Hey guys, I did a lot of study past year about technical analysis, charts and setups. Read a lot of books and almost everything that is awaylable online. The point is that my stocks allmost always follow the market and this is not in my favour. Looking for upgrading my skills in stock picking. Please tell me what is your critieria to pick a stock (Fundamentally) Like: Eps/ Revenue growth, Relative strenght, strong industries What is your edge in the market and do you use one.
Your experience is not uncommon. So look into trading indexes. With many 2x and 3x ETFs offering tight spreads and high volume, this may offer you a better path and help to avoid the vagaries of stocks. Good luck.
I realised that personal practice with ups/downs & winners/losers (positions), is much more valuable then collecting information. One could read every available book on how to master a martial art & once he steps into the arena(markets) , it turns out that, the very basic hardcore skills - are undeveloped. Do you have that one thing, where you can say : ,,I don't know where this might go and im not so sure about that, but in this kind of situation, i am certain about it" One step at the time. The best part, - once you become good in one/single area, then you can focus in other field. Don't spread yourself to wide, focus.
Don't know what you've read. For trading stocks I'd read O'Neil's How to make money in stocks. Then Gunther's Zurich Axioms
I really like this reply. I just wanted to add tho for me its also important to have a strategy and a plan for the trade. Otherwise it can be difficult to understand why my emotions took over and I acted a certain way vs another. So having confidence in my strategy is very important for me, basically cant get to this step until I first have confidence in my strategy. (Although, can still learn a lot from just trading but can also cost a bit more and even develop bad habits as well) so once I have a strategy I trust and go live is when I can start focusing on the "psychology" aspect. I am aware that doesnt answer your original question, but this was a great post and wanted to do try and do my do-gooderness to the trader universe for any newbs. Best of Luck