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Main things to look at for buying

post #1 of 26
Thread Starter 
I have about 20,000 dollars in stocks,I am not sure how to research how to buy can someone give me the main things to look for on buying a stock. Also can you give me a site for live level 2 quotes. any help would be a huge help.
post #2 of 26
Everything you asked is covered in the "Education" section.
post #3 of 26
Quote:
Originally Posted by ysld7 View Post
I have about 20,000 dollars in stocks,I am not sure how to research how to buy can someone give me the main things to look for on buying a stock. Also can you give me a site for live level 2 quotes. any help would be a huge help.
What stocks do you have, and why/when did you buy them?
post #4 of 26
Quote:
Originally Posted by ysld7 View Post
I have about 20,000 dollars in stocks,I am not sure how to research how to buy can someone give me the main things to look for on buying a stock. Also can you give me a site for live level 2 quotes. any help would be a huge help.

use a screener such as http://stockcharts.com/def/servlet/SC.scan to discover new opportunities
post #5 of 26
Quote:
Originally Posted by ysld7 View Post
I have about 20,000 dollars in stocks,I am not sure how to research how to buy can someone give me the main things to look for on buying a stock. Also can you give me a site for live level 2 quotes. any help would be a huge help.
depends on what you are doing...trading? investing? etc...also depends on what kind of stocks/companies you wanna play
post #6 of 26
why dont u just google level 2 quotes? theres etrade. ameritrade. most brokers got em. and theres other services out there as well.

and do u have 20k in stocks already? or u just mean u have the cash...i think u just have cash cuz u are asking what to buy.

i look for solid fundamentals, growth, future opportunities and the micro/macro perspective when pickin my stocks.

chime back in OP. this is a great place to find help.
post #7 of 26
Quote:
Originally Posted by AlejandroDinero View Post
use a screener such as http://stockcharts.com/def/servlet/SC.scan to discover new opportunities
when looking at indicators on Stock Scan (website above), which indicator(s) do you think is/are the most important to look at? and maybe let me know which ones you think are not relevant when buying a stock.
post #8 of 26
this dude has $20k in stocks and is wondering what main things to look for buying them?
post #9 of 26
Quote:
Originally Posted by Stock King View Post
this dude has $20k in stocks and is wondering what main things to look for buying them?

He's learning by doing :-)
post #10 of 26
Quote:
Originally Posted by doob_2002 View Post
when looking at indicators on Stock Scan (website above), which indicator(s) do you think is/are the most important to look at? and maybe let me know which ones you think are not relevant when buying a stock.

they are all good, you have to find your own flavour... try different ones and see which one fits your trading style and strategy.
post #11 of 26
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post #12 of 26
Quote:
Originally Posted by Rbreb13 View Post
Everything you asked is covered in the "Education" section.
Thats true..
post #13 of 26
Quote:
Originally Posted by Stock King View Post
this dude has $20k in stocks and is wondering what main things to look for buying them?
i jumped in with 25k in the beginning and upped the stakes at 67k this year with no experience in stocks....so don't think people will shy away just because they have no expereience.
post #14 of 26
Quote:
Originally Posted by kevin1612 View Post
depends on what you are doing...trading? investing? etc...also depends on what kind of stocks/companies you wanna play
What Kevin said. If you are just buying and selling in a few hours or days, don't really matter what you buy since you are not holding long term. Buy and hold is different. Long term buying you want positive EPS, lower P/E, and increasing earnings. EPS is most important IMHO. Negative eps means company is not profitable.
post #15 of 26
Thread Starter 
Trader,Holding for hrs,days,weeks and months,I have 20k cash haven't bought anything. How does the Macd line and the OBV line work? I know you have roofs and floors,You can see if the stock keeps bouncing off a price and going down and doesn't break threw that means its the roof and if it breaks threw its strong uptrend. Floor same idea, I also know you look at the volume and if its an uptrend and the volume is high its a strong uptrend but dont buy near the roof because itd prob not going to break threw. i think i could get a good gauge to buy from the OBV line,macdline,volume,floors,roofs and trends. if someone can explain the OBV line and the Macd line to me that would be a great help
post #16 of 26
Quote:
Originally Posted by ysld7 View Post
Trader,Holding for hrs,days,weeks and months,I have 20k cash haven't bought anything. How does the Macd line and the OBV line work? I know you have roofs and floors,You can see if the stock keeps bouncing off a price and going down and doesn't break threw that means its the roof and if it breaks threw its strong uptrend. Floor same idea, I also know you look at the volume and if its an uptrend and the volume is high its a strong uptrend but dont buy near the roof because itd prob not going to break threw. i think i could get a good gauge to buy from the OBV line,macdline,volume,floors,roofs and trends. if someone can explain the OBV line and the Macd line to me that would be a great help
MACD:

