Where to find Stocks?

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Top MemberPermalink Reply by Rob on August 14, 2011 at 7:01am

I am not sure what kind of stocks you are looking for. Meaning are you looking for fundamentally sound companies to invest in for the long haul or or are you looking for stocks setting up technically for a short term trade or are you looking for stocks to day trade.

You can find the investing type almost anywhere. You could use your brokers resources as I know TD Ameritrade has some screens and other tools.

The latter two all depends on what makes sense to you technically. For example, to find stocks to daytrade I look for what is moving around on volume on a given day or just something with a lot of movement in general. To finds stocks setting up technically for a short term trade you can run screens for  different technical setups. For example, if you like candlestick setups you can screen for those or maybe you like stochastics to be overbought or possibly a MACD signal line cross.

I guess the simple question to your question  is are you looking to trade fundamentally or technically

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Permalink Reply by Cameron on August 14, 2011 at 3:41pm

My apologies, i should of wrote a clearer explanation. i would say im a fundamental trader but moreover to my question i curious as to where to find names of stocks in general. For example without this site i would of never stumbled upon HDY, TZOO, TIV, ETC. and my question was how did they find them in the first place.

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Permalink Reply by Gala on August 14, 2011 at 5:14pm

Check out this site http://www.finviz.com/

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Top MemberPermalink Reply by Danny on August 14, 2011 at 6:27pm

Cameron a lot of active traders have watchlists, active stocks that they trade either regularly or they are watching to hit a certain point to buy. you'd be surprised its not as complicated as you imagine. Also watcing some TV such as CNBC if your home during the day or visiting sites like these you will be familiar with a lot of stocks very quickly.

 

Its not as vast of an environment  as you imagine. Just seems that way now. The more time you spend watching the market the more familiar you will become with many many stocks.

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Permalink Reply by Aaron Zimmerman on August 18, 2011 at 8:04pm

You can find stocks on the Dow, S&P 500, and the Nasdaq.

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Permalink Reply by GL on August 18, 2011 at 10:23pm

I am new myself... I started trading in April and most of my stocks went down since then.  My analysis of the situation is that the stocks market is a seasonnal thing "In May, walk away" and the mess that is going on for the last month or so made things worse. So I am not giving advice more like sharing a lessons learn.

 

I started with a similar amount and having read some books... I spread (for balance and safety) this acrosss 8 different stocks. I agree, don't be greedy, take your profit and walk away. Keep in mine your buying and selling cost... or cost of ownership. Aiming for a 10% return has to be on top of those fees.

 

The fewer stocks you will own will minimize the impact of those fees.

 

Now my portfolio is in the red, I have the luxury of some $ so I lower my positions. Things will pick-up and I will be in the green sooner.

 

Again, I am new myself, this outline what I would do differently.

 

Best of luck!

 

G.

 

 

 

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Top MemberPermalink Reply by Danny on August 18, 2011 at 10:30pm

Great GL sounds like your very smart. Keep it up buddy. any positive people in this environment is beautiful

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