I know one can spend countless hours just looking around for stocks to swing or day trade and then do their investigation. Just to find them, where do you get your ideas or stock buying recommendations? Newsletters, Cramer, most active traded, CNBC, etc. I would love to have a recommend to same several hours a week.
everyonerich
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idea can come from fundamental or technical analysis.. ?
luckyd1976
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Most people who scalp generally have their favorites. (QQQQ, AAPL, RIMM, etc...) but I generally like to stick to storied premarket stocks. Premarket moves because of earnings misses or surprises and the biggest sectors that are moving have been doing well for me recently.
InvestEgate - Analyst Recommendations
There are stacks around, Times and Telegraph online, etc.
I don't take as much notice of them as I should, just taking notice of the more important dates. I'm a bit suspicious of analyists!
Split
trader_dante
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Yeah, I get all my ideas and stock buying recommendations from Cramer. He's spot on everytime. Also, I like to just jump on board when CNBC are talking up a stock. I love analyst newsletters too as they never seem to be wrong. Plus I get a lot of free tips off people on bulletin boards. There are a few odd people that get it wrong but almost everyone else is right. I think it's a fairly easy way to make money and beats doing your own due diligence. Who wants to spend hours researching a market both fundamentally and technically? You might as well get someone else to do it for you. That way it cuts down on the work. Also I like the way that you have someone else to blame if it doesn't work because I am not keen on taking responsibility for this kind of thing myself as I don't know that much about it.
Hi 10usdad -
Let the market tell you. Work out what instrruments you would not trade and never look at them again: e.g. I never trade commodities or tech penny shares, you might never trade currency etc.
Research what set-ups in TA (or newsflow) suit your trading style and strategies. Follow 1 major target until you are expert at seeing these and working your system with real money, and being consistently successful. Then add a second, then a third: try to ensure they are diverse, so you're not going to be going long on all 3 because of the same news item. Then add more. The charts will talk to you. Apply a dab of zen here.... optional.
If you're a serious trader, forget the TV news commentators etc., except for confirmation that the crowd is catching up with what you have already done, and indicating its time for you to pack your bags and clear out with the profits. If you're not long in gold before the 10pm news says you should be long in gold, its probably too late.
Let the market tell you. Work out what instrruments you would not trade and never look at them again: e.g. I never trade commodities or tech penny shares, you might never trade currency etc.
Research what set-ups in TA (or newsflow) suit your trading style and strategies. Follow 1 major target until you are expert at seeing these and working your system with real money, and being consistently successful. Then add a second, then a third: try to ensure they are diverse, so you're not going to be going long on all 3 because of the same news item. Then add more. The charts will talk to you. Apply a dab of zen here.... optional.
If you're a serious trader, forget the TV news commentators etc., except for confirmation that the crowd is catching up with what you have already done, and indicating its time for you to pack your bags and clear out with the profits. If you're not long in gold before the 10pm news says you should be long in gold, its probably too late.
You are very naughty - stand at the back with hands on head and think about what you have done.
Mr. Charts
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Somebody will take that seriously ! :clap:
I loathe Cramer, but like him as he makes me money from time to time.
When he pumps up a stop with his manic screeching, sometimes the following day it can gap up. If the market turns negative then I look to see if his "pick" trends down and I enjoy taking a bite out of it.
After all, if you already own that stock you've got a good opportunity to sell out on that gap up. Just wait for the morons to buy it first - and then when they are done......
Richard
trader_dante
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rols
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Instead of wasting years of time and bags of money try this.
get a copy of The Times or The Wall Street Journal.
Throw a dart at the page where the equities are listed.
Then flip a coin, Heads you BUY Tails you SELL
Stick the lot on this ONE
(Do place a STOP just before wipeout area)
Go away for 2 weeks
If you've won, rinse and repeat.
If you lost then thank God you can move on to something else.
Merry Christmas.
I use stock market screening website for getting daily trading ideas.This is the first site which gave me good results.Hope it continues its good analysis.
trader_dante
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Another tip from me: I always follow advice from people that have about 1 or 2 posts to their name and show up posting links to websites where I can get hot tips. The rationale behind me doing this is quite clever: I think the reason they have been holding back posting before is that they have been waiting for that special moment to help people so I know that when they make their first few posts they will be as helpful as possible and give some genuinely good advice in order to get on a good footing with the fine folk here. It's just another of my tips for everyone. Hope you're all having a great new year.
johnnyonspot
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I have used a web site, stockfetcher.com, where you can write your own filters or use publicly posted ones, some of which are excellent. I am very new at this stuff, only been trading for a month and a half, and am excitedly awaiting the blowout of my account so I can get onto being profitable, so this as always is FWIW.:smart: In any event, I use a few different filters for sing trading stocks and so far have made 13 trades since late November with a 70% winning percentage. I am up a bit since starting, which honestly worries me. But I have made several mistakes and know what they are and how to avoid them in the future.:clap: I am enjoying myself and learning a lot all the time as I have thrown myself wholly into it. T2W is a great resource. Best general trading forum on the net imho.
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foredog
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because all the economist predicted the credit crunch and saved the world all this turmoil.....
foredog
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i read the papers online and then check which stocks have news out and intraday just look for ones naking new highs/ lows
If you want to trade Nasdaq stocks then their website has a heatmap which is active premarket and shows whats trading up/down
If you want to trade Nasdaq stocks then their website has a heatmap which is active premarket and shows whats trading up/down
