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Where do you look for stocks to trade?

posted 02/24/08 04:40 PM | Viewed 209 times
Good Sunday evening Bloggers, Well, that a good question isn't it. I have one site that i find is my best tool and without it I would probably spend hours looking all over the place to find what i could trade next. That site is stockfetcher.com ( http://www.stockfetcher.com/ui2/index.php ). This site is best served for the technical analysis folks. It is a service that needs to be paid for but in my opinion @ $8.95/month, is one of the least expensive things I do. Even my haicut cost more than that but just barely! LOL I would suggest that you download their user guide and see how powerful this web site can be. It is really beneficial for those who like to tweak things to create their own strategies for trading. But don't fret if your not like that, there are plenty of ready made scans that can be used as well. What I find extremely useful is the backtesting tool! Once you have created a scan, just use this tool to see how your new scan performed over a period of time. It's great. You can "paper trade" until you find something you feel comfortable with and then attack those tradesas never before! Makes you feel a whole lot more confident going into trades, imo. http://www.stockfetcher.com/ui2/index.php Good Luck Bloggers, Boca_Bobby

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snowman

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Construction Union
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snowman
Posted February 24, 2008 (06:14PM)
Personally I believe it would be better to invest in a subscription to Barron's or the Wallstreetjournal.
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boca_bobby

Member since: Jan 08
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boca_bobby
Posted February 24, 2008 (08:55PM)

Hey great idea there snowman,

I just went to the web sites for both of those fine publications to look for a price. If you pay for the whole year you can get the online version for under $7 per month on both. Do you have one you like more than the other? I might pay for a subscription myself!

Boca_Bobby

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snowman

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Construction Union
Age: 40's
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snowman
Posted February 24, 2008 (10:56PM)
I have theWallstreetjournal but was thinking of switching to Barron's for a while anyway. Thewallstreetjournal does not give you futures trading until the next day however I like some of their more detailed articles.
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UPod

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UPod
Posted February 24, 2008 (11:18PM)
I really enjoy reading the Wall Street Journal. It's one of my favorite investing publications. The company I work for has a subscription.  I usually scan it when I arrive to work in the morning for anything that might have a direct impact on trading for the day. I bring it home with me at night  where I have more time to read some of the articles in full.  
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rivercity

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rivercity
Posted February 25, 2008 (07:11PM)

I've read Baron's and the WSJ.  I love the WSJ, but not for investment advice :).  I agree with BocaBobby -> stockfetcher is a fantastic site.  I've learned more about momentum investing and technical analysis by using that site, and reading the forums, than any other single source.

Does anybody else read Investor's Business Daily? 

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DannyUpshaw

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DannyUpshaw
Posted February 25, 2008 (08:38PM)

I ignore the whole lot of them when it comes to picking stocks to trade.  By the time you read about a stock in IBD, Wall Street Journal, or Baron's, you've probably missed the most significant gains out of the stock.  For example, I've been trading TTWO, AMSF, TCHC, and AFSI lately.  All but TTWO are small cap financials.  I do most of my research on the msn stock screener, various internet message boards, historical charts, company history, and recent announcements.  The easiest way that I've found to make money is by digging through the stock screener until you find small cap stocks that continually blow out earnings and have a history of good management decisions and growth.  Take AFSI for example.  They blow out earnings every consecutive quarter.  I've been trading them for a long while, and have made plenty of money riding the "wave".  Now, IBD has mentioned them again, so the stock has spiked once again.  With a small amount of money, sub $5,000, I have to play small cap stocks in order to keep some diversity in my portfolio.  By the time WSJ, Baron's, or IBD notices the stocks that I've been trading, I've already made decent money off them.  Then, I get to ride the sudden buying interest when they get mentioned in the major publications.   My latest picks are TCHC and AMSF, which are even smaller cap than I usually go.   

However, I do enjoy IBD, Baron's, and The Wall Street Journal.  I used to subscribe to WSJ, but let my subscription lapse.    

Anyways, that's my take.  I like to get in *before* the major publications notice a stock.  So far, the strategy of researching small caps on my own has worked out quite well.  If a company is well-managed and profitable, eventually, the publications and the market will notice.

 

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