posted
mrcyberbill....If you want a good watchlist to look at everyday...I'll give you one of mine. I sort the list from percent change from open , cause sometimes they're up big premarket, then fall back down at 9:30 am when market opens. Sorting it from percent from open lests you see whats moving when the bell rings!
Thanks for the information. I am going to review my current much shorter list and add some of your items to it.
I think that I have figured out how someone starting can trade in a way that the odds are leaning in my favor of making money - maybe not an awful lot of money, but enough to stay positive.
1: When a stock opens really low or goes low in the first 5 mins or so - then just goes sideways with volume building and building before taking off positive.
2: Buying in at a 3PM or 3:59PM low - when it meets or exceeds the low-of-the-day. Then getting out the next morning during the 9:30-10:30 bounce -- and HOPING that there is not any REALLY bad news that happens after hours.
Everything else goes to the Stock Simulator - learning on fake money. Of course since there is no stress on the simulator, it makes much better money and profits - and no sweating while watching the stock drop and money leave!
As for your list, I will add some of your ideas. I have been building a watch list in Portfolio of Medved Quotetracker - a MASTER list and I copy it to a DAILY MASTER list each day. -one that I can edit/delete/etc-. I do not know if it is a good idea, but I have been deleting from the DAILY MASTER list stocks that move < .10 during the last day and stocks that have < 2 Million trading during the last day. I might miss something but I am hoping that it saves me from messing up and getting into a stock that I think the price is good, then realizing that only 50000 shares have traded over the day. !Not a good thing!
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
