Start by picking one stock and then analyze the results; Use trading charts to understand movement of stocks and the overall market; Finally, stick with your plan! Choosing Stocks Based on Your Personality. Also, your personality type will play a part in the types of stock you trade. For example, if you are 23 years old, grew up on video games, have a fast mind and need to have a lot of action to stay focused, then short-term, aggressive scalping may be right for you. On the other hand, if How to Choose a Stock: A Step-by-Step Guide Every investor wants to know how to find the best stock. If you're a beginning stock-picker, take a look at the steps below to get a head start. A market order is the most basic type of trade. It is an order to buy or sell immediately at the current price. Typically, if you are going to buy a stock, then you will pay a price at or near the posted ask. If you are going to sell a stock, you will receive a price at or near the posted bid.