New Trader in need of advice.

[murray t turtle]

Quote from Ebo:

Perhaps a normal name and concise questions might evoke a response?

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Good one!


Boy plunger;

Wouldnt know whether you read more bid/ask prices or charts;
prefer both myself , home office printed out.


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Love learning -Solomon,trader king

 

[lindq]

Quote from TheBoyPlunger:

Ok, so I'm a new trader... only been trading live for a few days. I had been restricted to GM in 100 share clips, but I have performed decently so I am soon going to be allowed to trade other equities with the restriction that each security has an average daily volume of 5 million shares. As I said, I am a new trader, and thusfar have only taken my seven... so NYSE stocks only. Any help woud be greatly appreciated.

You need to first establish a clear strategy for your trading. Then you select the stocks that best respond to that strategy. The most effective way to do this is through backtesting. What stocks clearly provide the characteristics that will support your strategy? What are the fundamental and technical characteristics that they have in common?

If you don't have a clear strategy, then you are in trouble out of the gate. But if you do, then selecting the right stocks to trade with that strategy should not be difficult.

 

[Mecro]

Quote from TheBoyPlunger:

Sorry if I was unclear... I have to choose ten securities to trade... I need advice as to which to choose. Required; minimum volume of 5 million shares a day. Any reccomendations?

Dont trade AOL

 

[Ebo]

AOL?

It was changed to TWX last week.........they dumped the name.