I am very interested in being a full time trader in the stock market, and hopefully achieve financial success. I came across this on the internet and wanted to ask the reddit community if it is safe to implement it or is it just a bad strategy/scam? Thank you
There it goes:
The very basics you should learn are understanding financial statements, knowing how to trade and learning to read candle stick patterns. there are some ground rules which you have to be very strict with: • always buy when others are fearful and the investment is low historically • always sell when others are greedy and the investment is at par value or historic highs Remember: to make money in stocks you just need to buy in demand companies to become filthy rich with stocks you need to buy companies and stocks which will expereience accelerating demand in the future. the main tools for stock picking are stock screeners and the daily percentage gainers & losers. You search for companies and opportunities in growth industries. Then you ask yourself: • will there be demand for the product and stock in the future? • Will there be increased demand for the stock in the future these are the two most important questions. Nothing is more important than that. Once you found some companies you start comparing their financial statements. http://ift.tt/zMh2FY is very good for that. Compare the companies in the same industry and find the ones with the highest gross margins and lowest Price to Sales ratios. Here some really important things to do: • always compare company in the same industry • avoid low gross margin and margin industries • try to go with the stock which has the lowest price to sales ratio of that group if it has improving financials • always buy stocks when they have fallen not when they went up unless you think there will be extreme demand for the stock and their products in the future
Submitted March 28, 2017 at 08:14PM by ofVic http://ift.tt/2nheBHV
