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How to buy a stock checklist Day Traders
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Message ID: #2420
SuperStocker
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How to buy a stock checklist Day Traders Posted: 7 Months, 3 Weeks ago THANKS: 7  
Ok, I see alot of investors don\'t know too much about investing

I\'ve laid out my little mental checklist when I find a stock

#1. I play with $1k buys, I want a stock to have at least $10k or 10 times what I\'m buying for me to not be too big of a fish in the pond idea.

#2 Check www.pinksheets.com to see if it\'s a reporting company, if it\'s not most likely I will not invest unless they\'re in process of reporting.
Also get their website, I don\'t invest mostly company\'s without a website.

#3. Check the chart, where was the recent low points and high points, does it have movement?

#4 Check www.marketwatch.com for it\'s profile and also recent news to make sure there\'s no bad news that\'ll end the company.
Also this is a good place to find the company\'s website address under profile

#5 Use www.freestockcalculator.com to calculate my profits and where I want to sell at.

*If you can\'t find the stocks website by now, try doing a Google or Yahoo search of the stock symbol plus the stocks company name(find both on pinksheets.com) without any abbreviations after the stock or stock name (i.e. co.\'s inc.\'s or .pk .otcbb)

Now it\'s time to make a buy, hopefully you\'ve done that quickly as most times opportunities are gone in minutes.

Hopefully this will help you all make good decisions!
 
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Last Edit: 2008/05/20 12:41 By SuperStocker.
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Message ID: #2452
z1065
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Re:How to buy a stock checklist Day Traders Posted: 7 Months, 3 Weeks ago THANKS: 0  
Thanks for your help
 
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Message ID: #2456
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Re:How to buy a stock checklist Day Traders Posted: 7 Months, 3 Weeks ago THANKS: 7  
z1065 wrote:
QUOTE:
Thanks for your help


Glad I could help, anyone want to add suggestions to the checklist feel free to post up
 
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Message ID: #2459
figment3514
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Re:How to buy a stock checklist Day Traders Posted: 7 Months, 3 Weeks ago THANKS: 23  
I like to watch the number of trades as well. You can find those under www.microcapmarkets.com for every stock. Real Pennies has that as well under market wrapup. Here's an example of understanding the power in the number of trades. I noticed FNAT had 411 number of trades when it was first popular this year. It was at 0.0018 and in the red. I beleive the volume was around 1,000,000. Due to the fact that it had 411 number of trades made it very popular and then it skyrocketed to 0.17 in 2 months. I also noticed this with GCOG and that is why I posted that one and look what it did! It skyrocketed all the way to 0.01. I wanted to share this scenerio with everybody. While looking for a stock please consider the number of trades. If you ever find one with 400 and at 0.0018 it is probably going to pull another FNAT! I have been desperately looking for another one like that.

I also like oil companies that are around 0.0003-0.0018. Those usually have high number of trades. I like commodities such as COFFEE as well. Basically stuff that people use everyday!
 
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figment3514
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Re:How to buy a stock checklist Day Traders Posted: 7 Months, 3 Weeks ago THANKS: 23  
An example is AVWI just needs about 120 more number of trades to take off its at the perfect number at 0.0018! Get ready its almost set! Its listed in the Forum as well!
 
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Message ID: #2461
figment3514
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Re:How to buy a stock checklist Day Traders Posted: 7 Months, 3 Weeks ago THANKS: 23  
Well wait the volume had to be around where AVWI is now for FNAT at 85.76 M. Oh my AVWI is almost set!
 
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