Quote from condorll:
jdkgroup,
I have been thinking about your request and how you should approach this ever since you started this thread.
Learning a trading method/how to trade in a couple days is unrealistic. Intraday trading is alot more challenging than swing trading (3-15 days) as well.
I have been swing trading for about 20 years, the past 10 years online and although I am totally impressed with your setup, I don't think I could handle so many screens. Information overload.
What I would recommend for starters is the following.
1) Use 2 or 3 screens max.
2) Look at some growth stock charts and decide where you would have entered those trades and where you would have exited.
3) Get software that has fundamental screening capability (to identify strong growth stocks) and with some prebuilt trading strategies included, and play around with them to determine which strategies will give you your approx desired entry points.
4) Trade long only, no shorts on individual stocks, newbies get burnt badly shorting. If you feel the need to short, short a sector or Market ETF, or buy a short ETF. Look at a 30 year chart of the S&P to understand what I mean. Markets go up, period.
5) Money management is extremely important. Read articles/books whatever to understand the concepts of how much to risk on an individual trade, and how you should calculate your position size. Your mid 6 figure account is way to large for starters. Trim that back to about 100k and no more than 5 or 6 positions to monitor at a time, 15% - 20% in each trade.
6) Do not use margin until you have a successfully track record over, say a year.
7) You desire to earn 2% per month is totally realistic and can be achieved, but not on the entire 500k wad for at least a year or 2.
Good Luck!
