Just interested in how other people handle fundamental trades.
Basically, my method of trading is as follows:
1. Stock is suggested. Could be a broker report, could be on chat forum.
2. I do as much research as possible - potential market, directors competence, potential resources...(SP trend).
3. Now this is the CRUX of the matter. I make a decission. NOW. I buy the bloody thing or I sell the bloody thing. No dicking around trying to finesse an entry or exit.
I am extremely frustrated by my two brokers (different firms and accounts) who try to save a few hundred bucks by placing the order a little away from the market action.
What I find is that a 'natural selection' process occurs. Arguably, it is roughly 50/50 whether a stock will move up or down. You only buy (sell) the stocks that start going down (up) and so are selecting to buy the stocks that start going down or sell the stock that are start moving up.
I have recently missed out on 2 very good trades (>50%) because of this and am stuck with 4 trades that are doing nothing.
From now on, they will be using my method, and buying at market (assuming sufficient liquidity).