What are ways I can find consistent stocks that will actually make me money? No matter what I do I always loose not gain.
"I've rented a building, hired a bunch of staff, paid for a business license, and put up signs - but I don't have any idea of what I'm going to do to make money. Why isn't my business profitable? I've tried everything!" Unless you have a trading plan/strategy with positive expectancy, why would you expect not to lose money? The market is a very efficient system for taking it from those who don't know what they're doing and transferring it to those who do. Trading isn't some magic wand that sucks money in from the air and deposits it into your pockets; like having a building, staff, etc., it's just a vehicle for conducting business. If you don't have a way to buy low and sell high, you will not make a profit in either case. If you do have such a plan, say what it is instead of just complaining. There's at least a few people here who know what they're doing, and they might help you. If you don't have one... then your question answers itself.
%% MAKE sure to do some ETFs also; here's why. One of my MOST Hated trades was a very good stock PAYC@ that time, about$50. But when i got in after working very much to find some good stocks; it went sideways slop chop+ would not hit my stop or much of any profit for about 2 months/LOL Sold it /so then it starts trending good again; even though volume was getting worse.LOL WE've had some real good moves on SPY/VEA/ XME.... since Christmas week/JAN 1st.You are trading waaaaaaaaaaaaaaaaaaaaaaaay to much if you '' always lose'' AMZN is so far down from $3,300area, they split it a lot; the last week in AMZN\ JAN is called a ''topping tail'' . NOT meaning it has to top or go down\ meaning AMZN most likely to keep going down a bit. SH.............. had a tradable little move today; + XLE had a tradable bounce better than AMZN+ less risk with ETFs. For educational purposes only post. Dave ramsey said limit single stocks to 10%[AssetsUnderManagement].....................; most ETFs have @ least 7or 10or 500 stocks in them. I make more consistant profits in my metals business + same with home/business improvement business. Good question.
you cant be a consistent loser because that means the opposite trade would make you a consistent winner which is highly unlikely.
It's worth starting with the question: How do I identify a potential move that will make a few percent profit? This leads to the next question: what method will I use to search for the ticker? After all, the method is your trading system. But based on your "whatever I do", you can already say that you don't have a reasonable tool, in other words, a system. So you have nothing to worry about. Your position is the same as a worker who has to punch a hole in a concrete wall, and he picks with his finger instead of using a punching machine.
Morse specifies a few things that if identified can be a good place to start. https://elitetrader.com/et/threads/...solid-trading-plan.340340/page-4#post-5031706