You need to register separately on the Chart Forum
- see Chart Forum Help
Edit Profile Profile Help Help
Forum Rules Forum Rules Advanced Help/Instructions Advanced Help
Search Last 1|3|7 Days Latest Posts Latest Posts
Search Search Forum Tree View Tree View
   

Advice on stock picking system please.

Chart Forum » Trading - Systems » Advice on stock picking system please.

««  Previous  Next  »»


 
Thread Start New Thread 
Last Poster Posts Pages Last Post
         

Author Message

Top of pagePrevious messageNext messageBottom of page Link to this message
arthurbach4
Member
Username: arthurbach4

Post Number: 18
Registered: 10-2002

Rating: N/A
Votes: 0


Wednesday, June 16, 2010 - 06:04 pm:Copy highlighted text to 'New Message' boxEdit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)



I have been paper trading for a couple of months now and I was wondering whether anyone could suggest an easy way to pick shares, either with strength (long) or weakness (short)?

It would be a bonus if the share picking systems suggested considered some basic fundamentals.

I know you need to spend money to make money, but if the system involved the use of free or at least reasonably priced methods – that would be the greatest bonus of all!

For example, just browsing through some Youtube videos I found an example where a guy uses the U.S. version of Etrade’s CLEAR STATION site (which is free to join but which only sorts through U.S. stocks):

http://www.youtube.com/watch?v=YswDBDghMa8

He is able to quickly (and for free) pick stocks which:

1. Have just had a record price breakout

2. Have done so on increased volume

3. Have a P/E ratio which is below the average for the industry group.

This system also has the benefit of being able to click a “bulk charts” link which brings up largish thumbnails of charts of the chosen stocks, all on the same page. You can then quickly scan for stocks which suit your personal, technical setup.

Another video has a guy using Google Finance to help pick stocks (again, only U.S. stocks):

http://www.youtube.com/watch?v=zcz94-7HJw4&feature=related

Here, stocks are chosen (quickly and for free) which fit the following criteria:

1. Have had at least a 100% 52 week price change

2. Have a minimum last price of at least $10 and a maximum of $50 (less volatility)

3. Have a minimum average volume of 200,000 shares

So, I guess I was wondering whether anyone had a setup like this for the Australian market, which may or may not consider basic fundamentals, but which is free (or at least not prohibitively expensive)?

Thanks a lot.

Peter.







Top of pagePrevious messageNext messageBottom of page Link to this message
ken
Member
Username: ken

Post Number: 663
Registered: 04-2003

Rating: N/A
Votes: 0


Wednesday, June 16, 2010 - 09:54 pm:Copy highlighted text to 'New Message' boxEdit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)



Arthur,

We have no idea of your timeframe, ie how long you will hold a stock. This site is mostly populated by short and medium term traders, with some long term investors.

Some general comments -

If there is a good system and its free it won't work for long, as it will be too hard to get into and shortsellers will short the original rise. There is no free lunch.

Trade in the direction of the trend. Easy to say, but identifying the trend at various timeframes is what many of us spend a lot of time doing. It's not just the trend of the stock you are considering but that of the index also.

It's not a good time to be long for the long term at the moment. If you have shorter timeframes it might be ok.

Having a systematic exit for all stocks based on the index changing trend is important.

Add Your Message Here
Post:
Bold text Italics Underline Create a hyperlink Insert a clipart image

Username: Posting Information:
This is a private posting area. Only registered users and moderators may post messages here.
Password:
Options: Enable HTML code in message
Automatically activate URLs in message
Action:

 
Other Threads  
Last PosterPostsPagesLast Post
Gary Stone's Sharewealth Systemspaulh19-Jul-10  06:09 pm
Safety stops and the flash crashjaded03-Jul-10  04:40 pm
Trading using MA'sdanielc01-Jul-10  10:58 am
Momentum Tradingalex_lyall44 14-Jun-10  06:39 pm
Difference between softwaresalex_lyall21 25-May-10  06:18 pm
The "Loan Shark" Methodjaded26 17-May-10  09:06 pm
Profit takingbreaker_111-Mar-10  02:57 pm
Safety In the Market ABC trading scanmaittlen09-Mar-10  06:26 pm
Trading structuremassner11 26-Feb-10  01:30 am
Please review my trading system!ninja01-Feb-10  10:30 pm
I have a plan!easymoney32 28-Nov-09  10:09 am
Screening Helprastus8106-Nov-09  06:35 pm
Trading Tuitionrockon04-Oct-09  07:25 am
Should a trading system be back tested?stoian11 25-Sep-09  04:26 pm

Threads by Last Post Time:

First Previous 1 2 3 4 5 6 7 8 9 00 01 02 03 04 Next Last

Administration Administration   Log Out Log Out    

««  Previous  Next  »»