Friday, March 22, 2013

How to Pick Your Own Stocks to Trade



The video above share some key points for picking stocks to trade. However, I did not review the program advertised and do not endorse it.

Introduction
Many traders have difficulties finding stocks to trade especially if they are new to the world of trading. There are no shortages of information about stock market trading. Below you will find information that gives a trader various ways to find stocks to trade that are free of charge. Your days of not having stocks to trade are over.

General Search
Go to www.barchart.com and scroll down to the lower half of the home page and click on "Top 100 Stocks". Or, click on "Stocks" on the main navigation bar, then click on "Hot Stocks" on the sub-navigation bar below "Stocks". Here you have some excellent lists of stocks to trade.

Enter "free stock screener" in Google and review the first page results. Enter your criteria in a screener to select your stocks. Some screners may be challenging if your are new to investing but Yahoo has some preset screeners. Market Watch screener is simple. In Market Watch screener, activate and enter your price range, volume range and sort by "change percentage" when you are asked how to view your results.

Go to www.google.com and search for “free stock picks” without the quotation marks. Review the results of your search. You may find some sample portfolios presented by investment advisers. Make a watch list of the picks from the various websites. Monitor the list and make your trades from that list.

Proven Stock Picks
If your are on howthemarketworks.com then go to the profile of the successful traders/investors and see what they are trading. Make a watch list of the stocks the successful traders are trading. TVIX, UVXY and UNXL are very popular with day traders because of the volatility of these stocks but there are much more stocks to glean from the leading traders. Monitor your watch list and make your trades from that list.

Go to http://www.thetechtrader.com regularly. click on "Charts of the Day" from the navigation bar. Watch the video with pen and paper in hand. Pick a few stocks and follow Harry Boxer's entry, stop loss and exit instructions. These are ongoing picks with more room to run further up or down. This info is FREE! The Technical trader offers a free trial of their service. If you like the picks you may subscribe to the service and day trade with Harry Boxer or you may just use their swing trade service. If you are a day trader pick those stocks with 500k or more volume. Swing/long term traders could use any of the picks.

Hot and Real Time Stock Picks
Go to http://www.freestockcharts.com when the market is open. >> Click on "Standard and Poors 500 Component" at the upper left hand corner of the screen... >> Select "US Common Stocks" from the drop-down list... >> Click the "Vol Buzz" tab... >> Pick your stocks to trade from the top 20 most active stocks presently... >> Click the "%Change" tab... >> Pick stocks from the top 20 gainers... >> Click the "%Change" tab again. This resort the list... >> Pick stocks from the top 20 biggest losers... >> Do the above at different times of the day to find more stocks to trade. Only choose those stocks in your price range with a volume of over 100k for long term traders and over 500k for short term traders.

You may register with Free Stock Charts to save your settings. Also, create a simple scan by clicking on the "Scan" tab. Select "Create a Scan" and give it a name. Change the list to scan to US Common Stocks. Add your conditions by entering price range and volume (greater than 5000 to filter out volume less than 500k). Click ok and sort by clicking on the "Vol Buzz" tab.

If you have access to a professional trading platform, those that I know of maintain a list of the top most active stocks, the biggest gainers and the biggest losers every day. From those lists you could choose stocks to trade.

I hope this helps.

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