I am impressed by the willingness to share information on this site,i have traded stock with my brocker for years and have done ---okay,but I NEED to do it on my own.I am hoping to learn from many of you and if anyone has any insight on how to begin it would be greatly appreciated to hear your wisdom.
When I traded stocks, I would find the low priced stocks (less than $3) and I would look at the history and see if they move $0.05 to $0.15 daily in a rolling stock pattern. I did this with Lucent Technologies (LU) for a long time and did very well.
Search for stocks that roll in a predictable pattern.
Now that you are "endeavoring to persevere" in this business, one of the fundamental things you will need to discover is who you are as a trader. Are you a scalper, swinger, position, scarred rabbit, monster aggressive? or what!?
In the beginning (and the beginning can last about 3 years) it is going to be absolutely crucial that you find the right fit. What I mean is that you need to find out what kind of trader you are and what method(s) best fit you.
The one that will best fit you will be the one you can work. It really is that simple. There are 100's of method, 100's of indicators, 100's of gurus, 100's of everything. There is a reason for this. We are all different. We all have different risk tolerance, different fears, different desires, and some of us are just plain weird.
So, while you are working hard to get what you want, make sure the work you are doing is actually the right kind of work that can get you what you want. No sense digging a hole with a toothpick.
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