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3 Day Hammer Stocks
I use computer generated
stock screens. Most of the traders I know use stock screens. But, most
of the screens that I rely on are end of day screens. I generate the
stock lists, study them in the evening and then plan my approach for
the next day. Below I will give you stock screens that I use
every day to make money. Several of my screens are available only to
Stock Alert subscribers. For the Stock Alert subscribers, I do the
screening and pick the best candidate stocks. All that is left to you
is to place the order with your broker. If you which to subscribe,
just Click on this Link for
Usually, I start
screening about 5P.M., after the market has settled down and final
prices are available. After getting the stock lists together, I check
the stock charts. Sometimes the lists have hundreds of stocks to
peruse and sometimes none. Sometimes the majority of the lists are for
going long and other times all the stocks are just short picks. Just
knowing the potential number of candidates in one direction or the
other gives me a bias for going long or short. I never let my
personal opinion of the markets direction interfere with the selection
of day and swing trades.
When day or swing
trading, you need use strict money management rules. As far as I am
concerned, there is only one "Commandment" in trading. Discipline.
That's it. You can read a dozen books on trading and they all have a
dozens of rules. Use discipline and follow some basic rules. If you
follow them, give yourself time to learn, success is yours.
Here's everything you
need to be successful at trading:
Which stocks to buy or
Price to buy or short
Price to sell or close
The number of shares
The number of maximum
Latter, I am going to
share some of the screens that we use at ARBTrading.
Where possible I have included a link to Microsoft's Stock Screener so
that you can do the work at home.
Experience is something
you have to get on your own. Either it is done by studying from your
mistakes or following someone else's trades. I did both and recommend
this for most new and intermediate traders. Try out
Stock Alert for a
month and either paper trade my recommendation until you get more
confidence or trade along with me.