Fairly new to the game so i hope my questions aren't too silly.
I am trying to come up with a trading strategy i have read quite a bit of material over the last 5 months.
What do i want:
Initally i wanted to Buy and Hold (Somehow i don't think this is a prudent stategy unless only looking at bluechips like banks etc even that there are no guarantees.
Then i thought well its ok to have capital growth but how do i service a loan unless there is income.
This then led me to various areas ex dividend play/options/etc
What i think i would like is to buy low and sell high creating profit for income rather than dividends as you need alot of shares to make a reasonable income.
This leads me to indicators i am trying to establish a KISS strategy and work out which indicators will give the better long term results.
I have read that people scan the whole market to establish which companies to view in line with their own criteria.
I work part time so i have some time on my hands.
How is it best to set this up and what should i be looking at?
Much appreciate any replies.