Short term stocks trade advice needed?

Question

I am thinking to go into the stock market. My idea is to trade stocks of well established companies. Looking to make a small profit. I would appreciate it if any one who has experience with day trading can give me some advice. Which sector to pick?. What stratgey to use?.
The strategy that I am working on is to pick companies with good fundementals, but then use technical analysis to do the short term trading. I don't want to go for the long term investment becuase I don't like how the stock market has been behaving lately (mostly a down trend).

Yes you are right, I meant swing trading and not day trading. I intend to invest in companies with good fundementals, becuase I don't want to take the risk of seeing my money wiped out!.

Answer 1

What you are describing is swing trading. (Holding a stock between 2-5 days or up to a couple weeks) While it can be profitable it takes awhile to understand how to do it successfully.

For starters you need to learn how to read candlestick charts and understand how to use moving averages.

You can not be a true "day trader" unless you keep at least $25,000 in your brokerage account. This is why you will find more swing traders than day traders.

Answer 2

Binary options let users trade in currency pairs and stocks for various predetermined time-periods, minimal of which is 30 seconds. Executing trades is straightforward. The system uses user-friendly interfaces, which even an 8 years old kid, can operate without having to read any instructions. But winning trades is Not easy.
Binary trading is advertised as the only genuine system that lets users earn preposterous amounts of money in ridiculously short period of time. Advertisers try to implicate as if you can make $350 every 60 seconds; if it was true then binary trading would truly be an astonishing business.
However, does it make any sense? Can every trader make tons of money in binary trading? Who is actually paying all the money or the profit to traders?
The first challenge is finding a trustworthy binary broker; secondly, you need to find a binary trading strategy, which you can use to make profits consistently. Without an effective trading strategy, there is no way you can make money in this business.
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It's probably the best way to learn how to win with binary option

Answer 3

You are contradicting yourself. Fundamentals only tell you about long term strength of the company and are thus of no value to short term traders. In the short term: buy stocks that are moving up and short stocks moving down. Match them dollar for dollar (almost) so that you need not be concerned with overall market moves.

Answer 4

You can't succed in binary trading without a strategy, a good method to follow and some kind of software support. They program I use is called "Autobinary signals". It helps finding loopholes for guaranteed returns. It's very easy to use and I'm earning good money. You find all the details on this site: http://tradingsignal.toptips.org

Answer 5

2

Answer 6

1

Answer 7

Check out Yahoo group: ComputerProgramPicks

Answer 8

What, in your view, are 'good fundamentals'? Your question mentions nothing about valuation...valuation is all that matters. Your objective should not be to find 'good' companies (which are easy to identify, after all); your objective should be to find 'undervalued' companies, which may or may not be 'good' companies. I would much, much rather own a mediocre company that is 50% undervalued than a 'good' company that is 5% undervalued. You can't make money investing in the latter...D

Answer 9

You are welcome to join:

http://finance.groups.yahoo.com/group/TradingZoom/

- that is exactly what we do.

Some of the best books on stock trading are listed on the front page.

Answer 10

check
http://finance.groups.yahoo.com/group/ShareGuru/