Quote:
Originally Posted by zamase  What scans do you use to determine stock? |
Actually, I just use the
free scans on stockcharts.com.
I spend 2 to 3 hours a night looking for stocks that are ready for a reversal or currently trending up.
If I find a stock I like, I
wait. Wait a few days, feel out its trading pattern, get a feel for the general mood of the investors in that particular stock....etc.
(Sometimes I scan for sell signals so I can put it on a watch list to buy it months later). Since I work away from the computer during the day, I place my orders in the morning. I will hold a stock until it clears the settlement date, then look for an exit.
I take profits early and often. I try to post the stocks in which I have confidence.
I'm surprised by the ammount of success I've had, considering that I'm a total ametuer who's rarely online during the trading day. PRESERVE YOUR CAPITAL!!! (#1 RULE)
Take profits every chance you get.
Cut your losses early.
No OTCs.
Learn from your mistakes.
Never give up.