Hello, I am a new investor to the stock market, I am looking for any advise on how to find decent stocks and tips on how to start, I have already opened an account with TD ameritrade and have 5-10 grand to play with, any help would be greatly appreciated. Thank You Mark LeRoy 101ST ENG SSG
I assume that since you want to play with it, then you will do something like day trading instead of just buying and holding? Here are some sites that I like to use. Maybe they can help https://www.barchart.com/stocks/highs-lows/highs?timeFrame=1m&orderBy=lowPercent1m&orderDir=desc https://seekingalpha.com/market-news/all http://eoddata.com/ https://finance.yahoo.com/portfolios
Reading. Barron's. Wall Street Journal. Online publication is probably fresher information than waiting for a Newsweek or Time magazine in the mail. Yahoo offers opinions. Some people turn to cable shows on Bloomberg and CNBC. CNN offers a business section. I would not recommend social media posts. Less savvy traders are manipulated on social media and online forums. Even this forum. Pump and dump schemes. Let's say I find a penny stock like Genius brands, or a company in bankruptcy like Hertz. My team and all of our "bots" flood the internet message boards, hashtags, Tweets, re-Tweets. Then in premarket hours, we flood the market with buys, causing the stock to open higher with forward momentum. Continue to stir amateurs with buying hype, causing an artificial inflation. First we sell. Take profit. As our sizeable investment is sold, it starts the price drop. Then we short the stock on the way down to make more money. Here's 1 of the many news outlets that I look at. You may find something useful. You can't buy or sell 5 Guys. But it is still useful information. How does the industry of fast-food change and adapt? Will this effect sales? Who do they buy meat from? Privately held In-N-Out buys from privately held Harris Ranch. In-N-Out is owned by Christians who print Bible quotes on food wrappers. In today's world, will that influence sales? People boycott Chik-Fil-A because of politics and religion. Advertisers boycott Facebook for not censoring free speech.
If you think about stocks in gas stations and convenience stores, reading a trade journal could be advantageous. Convenience Store News. $MPC $GTY $SVC $TA $CASY SVC
