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Author Topic: Newbie questions regarding picking stocks  (Read 6792 times)
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invstor
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« on: May 29, 2011, 07:06:43 PM »

hello everyone, I am new here, and I am very impressed with this forum, because I learned a lot without busting my brain out. I like how this forum simplifies useful information about stocks. I have browsed through most polls on here, but I find little information (correct me if I am wrong) regarding stock-picking strategies, especially $3 and below. I know Dr. does not endorse Pump and Dump, so my questions:

1. what factors do any members here use to spot a good pick while avoiding hundred of bogus ones, or T/A is all you need? (any recommending websites would be great)

2. I know how some indicators work, but what strategies do you use to find possibility uptrend reversal stocks out of thousands of penny stocks?

3. I know most people use daily chart, but what do you actually taken out from using weekly chart? I see there are two different resistances (MA200) and different ADX value in these two different time-frame, so how do I relate daily to weekly if I try to determine if I should pick that stocks?
Taken from ALQA poll:
http://stockcharts.com/h-sc/ui?s=ALQA&p=W&b=5&g=0&id=p09357816853
http://stockcharts.com/h-sc/ui?s=ALQA&p=D&b=5&g=0&id=p40266324498

I was trying to make sense of these confusions before I decide to trade. I will definitely follow Dr. picks closely. Thanks for any replies.
 
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« Reply #1 on: May 30, 2011, 05:36:02 AM »

hello everyone, I am new here, and I am very impressed with this forum, because I learned a lot without busting my brain out. I like how this forum simplifies useful information about stocks. I have browsed through most polls on here, but I find little information (correct me if I am wrong) regarding stock-picking strategies, especially $3 and below. I know Dr. does not endorse Pump and Dump, so my questions:

1. what factors do any members here use to spot a good pick while avoiding hundred of bogus ones, or T/A is all you need? (any recommending websites would be great)

2. I know how some indicators work, but what strategies do you use to find possibility uptrend reversal stocks out of thousands of penny stocks?

3. I know most people use daily chart, but what do you actually taken out from using weekly chart? I see there are two different resistances (MA200) and different ADX value in these two different time-frame, so how do I relate daily to weekly if I try to determine if I should pick that stocks?
Taken from ALQA poll:
http://stockcharts.com/h-sc/ui?s=ALQA&p=W&b=5&g=0&id=p09357816853
http://stockcharts.com/h-sc/ui?s=ALQA&p=D&b=5&g=0&id=p40266324498

I was trying to make sense of these confusions before I decide to trade. I will definitely follow Dr. picks closely. Thanks for any replies.
 

Welcome aboard.

1 - Stick with the chart templates below, these indicators and overlays are all you need. I use T/A but also search for past R/S, dilution, scams, and news to see if there is future potential.

Here you can find stocks: http://www.marketwatch.com/tools/marketsummary/screener.asp


Here you can find good info about the companies:

Pink Sheets - http://www.otcmarkets.com/home   

OTCBB - http://www.otcbb.com/asp/default.asp


2 - My main indicator is the volume, second, the candles, also, PAR SAR, RSI and ADX, this last one is very important.


3 - On the daily chart you can see the short term, but, many times taking a look on the weekly chart, gives you a confirmation if the possible movement is a short term or not, if both charts are lined up, you can buy more confident.
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invstor
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« Reply #2 on: May 30, 2011, 12:19:15 PM »

Thank you very much Dr. and I plan to subscribe one-month to try out Gold Membership in a couple of days to make some profits  Grin
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Dr PennyStock
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« Reply #3 on: May 30, 2011, 03:13:37 PM »

Thank you very much Dr. and I plan to subscribe one-month to try out Gold Membership in a couple of days to make some profits  Grin

You are welcome.
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