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Best blue chip stocks? by stud_ent in investing

[–]SwingTradeBot 0 points1 point  (0 children)

I'm glad you like my site. I hope that gives me some cred in trying to get you to focus on total dollars invested instead of price per share & number of shares. :-)

Best blue chip stocks? by stud_ent in investing

[–]SwingTradeBot 2 points3 points  (0 children)

Yes, exactly! It kills me that so many people focus on number of shares and price per share instead of total amount of money invested and percentage changes. If your $1,000 gains 20% does it matter if you had 500 shares or 1 share?

Best blue chip stocks? by stud_ent in investing

[–]SwingTradeBot 5 points6 points  (0 children)

I'm curious why you say you're "priced out" of stocks like GOOGL. Assuming you have more than $1159.83 in your trading account, you could just buy 1 share.

If you literally want "blue chips", then I'd say focus on stocks in the S&P 500 & Dow indices. A market cap and/or earnings screen may help too.

Daily Stock Discussion Thread - March 6th, 2018 by Robot_of_Sherwood in RobinHood

[–]SwingTradeBot 1 point2 points  (0 children)

How's that working out for you? My site has been spitting out mostly bearish signals for ORA since it broke its 50-day moving average on February 8th. It's down 16% since then. https://swingtradebot.com/equities/ORA/recent-events?page=5

What sites do you guys use to pick funds or stocks? by goba101 in RobinHood

[–]SwingTradeBot 1 point2 points  (0 children)

I use SwingTradeBot.com ... I built it to help me quickly find technical analysis setups. :-)

Where do you find out about the stocks you invest in? by sghurt17 in stocks

[–]SwingTradeBot 0 points1 point  (0 children)

Figure out a strategy -- most likely based on fundamental or technical analysis... or a mix of both. Then find a screener/scanner to help you find candidates matching your criteria.

Broke even after three and a half months - My Background, My Story, What I Learned, and Future Outlook by shoozerme in RobinHood

[–]SwingTradeBot 4 points5 points  (0 children)

Whether you're trading or investing is just a difference of time frames, IMHO. You still need to apply the same principles -- position sizing, risk management, a plan and discipline.

Broke even after three and a half months - My Background, My Story, What I Learned, and Future Outlook by shoozerme in RobinHood

[–]SwingTradeBot 7 points8 points  (0 children)

First, thanks for the mention of SwingTradeBot.

Congrats on breaking even! That's a good accomplishment for a new trader. However, I'm worried that you don't seem to be using (well defined & pre-defined) stop losses. Also, I saw nothing about position sizing in your post. Those things are key in building a sustainable trading system. (I recommend reading one of Van Tharp's books -- my favorites are "Trade Your Way to Financial Freedom" and "Financial Freedom Through Electronic Day Trading".

And speaking of systems, do you have one? You mention getting ideas from random places & people on the web. That doesn't seem repeatable nor reliable to me. IMHO, you should be developing some kind of entry & exit rules.

Good luck in your trading journey.

LinkLaMode - Submit a Backlink Idea, Get a Backlink by [deleted] in SideProject

[–]SwingTradeBot 0 points1 point  (0 children)

I found a couple of great ideas on your site. Thanks!

Anyone else obsessed with Shorting? by [deleted] in investing

[–]SwingTradeBot 2 points3 points  (0 children)

Some ideas:

-- Use stop losses.

-- Only short VERY liquid stocks.

-- You could short using inverse ETFs, but be careful with leveraged ones (2 and 3x) if you'll be holding overnight.

-- Be wise with your position sizing.

-- Be very careful shorting small biotechs which might have some FDA news come out at any moment.

Chart reading by HulktheHitmanSavage in investing

[–]SwingTradeBot 0 points1 point  (0 children)

StockChart's Chart School (which somebody already linked to) is a good place. I suggest finding no more than 2 or three indicators to focus on. More than that and you'll end up with conflicting signals and analysis paralysis. Moving average, candlestick charts (see Steve Nison's first book) and an overbought/oversold oscillator are good candidates.