Dear Toni S. Tarigan,Stock Trading is an activities of buying and selling stocks on the listed stock exchanges in Toronto TSE and New York (NYSE and NASDAQ). Each day, hundreds of billions of dollars change hands on the major United States securities exchanges.
To buy and sell stocks you need the service of brokerage firms. Stock trading is now mostly done online without ever going to the trading floors. But first you need to join an online brokerage trading company. Many of them are available on the internet websites, such as Ameritrade, Scottrade, DisnatDirect and many others.
I have been doing stock trading for a number of years now with limited success. You need to know what stocks to buy, and when to buy and sell. Timing is very critical, that is the make and break of profit and loss. There are two main approaches to buying and selling stocks: technical analysis and fundamental analysis. You can get all the informations about these analysis online free. You need to have in depth study on the two analysis above to have a chance of success in stock trading, and I mean a hell of a lot of study.
But I like to use the "stock screener" technique which is available at many websites to find the best stocks to suit my investment strategy. Basically it is a software provided by the individual website provider, that employs the many criteria from the two analysis above. It is just a matter of inserting what criteria do you want to meet from the tens of thousands of stocks available at the TSE, NYSE and NASDAQ. A more complex software can be purchased ostensibly for better results of success in online trading. It allows investors to apply the identical stock selection process, time after time, that focus only on the most important variables. This is discipline at its best. This is a time saver, no doubt. It can analyze thousands of stocks in seconds.
According to statistics that most investors are under performing the market. That's right, losing money, some of them losing big time. So they try different ways of stock trading, and different strategies. Many investors including professionals are now using more sophisticated software stock screening tool, that can be very expensive. And allow it to automatically do the stock tradings for them. It forces investors to buy and sell stocks without emotion and with discipline, which is very important, and focusing on the factors that matter using the exact same selection process every single time. On paper this technique should be superior, but statistically still need to be verified. The problem is that everybody using that software will buy and a sell a stock at the same instant. So if you see a stock price moving up or down very fast, this can be due to the works of the automatic software online traders, that all at the same time trigger a buy or a sell orders.
But I still want to do it by myself. Because many times after the sell-off the stock is back to its original price.
But I still want to do it by myself. Because many times after the sell-off the stock is back to its original price.
I traded mostly Canadian stocks that are listed on TSE, NYSE and NASDAQ. And also some United States stocks. Here are some of the stocks that I traded: ADCT, AMAT, ELX, FWLT, GRMN, KGC, MCHP, RIMM, RVBD, TLM and many others, but mostly technology stocks.
Photo: The New York stock exchange NYSE, at Wall Street. The NYSE used to be at the TWIN TOWER that was destroyed during "911".
