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Am a beginner with technical stock screening to determine potential investments. Out of the hundreds available, which criteria seem to provide the most reliable results?
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Stock screener helps you filter stocks, but it won't pick the stock for you. You have to learn the technical indicators and decide which ones suit you. Then you use the stock screener to find stocks that have the technical patterns you defined.
Part time trader
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What does personal experience indicate? Have you tried some indicators that don't provide useful information to you?
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i think tecnical analysis won't assure u 100% for the future movement of a stock, it is just a guildline for us.....most of the time u may have to add in many other factors that might give a impact to the stock price....
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raymondwaihf wrote:i think tecnical analysis won't assure u 100% for the future movement of a stock, it is just a guildline for us.....most of the time u may have to add in many other factors that might give a impact to the stock price.... That's right or else everybody will become millionaires, same logic applies to fundamental analysis or any other methods you use to pick stocks.
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Technical analysis won't guarentee anything. It just gives you a place to consider buying. Don't chase a stock, use discipline and let it come to you or let it pass.
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For me, price and volume determines everything. And then stochastic and candlesticks.
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i usually look for bullish trends....
cci rsi macd volume stochastic bollinger bands mainly indicators i am looking
but they always say none of them 100 percent right... believe me i have very bad experience
but yeah if u dont make mistake u can t learn....
so my suggestion you gotta try to make your mix of indcators and try with play money
instead of cash and this way u can see how they perform moreover u can see parts in your strategy to improve....
anyway it s my humble opinion.....
last word look thread likesmoney started.... u can see some analysis with the indicators
maybe it helps....
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my technicals of choice are macd and stochastic, find something that works for you though.
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swhite5 wrote:Am a beginner with technical stock screening to determine potential investments. Out of the hundreds available, which criteria seem to provide the most reliable results? well everyone will have there own technical style, and depending on what you risk talorance is that will what you will have to base you screening on. higher risk focusing on more of the early signal indicators. Candlestick formations, support/resistence, tracking the flow of acculimation/distribution with price not the occilator. if you want less risk, you will then wait for occilators to turn bullish or bearish before placing your trade that the market/stock will go up of down
Hope This Helps And Don't Forget To Have A Fantastic Day.
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finding the resistance and the support is very important as well.
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how many stocks do you look at before you enter a trade?
thanks!
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Stochastics, volume and averages
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think most uses the screener and then go through the charts of each using ta before entering their position. lol
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For me RSI, Stochastics, Volume and MA help narrow the field. Then I research the companies, industries and any recent news that may be affecting the stock. As others have said, you won't know the temperature of the water unless you get your feet wet! And I didn't start with play money. I got in in mid march and have held my own since then. Be burned a few times, but I've put out the flames and started again. Up 30% since March.
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What I get by reading this post is that basically fundamentals has to be strong besides technical strength otherwise only technical can lead you (probably) to loss
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I would say yes, look for sector/industry leaders for successful trades, as least when starting off.
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I use technicals only. But I swing trade. The only thing I use fundamental is earnings day - don't hold before a report.
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