I started using the StockScouter method of stock picking in February 2007 and actively traded for a number of months. By Fall of '07 I got lazy and wasn't spending adequate time researching and placing trades. In November I cashed out quite a bit of my account to purchase a Mustang Cobra (not a great investment but much more fun than stock trading!). My overall results yielded a 15%+/- return for the year. Not bad considering I didn't come close to optimizing my results and I still beat many Wall Street fund managers with very little knowledge of the market!
I found out about StockScouter (SS) from a book called Swing Trading - Power Strategies to Cut Risk and Boost Profits by Jon D. Markman. SS was launched in June of 2001 by MSN Money to help investors pick stocks set to outperform the market over the next 6 months. SS ratings are based on a scale of 1-10. SS rates over 5,000 stocks and the ratings from 1-10 closely resemble a bell curve with only 161 stocks currently rated a 10. The current top-rated stocks can be found here. By clicking on a stock you can find more detailed SS ratings and the justification behind the ratings. A letter grade is given to each of the following categories: Fundamental, Ownership, Valuation, Technical. There's also a box that shows the current market preference for this company. This is very important for swing trading. All of this information takes some time to review but is very helpful in deciding which stocks to pick. This tool is great for both amateur and experienced traders.
SS is a FREE service. Yes, you heard me right - it's free! If you don't currently have a broker, check out Lowtrades. All equity trades are $4.95. There's no bells and whistles such as market research, but you can't beat the price and the service has been great.
Speaking of stock trading I will begin to test a new opportunity next week. The product is called Doubling Stocks and claims to have proprietary software that picks stocks that claim to average 105% return. Two picks are emailed in a weekly newsletter. The cost is only a $47 one-time payment (refundable) so I thought I'd check it out. I get my first newsletter tomorrow and will place some small dollar trades in my live trading account (as is my style). Check back for the results.
Best,
Craig
Posts
4 comments:
I have heard nothing but bad about doublingstocks. I have heard that it's just another pump and dump company. I haven't signed up, but I do get the one free pick of the week, and they have all plunged a coulple of days after. As far as the scouter I will try that out and was not aware of the broker lowtrades, so great job on this blog!!
P.S. I purchased FAPS and also highly recommend it for beginning Forex traders like myself
Thanks for your comment A.
If you read my last comment under the doublingstocks post you'll see that I too believe this is a pump and dump scheme.
Scouter is a great tool for stock selection and the best part is that it's free!
شيخة اماراتية تبدأ فى الظهور من جديد وتحضر حفل خيرى
http://www.neewslive.com/news.php?action=show&id=4459
FYI all the links except to LowTrades are broken as of May, 2014. Dunno if you want to fix up an old post or not.
Post a Comment