I recently discovered The Trade Risk. Their weekend stock market recap comments on technical aspects of charts to evaluate the general market and industry sectors. Continue reading “Scouring for Leading Stocks”
Oh, the title is cheesy. I know. Almost a reason not to buy the book.
I’m slowly getting into biotech stocks. To get started, I looked at charts of cheap stocks, generally below $10, to see how they trade.
I first heard about Adam Grimes on Chat with Traders. He struck me as somebody who has put a gigantic amount of research into his study of technical trading.
The amazing thing is that he teaches at least some of his insights in a free online course. Yeah, I hear you… yet another free course by some salesy trader. But no, it’s not!
Due to two disappointing trades recently I started thinking more about exits and returns. Are 3% or 4% a good return per trade? Should I aim higher, risk having to stay in a trade for longer and potentially suffer through a temporary downturn or eventual loss? What is the effect of trading fees on my returns?
Starting out I thought I’d need to create a brand-new list of tickers for every trading day because I was mainly looking into day trading at the time. Listening to the Chat with Traders podcast offered me a new idea. Quite a few traders there seemed to focus on just a few stocks. How many “a few” actually means differs from person to person. However, the idea appealed to me.