To All Pro's and Seasoned Traders! Please help

[WannabeTrader]

For past few months I am trying to understand the stock market, wanting to become a trader. Just wanna get in and out after making between 5-10% every trade. I have only 3K plus margin and can invest another 30K.

I have been watching the movements in a particular stock for a long time and finally when I bought it went down same day, that kind of scared me. I finally waited for couple of days for it come back up so that I get my money out.

I wanted to know what am I suppose to know when buying or shorting? Here is what I follow so far:
If stock goes down for a 2-3 days then its a buy, because it might come back up.
I follow the earnings report, buy it after earnings are out (extended hours).
Avoid financials, airlines, auto when buying...only good for short
Gas refineries, solar, a buy if was down for past few days....
Try to catchup with breaking news, mergers etc.

But so far i am not able to get lucky, what am i doing wrong? Is there a particular time during the day to buy a stock? Where do I find information on stocks that might do good next day? What will be the best way to trade with 30K capital plus margin?

Any suggestions will be of great help...THANKS TO ALL

[wallstreetsedge]

the most important part to trading is to come up with an exit strategy first...
i have an ebook coming out in a couple of days which can shed some light

also check out my blogs here on otf.. i have quite a bit of info that might be able to help you out

[wallstreetsedge]

first, look for stocks above the 20sma and the 20 sma above the 200sma.
second, look for a big drop over the past 3+ days on big volume
third, use indicators to verify the trade... a lot of people like rsi, bollinger bands, cci, macd
fourth, create a plan for your stop loss
fifth, you can use the 5sma as your price tgt
sixth, find an entry point
seventh, stick to the plan like a machine!

[aiki14]

For past few months I am trying to understand the stock market, wanting to become a trader. Just wanna get in and out after making between 5-10% every trade. I have only 3K plus margin and can invest another 30K.

I have been watching the movements in a particular stock for a long time and finally when I bought it went down same day, that kind of scared me. I finally waited for couple of days for it come back up so that I get my money out.

I wanted to know what am I suppose to know when buying or shorting? Here is what I follow so far:
If stock goes down for a 2-3 days then its a buy, because it might come back up.
I follow the earnings report, buy it after earnings are out (extended hours).
Avoid financials, airlines, auto when buying...only good for short
Gas refineries, solar, a buy if was down for past few days....
Try to catchup with breaking news, mergers etc.

But so far i am not able to get lucky, what am i doing wrong? Is there a particular time during the day to buy a stock? Where do I find information on stocks that might do good next day? What will be the best way to trade with 30K capital plus margin?

Any suggestions will be of great help...THANKS TO ALL

This is gonna sound harsh, sorry.
Your questions indicate you are a long way from ready. They indicate a serious lack of sophistication or even a basic understanding. It may be that english is not your native language or you're simply over your head. As I have said before to others, you are going into a battle for monetary survival with folks who spend amazing amounts of time and money coming up with ways to take yours from you. For every winning trade there is a losing trade, it may be better for you to be an investor and let someone else manage your money (mutual fund) until you become ready.
It may also be the case that you will never be ready, most traders fail, and the competition is getting tougher all the time.

You want a suggestion, buy a couple mutual funds, and paper trade (simulated trading) until you can make money on a consistent basis.

If you or anybody else thinks this is too harsh, tough, just the facts of life. If you don't like it or disagree, let me thank you now for your donations.

[TheChartGuru]

This is gonna sound harsh, sorry.
Your questions indicate you are a long way from ready. They indicate a serious lack of sophistication or even a basic understanding. It may be that english is not your native language or you're simply over your head. As I have said before to others, you are going into a battle for monetary survival with folks who spend amazing amounts of time and money coming up with ways to take yours from you. For every winning trade there is a losing trade, it may be better for you to be an investor and let someone else manage your money (mutual fund) until you become ready.
It may also be the case that you will never be ready, most traders fail, and the competition is getting tougher all the time.

You want a suggestion, buy a couple mutual funds, and paper trade (simulated trading) until you can make money on a consistent basis.

If you or anybody else thinks this is too harsh, tough, just the facts of life. If you don't like it or disagree, let me thank you now for your donations.

I couldn't have said it better.
I wish profitable trading was as easy as buying and selling stocks during a particular time of day, or trading best of breed stocks and so on...With $3,000 I would just buy an ETF or two. I prefer them over mutual funds. Buy the QID. I expect the Nasdaq to drop at least another 200 points which will propell QID higher. The oil bubble will eventually pop, you can buy half a position($1,500) of DUG around $26-27 and the other have on a big pullback or breakout. Once DUG breaks out, oil goes under $90.

