New to stock picking - setting up a watchlist

Discussion in 'Stocks' started by Sunshine4ever, Nov 30, 2010.

  1. Hi all,

    I am a novice to stock trading and I have few questions for you guys:

    • Where do you set up a watchlist

    • How many stocks should you have

    • How do you choose stocks

    • How often is it updated

    • Where do you trade

    Thank you!..
  2. you know you have the answers..
  3. drcha


    Well what kind of stocks do you want? Small growth, large value, or something in between? It is impossible to have a stock picking approach without an overall investment philosophy. You need to tell us how aggressive or conservative you want to be.
  4. I am trying to figure out what I want to do, but for starters I'm thinking to set-up 2 lists: one for buy&hold (growth) and another for intra-day/break-out trading.
  5. Start out with some stocks you like. Add a couple of related stocks to the ones you like.

    Add a couple biggies (I use WMT and MCD) to see how they follow the market. Put in a financial stock or two, for the same reason.

    As you read the news or you get an idea, add it.
  6. LEAPup


  7. this is an awesome site, the best i've seen so far but i wasn't able to create a virtual portfolio and track my results. any suggestions?
  8. what is a recommended account size for a beginner and what kind of stocks should i trade and how many shares of each? or should i start with ETFs? :eek:
  9. I like to have a watchlist of leading stocks in each sector, plus any stocks that are hot or in the news that day. I also keep a longer list of stocks in key sectors I follow. It is useful to see at a glance which ones are leading, lagging, etc.
  10. #10     Dec 2, 2010