Wanted - Experienced traders confident to provide coaching to newbie traders like me.
Well I say I am a newbie "trader" actually I have never had the mind to actually sell anything that I have bought and "take the profits" or maybe more importantly "cut my losses". If I had I would probably be up about now
After reading book after book, article after article and spending time trying avoid the lure of buying trading system scams and forums offering stock tips I am still stuck. I have picked a few stocks in the past based on the industry that's mortgage Technology so I now how to buy stocks but my problem is I have no idea how to find a stocks and even worse how to research promising stocks to identify how promising and therefore allow me to calculate the risk.
So my questions to you knowledgeable experts.
Q1: What are your top 3 tips and techniques for finding potential Stocks?
Q2: What are your top 3 tips and techniques for researching stocks you have find to decide how promising?
Q3: What are your top 3 things you do once you have found a promising stock?
Q4: What are your top 3 tips for tools needed for managing trades, spreadsheets, journals, etc and if so what do you use?
If you feel that tip 4 & 5 exists then please share......
I hope that this time next year I can catch up with the old me and provide my own top 3 tips from a winning position.
All tips will be treated like a gift and used wisely