some more comments:
here is a great "quick evaluation for your stock".. only 3 requests per day:
vectorvest.com
not perfect, but easy to get an opinoin
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key to learning:
1) Follow a "guru" around and learn from him.. Doug on the 56ers thread and Sparky and LizardKing on the Swamp thread and Sparky's corner are good examples. Some won't tell you much on what they "use",, but good stuff if you use your "own" indicators and follow their analysis
2) keep reading.. magazines, books, TA threads
3) sit down 1 hr and look over charts.. for a glance, it takes me 2-3 mintutes to assess the overall chart. then i maybe spend one hour if i want to buy.. that one hour would cover everything: mkt direction to see if mkt would help your stock, support/resistance, exit plan, price targeting, review some fundamentals, check if earings/news coming out soon, etc,etc..
just some basic comments..
Basically, knowing how to read a chart is great but not everything.. harder for me has been:
to trade:
1) smartly with clever buy stops, sell stops
2) low risk methods..
3) control of emotions and objectivity.
trading is a complete package.. im far from it, but learning something new to apply to myself every day..
goota go study |
