RE: Beginners Questions
(2013-04-22, 01:24 PM)Beaches Wrote: . . . I am willing to commit to 2 hours a day/365 days a year on this endeavor. . . .You need to give a money value to your time, and that adds up to a heck of a lot of money, so, purely on cost-benefit terms, you could try the sharehunter.net subscription and see if you are more at ease rather than trying to start from scratch.
Second, just study a shortlist, and isatrader's breakout/breakdown list is the obvious example, and isatrader has mentioned other methods to compile a shortlist.
Third, find some software which offers a quick visual view rather than having to type stock symbols. These can be "next" arrow methods, or, as with chartmill, a "hover" method. Even if the chart offered is not an ideal chart, e.g. it could be daily and it could be for only 6 months or offering 50 MA, not 30MA, by comparing it to a Weinstein chart design, then you will get the hang of which shapes suggest studying the stock further.
Fourth, you could avoid choppy sideways periods in the stockmarket to take time off from new positions, to conserve your enthusiasm for more promising periods.