stock buying indicators

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Thread: stock buying indicators

          
   
  1. #1
    Envious Eric is offline Senior Member
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    Default stock buying indicators

    so you find a stock ticker, pull up the charts on it, do a little research....

    If you are looking at one, what are your CHART indicators to buy and how long to hold onto them? Something like "its up 2% right out of the gates, I should buy this one and sell when it hits #% and move on?"

  2. #2
    ganeshm's Avatar
    ganeshm is offline Senior Member
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    I mostly watch for high volume and stocks that are up atleast 5% early in the day. Also breakout patterns such as if the stock breaks through its previous high of the day.

    For most of my trades I like to aim for atleast 10% gains. Although this various depending on if it is a swing trade or simply quick day trade for a small profit.

    Also another thing that I have been doing lately is watching stocks that have lots of strength and volume late into the day before the closing. This usually leads to a gap up in the morning and you can sell right when the market opens for a nice little profit.
    av1atic and hftjmac like this.

  3. #3
    Envious Eric is offline Senior Member
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    Thats a very comfortable number, 10%. I wouldnt mind making a little extra 10% every week! actually, that was my game plan all along getting into this.

    Im going to put things on hold and get into simulated trading to test my skills without hurting the bank. I was looking at a couple off of thinkorswim and finviz.com off the recommendations here, and would have been up today based on what happened. One stock was up 68% end of day, another 10%, another 4%, and one down 1%. Would have been a stellar day! Granted not all days are like this at all.

    This would be for day trading, maybe a 3 day hold...get in, take a cut, or lose a smidge and get out. Long term, not looking to put all my money into anything at this point (a client told me to get in and hold onto tesla for a long time last year...wish I took his advice now!)

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  5. #4
    H J's Avatar
    H J
    H J is offline Senior Member
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    There's a lot more to it than just watching charts for sizable changes. I've traded for years and I'm not always spot-on, but outside elements and company reports/announcements make a difference. With that being said, manipulation is just as existent as ever. "Well, the market is down today due to investor hesitation because of the Cyprus financial crisis." <--- LOL "How Big Fish Make Gains 101"
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  6. #5
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    ganeshm is offline Senior Member
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    ^^ Definitely. For trades that you want to hold for longer than a few days definitely do your due diligence on the company/stock and is where you make bank. It takes some patience, but definitely pays off and is easier to monitor since you aren't glued to your computer all day watching the charts.

    But making a few shorter term trades helps to make some small profits and build up your account. I try to have a mix of both because I get bored easily with just holding trades for the long run.

  7. #6
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    You should read The Intelligent Investor by Benjamin Graham.

    This will give you a good base on the premise of value investing. Value investing is the style Warren Buffett uses. Benjamin Graham was also Buffett's professor, and Buffet was the only student to get an A+ in the class...ever. I would never recommend anyone to just jump into the market even with a few weeks of prep. The first trade I made was over two years after I began to delve into it and teach myself.
    Sketch likes this.
    "The best way to predict the future is to create it." - Peter Drucker

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