Skip to main content

How to find the best stocks in the market?

How to find the trend is the biggest question of the stock market and most stock analytics are trying to find the best stocks to invest.  It may not be easy to find the right stock but however if you can find the trend and top stocks under the market conditions, then you are rich.  Every day one of the sector becomes the top sector and remains in green for a long time and one stock in the top sector performs well the next day.

It is necessary to learn about the stock market patterns or the chart patterns to analyses the stock market better. Charts are used in daily life by top stock analysts and volume remains the most important factor to consider when it coming to trading. When you have the buying volume and selling volume along with the stock trends, then you are correct 75% times.  It is the intuition in picking the stocks that is more necessary and it will be developed after paper trading.
Daily you can take the print out of the chart patterns which are in candlestick patterns. I will explain about candlesticks patterns in another blog post.  But for now we stick to the chart patterns, chart patterns are simple and easy to learn patterns. These are chart patterns made by every stock and how to we read them is the end result. I can suggest a book for you to understand the stock patterns or chart patterns clearly.

Stikky charts


“Stikky charts” is one book that impressed me. You can read this book in quick time and after reading this book you will never see charts the same way. This helps to manipulate any chart and guide you from learning about buy or sell.  You will make clear decisions in buying or selling the stock.  Without charts there are no stock markets and every time you turn on the TV or watch the news, you hear a lot about charts and stock figures. With clear examples and clear ideas it makes easy to understand the chart patterns.  You get an idea about double bottom or double top, head and shoulder pattern and much more. Most importantly the book comes with real world examples and ideas to help your stock knowledge .This are the best book on stock markets to start with and must have. 


 

The trading methodologies of W.D. Gann



This is the important book that I would suggest to anyone who wants to learn stock markets from the basics. W.d.gann had given the number theory than no one else before. The stock market is full of numbers and he has propounded a theory called the Gann theory to analyze the markets better and made extra ordinary results. This theory holds good even now after 50 to 60 years after his finding.  The author clearly explains the best examples and written in simple manner even for a layman to understand. You can buy this book through the link given. 

Comments

Popular posts from this blog

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…

JSTOCK STOCKS SCANNER

JSTOCK is a free stocks scanner, you can scan for 23 countries. Based on different criteria the search can be done.rsi buy and sell,macd buy and sell,uptrend stocks and downtrend stocks,cci buy and sell stocks.It has an Jdraw component installed and you can draw and make your own calculations.


You can do eod calculation search and realtime search ,but realtime search is little delayed due to the yahoo finance server delay.Anyways it is always worth for this application.you can export your calculations into a zip archive and you can use it again.

It includes the new cloud computing feature , you can use it in your home or office. It stores several informations for the application.you can also include your gmail id and receive email alerts or sms alerts to your mobile phone,which no one offers for free.

Check out my favorite stocks scanner code made using Jdraw which is used by many traders to make 10 percent income from stocks. Find the best formula to pick stocks in day trade and in …

Resistance and Support Afl amibroker

After months of hardwork, I was able to find this  code, You can use it to find the Resistance and Support of any timeframe in Ambroker. This can be used in weekly timeframes to pick weekly stocks for short term trading.  These levels are also called as the demand and supply zones. I will update in another post about how to pick stocks for weekly timeframes using this amibroker formula.

thanks for reading : )

thanks to original creator of this afl : )



_SECTION_BEGIN("Price");
SetChartOptions(0,chartShowArrows|chartShowDates);
_N(Title = StrFormat("{{NAME}} - {{INTERVAL}} {{DATE}} Open %g, Hi %g, Lo %g, Close %g (%.1f%%) {{VALUES}}", O, H, L, C, SelectedValue( ROC( C, 1 ) ) ));
Plot( C, "Close", ParamColor("Color", colorDefault ), styleNoTitle | ParamStyle("Style") | GetPriceStyle() );
#pragma nocache
// Commentry output ....
EnableTextOutput(False);
AudioAlert = ParamToggle("Audio Alert", "On|Off");
Print_SR = Para…