The Guru

[Supreona]

This is gonna sound harsh, sorry.
Your questions indicate you are a long way from ready. They indicate a serious lack of sophistication or even a basic understanding. It may be that english is not your native language or you're simply over your head. As I have said before to others, you are going into a battle for monetary survival with folks who spend amazing amounts of time and money coming up with ways to take yours from you. For every winning trade there is a losing trade, it may be better for you to be an investor and let someone else manage your money (mutual fund) until you become ready.
It may also be the case that you will never be ready, most traders fail, and the competition is getting tougher all the time.

You want a suggestion, buy a couple mutual funds, and paper trade (simulated trading) until you can make money on a consistent basis.

If you or anybody else thinks this is too harsh, tough, just the facts of life. If you don't like it or disagree, let me thank you now for your donations.

I was thinking the exact same thing, I think these new guys are looking for stock pick services more than they are looking to share ideas. They're basically screaming "make me rich!" when its way more complicated than that, and I wouldn't wanna make any of em rich in the first place. This forum has waaaayy to many scavengers and not enough contributors. This is a jungle filled with lions and hyenas...sometimes you have to make the kill yourself...learn how to hunt on your own or you will starve.

[smartinvestor30]

This is gonna sound harsh, sorry.
Your questions indicate you are a long way from ready. They indicate a serious lack of sophistication or even a basic understanding. It may be that english is not your native language or you're simply over your head. As I have said before to others, you are going into a battle for monetary survival with folks who spend amazing amounts of time and money coming up with ways to take yours from you. For every winning trade there is a losing trade, it may be better for you to be an investor and let someone else manage your money (mutual fund) until you become ready.
It may also be the case that you will never be ready, most traders fail, and the competition is getting tougher all the time.

You want a suggestion, buy a couple mutual funds, and paper trade (simulated trading) until you can make money on a consistent basis.

If you or anybody else thinks this is too harsh, tough, just the facts of life. If you don't like it or disagree, let me thank you now for your donations.

I didn't want to say this because I like when people are excited about trading but yeah I mean I was reading it and was like What? :confused2:

Equities investing is the most competitive market, some of the smartest, richest people are competing with you (some with virturally unlimited funds).

As Aiki said you have a long way to go, and if you are passionate about investing then you will take the time to learn everything you need to know. If you are not passionate about investing let someone who is manage your money.

Ken Hebner is a great money manager and has the CGM Focus Fund. Please consider this before you lose all your money

http://www.cgmfunds.com/

By the way Aiki is trying to help, most people will come in with that kind of money and trade it the way you said then it ends up in the accounts of people here.

[Jelly]

For past few months I am trying to understand the stock market, wanting to become a trader. Just wanna get in and out after making between 5-10% every trade. I have only 3K plus margin and can invest another 30K.


Any suggestions will be of great help...THANKS TO ALL

Way to jack these guys up Wannabe. There is a folder for those attempting to break into trading.

SEE:http://www.onlinetradersforum.com/forumdisplay.php?f=57

This folder here is for trading ideas and they talk a different language. One which is foreign to you.


Attempting to fit in without becoming known is like walking into my house as a stranger. It don't matter if you were gonna give me check for $1,000,000. I don't know that and you wouldn't be talking to explain it.

There is too much noise on the internet, desirable and undesirable, to have to waste time reading drivel in a high level folder. Info here should be targeted to the task at hand.

If you want to ********, come to the "Off Topic" folder.

* I think you're a disgruntled former poster with a new nic, yes? Good job.

Whatever

[Jelly]

Way to jack these guys up Wannabe. There is a folder for those attempting to break into trading.

SEE:http://www.onlinetradersforum.com/forumdisplay.php?f=57

This folder here is for trading ideas and they talk a different language. One which is foreign to you.


Attempting to fit in without becoming known is like walking into my house as a stranger. It don't matter if you were gonna give me check for $1,000,000. I don't know that and you wouldn't be talking to explain it.

There is too much noise on the internet, desirable and undesirable, to have to waste time reading drivel in a high level folder. Info here should be targeted to the task at hand.

If you want to ********, come to the "Off Topic" folder.

* I think you're a disgruntled former poster with a new nic, yes? Good job.

Whatever

Was that too harsh? Kind of like the bumper sticker about how am I driving.