Mid-term lurker, first-time poster. Trying to suck as much wisdom out of this site as I can (hopefully not sucking up any crap with it... what am I saying, this site is 100% crap-free! ) and put together some sort of trading system I can start to play around (testing-wise for the time being). The first step that I've got is to compare sector performance - that is, to find the best performing sector (or two) within in the last 1-3 months and pick stocks from those indices. The logic behind this is that you'll have a better chance finding better-performing stocks in better-performing sectors. While that seems to make sense to me, being a complete market newbie the facts of the matter may be different - hence my questioning if this is a valid step?
Hopefully this will be the first of many questions I have for the collective experience and knowledget that is ASF... thanks for the helping hand!