New to stock picking - setting up a watchlist

S

Sunshine4ever

Hi all,

I am a novice to stock trading and I have few questions for you guys:


• Where do you set up a watchlist

• How many stocks should you have

• How do you choose stocks

• How often is it updated

• Where do you trade

Thank you!..
 
Well what kind of stocks do you want? Small growth, large value, or something in between? It is impossible to have a stock picking approach without an overall investment philosophy. You need to tell us how aggressive or conservative you want to be.
 
I am trying to figure out what I want to do, but for starters I'm thinking to set-up 2 lists: one for buy&hold (growth) and another for intra-day/break-out trading.
 
Start out with some stocks you like. Add a couple of related stocks to the ones you like.

Add a couple biggies (I use WMT and MCD) to see how they follow the market. Put in a financial stock or two, for the same reason.

As you read the news or you get an idea, add it.
 
what is a recommended account size for a beginner and what kind of stocks should i trade and how many shares of each? or should i start with ETFs? :eek:
 
I like to have a watchlist of leading stocks in each sector, plus any stocks that are hot or in the news that day. I also keep a longer list of stocks in key sectors I follow. It is useful to see at a glance which ones are leading, lagging, etc.
 
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