posted
do u look for value stocks or growth stocks ?? which do u feel preforms better as a short term trader n which is better to focus on more so then the other ??
Posts: 26 | From: vancouver | Registered: Aug 2007
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posted
I don't look for either/or for short term trades... I'm not a fundamentalist at all so I only go through technicals and if a chart agrees with my criteria I will buy it regardless of whether it's a value or growth company. Such things are for the long term imo of which I am not into.
Fundamentals only tell you the health of a company. It will not tell you when to enter or exit a position especially in short term trading (scalping, daytrading, swingtrading, position trading).
-------------------- Let the world change you... And you can change the world.
Ernesto "Che" Guevara de la Serna Posts: 4669 | Registered: Mar 2004
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posted
O okay. So how do u pick you short term stocks for that month or longer..what are just a couple main things you look into as a techy that works best 4 u ..
Posts: 26 | From: vancouver | Registered: Aug 2007
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posted
I use a free stock scanner/screener... i like to use the one at smallcapcenter.com.... to cut down the list of choices since there is around 9,000 stocks to choose from... give or take lol ... I use the Technical screener on that site under their "TOOLS" button...
-------------------- Let the world change you... And you can change the world.
Ernesto "Che" Guevara de la Serna Posts: 4669 | Registered: Mar 2004
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posted
o okay thnx for the advice much appreciated...also wuts a good oline broker with low minimums for a short term beginner trader that wont f me on rates and isn't confusing haha...working with maybe 2gs n more as the months go on once i start, still got alot of learning first tho lol...im in canada so if it makes a difference?...wut other software is good to get or programs ?
Posts: 26 | From: vancouver | Registered: Aug 2007
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posted
I don't know about Canada... but the one I use is www.choicetrade.com . Check out their website... they are a flat fee of $5 roundtrip for any stock. They have stop/loss and stop/limit orders as well which are very important for any stock position you enter. For swing/position trading you only need a chart after the market closes to make decisions for the next day. Also try to concentrate on Big Board stocks more so then Penny Stocks. Charts of Big Board stocks are more consistent unlike Penny Stocks which fluctuate wildly most of the times.
But if you want to use software, then try www.quotetracker.com. But seriously before you begin trading read books on trading first. Do not go into trading head first without learning the basics at least. Books i recommend that I absolutely love (most if not all can be bought cheaply through amazon.com):
posted
yea i got 2 toni turner books and 3 other good books read only a couple but still got about 6 months or more of learning ahead then a bunch of trial and error haha ill look those books and thnx agian.
Posts: 26 | From: vancouver | Registered: Aug 2007
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