Tuesday, May 26, 2015

How to pick stocks fundamentally?

Stock market is crazy sometimes. You invested in stocks for a long time and you didn’t get a penny from  your stocks. Instead it blew up your account; stop the behavior of making losses.  Try to cut the losses and make it to be minimum. I have already discussed how to pick the right stocks technically for investing for a period of three months to seven months. Most people don’t invest for years, these days. And individual investing plan may differ, this is an universal factor.  Don’t worry about the time period of investing and be dynamic with the time periods for investing. There could be some set of rules to follow, to pick your stocks on fundamental basis.  In the below steps , you will find have to pick stocks which are strong in fundamentals.

When you want to look at the fundamentals of the stock, it is better to look at the EPS and P/E  and also quarter results.  Jan to mar is 4th quarter, apr to june is 1st quarter, july to sep is 2nd and oct to dec is 3rd quarter. If there is an increase in the profits, it is good to keep that stock on radar. In first quarter the profits would be 3 crore but in the 2nd quarter the profits would be 27 crore. The profits are increased by 9 times and better look at this stock.

Look out for the P/E ratio, the less ratio is much better.  If the Profits per share to the earnings per share is less than 25. You keep the stock in radar.  These are the two fundamental principles to look in the stock.  You must look for the right stock which is breaking the year high and having this two criterias. Look out for this opportunity, I used to trade stocks using this method.  But it doesn’t end our talk on fundamentals of stock picking ….





Saturday, May 2, 2015

How to use Jstock for intraday trading using Google Finance


In this post, I would like to help how to paper trade using jstock stocks scanner. This is an easy , free online software for paper trading NSE and BSE stocks. You can now look for stocks to paper trade, you can get an idea how trading works.

Follow the link to download the software  from this location (http://jstock.org/download.html) , I love to use the windows version and very impressive when it comes to paper trading. I use it to track stocks easily or paper trade daily using this amazing software.  It also comes with an android version, I am not sure of how it works!!  I will review it during some other time. But for now, lets look at the Jstock stock screener or scanner for the PC windows version.

You need have to the latest version of java installed I guess, because it runs on java platform.  After you have installed and started by double clicking. You could different tabs horizontally on the top. Close the country accordingly  depending on your need ( in my case, it is india  and I have selected the same from the country tab)
I could see the sensex and nifty values from the top menu.  Next step is to move to the options tab and choose network from the option. Select google finance option from the network option, which helps you pull the data from google finance. It is free and real time ( you get data in realtime  and very helpful in tracking the stock prices for longterm and in intraday )


How to watch stocks?

You will have some favorite stocks to buy or sell. You can add it through the stock watchlist option this helps you add or remove the stocks which ever you wanted to. You can simply add the stocks here. You could see the stocks listed here below from the search tab. ( there is tab close to the stock ) .provide the symbol there and start to add the stocks in the list.  You can set alerts of the stocks in the watchlist. This would help you if the stock breaks the high or drops below a low price.

How to add it to the portfolio?

Jstock has a sample portfolio to add stocks and track the profits or loss. This would help you track your balance of the amount you have.  This gives you an general idea and can be easy when times you don’t have a trading terminal to track live prices


How to scan stocks?

traders can now scan for stocks in realtime. Like day's high , day's low , Macd crossover, bollinger band crossover, stochastics, RSI and much more. In next post , I will explain step by step to make profitable trades using simple indicators. but for now, stick to the basics.

Summary


Jstock stocks scanner is a very useful software for the day trader and easily to understand . it is designed to help trader by keeping simplicity in mind .Learn how to create your own Jstock formula to pick stocks for swing trade

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