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| Penny Stocks and Big Boards Relevant to the most conventional way of profiting through investing, this forum is focused on the discussion and analysis of stocks, bonds and equity investments in the openly traded stock market (NYSE, AMEX, NASDAQ, TSE, TSE Ventures, ect.) |
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Short term stocks trade advice needed?
I am thinking to go into the stock market. My idea is to trade stocks of well established companies. Looking to make a small profit. I would appreciate it if any one who has experience with day trading can give me some advice. Which sector to pick?. What stratgey to use?.
The strategy that I am working on is to pick companies with good fundementals, but then use technical analysis to do the short term trading. I don't want to go for the long term investment becuase I don't like how the stock market has been behaving lately (mostly a down trend). Yes you are right, I meant swing trading and not day trading. I intend to invest in companies with good fundementals, becuase I don't want to take the risk of seeing my money wiped out!.
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You are contradicting yourself. Fundamentals only tell you about long term strength of the company and are thus of no value to short term traders. In the short term: buy stocks that are moving up and short stocks moving down. Match them dollar for dollar (almost) so that you need not be concerned with overall market moves.
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