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Finding the right stocks
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Finding the right stocks

  #1 (permalink)
Elite Member
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Futures Experience: Intermediate
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Finding the right stocks

After studying fundamentals (i.e. Fresh news) and only using it for a brief time to be in the right stocks to go short or long, I'm very convinced it's VERY important. Just wondering, does anyone else do this? Almost every successful prop equity trader I've talked to preps at least 1-2 hours before the opening bell. I've asked something similar, but it seems everyone is so focused on technicals.

To me, without an underlying story, the big boys (banks, hedge funds, mutual funds, etc.), won't come in have have the Real order flow coming in so that you can catch a relatively big move.

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  #3 (permalink)
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sterling729 View Post
After studying fundamentals (i.e. Fresh news) and only using it for a brief time to be in the right stocks to go short or long, I'm very convinced it's VERY important. Just wondering, does anyone else do this? Almost every successful prop equity trader I've talked to preps at least 1-2 hours before the opening bell. I've asked something similar, but it seems everyone is so focused on technicals.

To me, without an underlying story, the big boys (banks, hedge funds, mutual funds, etc.), won't come in have have the Real order flow coming in so that you can catch a relatively big move.

Take a look at what Tyler Bullhorn of Stockscores has to say:

https://www.stockscores.com/newsletters.asp?subpage=viewnewsletter&id=23065


Quoting 
Understanding Information
In theory, information should make the stock market's world go round. Information about companies and their ability to make money in the future is what should determine share price. As the market learns of new information, price is adjusted up and down to reflect the value of that information.

This implies that investors should focus their analysis on information so they can predict where share prices should go in the future.

While this makes good sense, I have found it to be extremely rare that investors who use information are able to consistently beat the stock market. With smaller retail investors (you and I) in particular, the use of information for making investing decisions is more destructive than it is beneficial. Here are ten reasons why:


It is hard to find the Truth when you start your search with a preconceived notion of what the Truth will be.
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  #4 (permalink)
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Futures Experience: Intermediate
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deaddog View Post
Take a look at what Tyler Bullhorn of Stockscores has to say:

https://www.stockscores.com/newsletters.asp?subpage=viewnewsletter&id=23065

Cheers for the article. Though I do understand the premise of it, I think it's beneficial if you consider fundamentals as only part of the picture. I.e. Fresh news can create a technical setup where big buyers can come in. Although it may seem that the fundamentals are already priced into the stock, fresh news can create a disagreement between traders where the risk reward setup can be very good.

I've spoken to people who work or have worked in some major hedge funds. In terms of analysis (fundamentals and technicals), 99% of their work is mostly what we do. They may look in more detail, have more experience in putting the pieces of the puzzle together, and have other experienced analysts to discuss it with. Contrary to what many under-performing retail trader thinks, no, they do not have a crystal ball in which they generate billions of dollars a year.

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  #5 (permalink)
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Futures Experience: Advanced
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sterling729 View Post
I.e. Fresh news can create a technical setup where big buyers can come in. Although it may seem that the fundamentals are already priced into the stock, fresh news can create a disagreement between traders where the risk reward setup can be very good.

The technical set up is created by the price action. You don't need know why, you only need to be able to react to what the price action is telling you.

Risk reward has nothing to do with the news. It has to do with how traders perceive the news will affect the stock price.

It is hard to find the Truth when you start your search with a preconceived notion of what the Truth will be.
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