Your Questions About How To Pick Stocks

Donna asks…

What is a measure or indicator of INTRA-day volatility? ?

Is there something that tells you how much a stock changes in a DAY?

I know about beta, but beta is not intraday. I want to pick stocks that go up and down like mad within a day. Is there such measure or indicator out there?

John answers:

You could easily builld your own.

How about (High – Low) / Close ?

Do it daily for whatever period you have data for.

Mark asks…

With an IRA can I pick the stock?

I need an IRA. I want to focus and oversee the market and make my own stock picks. Will this be and option and how do I go about setting it up?

John answers:

You can even day trade in an IRA if you want to.
You can buy stocks, bonds, treasury notes, cd’s, even mortgage backed securities.
Go with a good company – you get what you pay for.
Consider Charles Schwab or Fidelity Investments.
Stay away from advisors if you want to do your own thing.
They are there to sell you expensive insurance, mutual funds, and annuities.
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Carol asks…

can someone help me find the mathmatical equation for investing and picking the right stocks?

how do u pick the stock and if u want to be a daytrader when do u sell the stocks? i soo confuse. #$(

John answers:

No. If you’re confused, send me your money and I’ll take care of it for you.. Or, you can start by taking a course in investing or joining an investment club.

Betty asks…

I tried to offer my stock pick for monday.?

Which was ETWCW but ebery one seems to be against it so how about some suggestions what penny stocks would you pick for monday so i can compare.

John answers:

How about NONE! Sorry but trading penny stocks is almost like playing the lottery. 1 in a million wins.
Start learning the basics of fundamentals and technical analysis so you will be more informed in your investments. You can find all the basic info you need to learn on websites for free.
This site should give you a good start.
Http://finance.yahoo.com/education

If your current/future employer offers an employee 401k plan. Invest up to the matching % of your employers contribution. If plan offers an election to invest in a money market fund you may want to invest in it until you learn more. Next invest in a Roth IRA up to the max allowed(yearly). If you then have more money to invest, go back to your 401k plan and invest the max allowed(yearly). So after you do all the above and want to invest more you should be able to decide how. Only invest money that you can afford to lose. Making some quick money is nice but if you lose it, it gets right ugly.

You may also think about ETF’s instead of mutual funds, stocks. And options.
Http://finance.yahoo.com/etf

Try what you learn on demo sites. They can be a very fun but educational way to learn from mistakes. If you pick 75% right with play money then you might be ready to start slowly investing.
Http://simulator.investopedia.com/
http://simulator.zacks.com/
http://www.fxcm.com/open-free-100k.jsp
http://www.alpari-idc.com/en/metatrader4…
Or just google for more.

I use Lightning Strikes Trading System for trading in any time frame and it works on forex, stocks, bonds, etf’s, mutual funds, etc… They have 3 free training sessions a week and you don’t have to buy the software to join in the live chat and text. You can even watch some recorded past live sessions. Here are some past charts that I used.
Http://f1.grp.yahoofs.com/v1/MB16R0zjjaZ…
Http://f1.grp.yahoofs.com/v1/MB16RxjOUQt…
There are 7 indicators (2 short, 2 medium, and 3 long term) and if volume is reported another one is added (on balance volume). Plus whatever time-frame is used the 2 green horizontal lines are the support and resistance for that time frame. So when indicators are all touching the bottom price is at or very, very near support. At top is at or very, very near resistance. Which helps my entry/exits and risk/reward ratio.
Http://f1.grp.yahoofs.com/v1/MB16R9Wv-wt…
Http://f1.grp.yahoofs.com/v1/MB16R9wSKdV…
Http://f1.grp.yahoofs.com/v1/QCt6R2fYIj6…
Http://f1.grp.yahoofs.com/v1/QCt6R3R0VQe…
If you can not view charts above I can email them.

Here are my favorite sites.

Http://stockcharts.com/
Has basically all you need from fundamental to technical terms. Plus stock screens, charts, public chart lists, and much more useful info.

Https://www.fidelity.com/
Has good learning resources.

Http://moneycentral.msn.com/home.asp
In addition to yahoo finance.

Http://www.reuters.com/
For news and more.

Http://www.marketwatch.com/default.aspx
For news and more.

Http://www.valueprime.com/index.php
For rating stock risk/reward ratio and reports.

Http://www.barchart.com/
For investing in more than stocks.

Http://www.investopedia.com/
For more great learning tools.

Http://www.lightninglive.com/
For best software timing your entry/exits any time frame for day traders and long term investors.

Others worth exploring.
Http://www.equis.com/
http://www.stockta.com/
http://www.secform4.com/

Best Wishes,
Burt Whitley

Richard asks…

how can i invest my “$100,000” in stocks on yahoo for a finance class? where do i begin?

I have picked my stocks and need to track them daily. Is there a format I can use? Will it automatically do it daily or do I need to manually input my data?

John answers:

You CAN do it on yahoo/finance…look for ” portfolio” and under that heading there are instructions for ” creating transactions, etc”…it really doesn’t seem easy at first, but once you get the hang of it…it’s a breeze.
You can also create a $ 100,000. Portfolio on another site: http://top10traders.com
A real nice ” tool” for investing and comparing…
Both of the sites will track your investments ( about a 20 minute delay) all day…
Soooo, you are on your way…good luck!

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