http://www.informedtrades.com/3925-m...-part-2-a.html

OBV:

http://www.youtube.com/watch?v=sGHrOBRHIJ4
post #17 of 26
Quote:
Originally Posted by doob_2002 View Post
when looking at indicators on Stock Scan (website above), which indicator(s) do you think is/are the most important to look at? and maybe let me know which ones you think are not relevant when buying a stock.
No offense, but you need to change your mindset ASAP. Every indicator is great and ever indicator sucks, it all depends on the trader and how they use them. There is no one way to trade or invest, and those two things are entirely different. You are essentially on a journey to discover what works for you, and it's going to take a while. I'll give you two examples of some of the extremes, and then there's everything in between that you'll have to find out for yourself.

Darth Vader Trader is a scalper. He trades off of a 1 minute chart, and on average holds for less than 5 minutes for each of his trades. He uses charts, aka technical analysis to determine his setups, entries, and exits. He sometimes makes 100 or more trades in a day.

Then theres:

Investor Chester buys stocks in companies that have been around for a long time, are extremely solid, and pay dividends. He doesn't read charts, he reads balance sheets, and that's what he bases his investments on. He has no use for indicators, since he doesn't follow intraday or intraweek trends. He may check his stocks every month or so, but he's not looking to buy the lows and sell the dips, he's just buying and holding til retirement.

You're probably going to fall somewhere in between all those, so before you go asking all these questions that are way too vague to be helpful to you, first figure out the basics.
post #18 of 26
Read the education section here, and here's a site that will break down the indicators.

http://stockcharts.com/school/doku.php?id=chart_school
post #19 of 26
Quote:
Originally Posted by simonyadig View Post
No offense, but you need to change your mindset ASAP. Every indicator is great and ever indicator sucks, it all depends on the trader and how they use them. There is no one way to trade or invest, and those two things are entirely different. You are essentially on a journey to discover what works for you, and it's going to take a while. I'll give you two examples of some of the extremes, and then there's everything in between that you'll have to find out for yourself.

Darth Vader Trader is a scalper. He trades off of a 1 minute chart, and on average holds for less than 5 minutes for each of his trades. He uses charts, aka technical analysis to determine his setups, entries, and exits. He sometimes makes 100 or more trades in a day.

Then theres:

Investor Chester buys stocks in companies that have been around for a long time, are extremely solid, and pay dividends. He doesn't read charts, he reads balance sheets, and that's what he bases his investments on. He has no use for indicators, since he doesn't follow intraday or intraweek trends. He may check his stocks every month or so, but he's not looking to buy the lows and sell the dips, he's just buying and holding til retirement.

You're probably going to fall somewhere in between all those, so before you go asking all these questions that are way too vague to be helpful to you, first figure out the basics.
Great analogy, sums it up pretty well. Most people on here are some variation of a Darth Vader Trader.
post #20 of 26
Thread Starter 
Can someone explain the OBV line to me,I just looked up the Macd line but the OBV line is sort of confusing. Also if you are a trader which chart is the best 2 look at? Like the time table should I look at 1 month charts? I believe a buy signal on a 1 month chart is a lot stronger then a 1 min chart correct? So the longer the chart is the stronger the signals are?
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