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James_W
James_W Aug 31, 16 11:10 PM

Nice comeback! My biggest confusion is where to get the most useful (to us) news for a company. I can do a web search for a company that has big % gains and look at their website, press releases, etc. But it doesn't always seem to be helpful, or perhaps I don't know what to look for yet. So my question is what kind of news, if any, got you interested in this stock?

eatsleepprofit
eatsleepprofit Aug 31, 16 11:33 PM

What got me interested in it was the premarket activity the day it ran upward. I'm a momentum trader so I judge my trades off of volume, and the news accompanied. News isn't everything but it helps validate the price action, I use seekingalpha for research.

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Received 2 Karmas
eatsleepprofit
eatsleepprofit Aug 30, 16 10:25 AM

First tip I can give you is start paper trading, or simulated trading. Get a good feel for your brokers platform and at the same time develop your strategy to your needs and what you're comfortable with. When you start trading don't focus more on profits but rather the consistency and planning of trades. The money is a direct product of your knowledge, preparation and strategy so when you work on those first everything will fall into place.

James_W
James_W Aug 30, 16 8:11 PM

That's very solid advice, thanks! Honestly didn't expect anyone to read this. I'd appreciate any recommendations for simulated trading.

eatsleepprofit
eatsleepprofit Aug 30, 16 8:45 PM

I use ThinkOrSwim and they have an awesome paper trading platform. Gives you scanners, tons of metrics to prepare and plan trades

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