what do you do before you chose a stock to buy?

M

mute9003

so again. i am new
i dont have a strategy of my own only few memes about my poor timing..
im trying to understand what is the process that leads to you buying stocks
after watching youtube gods im more confused than when i started.

at the moment im using webull on my phone and learning all the features of the desktop webull

can you walk me through the process that leads you to buy certain stock please so i can get an idea of what a typical(preferably successful) trader does before he buys one or multiple stocks
do you research multiple stocks at once?
where do you start. do you look at the screener and see stocks you interested in and then check the news and articles on those stocks?
do you pay attention to the comments such as stockwits or should those be ignored completely?
 
mute9003 said:
can you walk me through the process that leads you to buy certain stock please so i can get an idea of what a typical(preferably successful) trader does before he buys one or multiple stocks
More...
I stopped trading stocks via my E*Trade account in 2010, but I still trade equities virtually from time to time just to put my system to the test. Given that I trade using technical analysis, between the summer of 2008 and December of 2019 I analyzed literally thousands of indicator combinations at various settings until I arrived at a single set of parameters that do a consistent and reliable job of uncovering stocks structured/primed to rise over the next few days.

I then use stockfetcher.com to screen the market toward the end of each trading session to find the handful (or less) of stocks that meet my criteria, purchase those equities, and then hold on to them until they drop -1% from their highest price since my purchase, hopefully after they have yielded as much as a 3% to 12% gain.
 
mute9003 said:
can you walk me through the process that leads you to buy certain stock
More...

Here is a very simple stock trading system: put a 50 day simple moving average (SMA) on the chart and buy the stock it the price is above that SMA and breaking (up) from a rectangle or ascending triangle formation. Put a stop below the previous swing low and exit if price closes below the 75 day SMA three times in a row.

For better performance buy that stock if the stock's sector/industry is also above the 50-day SMA.

There are thousands of very liquid stocks just in the USA so this simple strategy alone should keep you busy every single day... :cool:
 
mute9003 said:
so again. i am new
i dont have a strategy of my own only few memes about my poor timing..
im trying to understand what is the process that leads to you buying stocks
after watching youtube gods im more confused than when i started.

at the moment im using webull on my phone and learning all the features of the desktop webull

can you walk me through the process that leads you to buy certain stock please so i can get an idea of what a typical(preferably successful) trader does before he buys one or multiple stocks
do you research multiple stocks at once?
where do you start. do you look at the screener and see stocks you interested in and then check the news and articles on those stocks?
do you pay attention to the comments such as stockwits or should those be ignored completely?
More...
%%
Ever notice how many stocks/pro- full time billion buck fund mangers cant even beat benchmarks/QQQ/SPY?????????????????????????????????????????????
I like those above 50+ 200 day moving average. I seldom use news, even though WSJ, IBD may help during non market hours.
XLK is plenty liquid; FTEC is not as liquid , but liquid enough..............................................................................Public + private library helps also; wisdom is profitable to direct.
 
Here you are really right, you need to think it over and understand how the further applied trades will develop.
 
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