what to trade in
Hey guys,
just curious to see what everyone view is on how to look for specific stocks to trade with.
Sometimes i use stock screeners or just go with "a feel"
lately ive been looking at natural gas, but it seems a bit to high at the moment.
something else ive been looking at is companys who lease commercial jets, repair engines etc... i.e. Aercap
look forward to hearing
Buy some MLPs
I usually scan marketwire, prnewswire, reuters, among other sites for any news that could move the stock. After the bell, I have a custom screener for the "hot stocks". I think if you could find a forum or site where ppl come together and share current news or market mover, that would be really beneficial. This past couple trading days, it seems that a lot of the energy stocks are moving, especially rare earth.
^^^MolyCorp Inc. (MCP) has been on fire lately. +9% today. Solid rare earth metals play that is US based
yeah deffintly.... RK are you on any forums? and what's is your screener like??
Punting at its finest, feel is not a stock selection method with an edge
While i agree that feel itself is not an edge, experience in knowing what is in play can provide you with better trading opportunities than trading something that is not in play. For example the above mentioned rare earth names are in the news a lot right now and are very sensitive to news out there. Few weeks ago MCP was on CNBC and within seconds it was trading higher by a few % on strong volume. Being able to understand what is in play is going to give you better trading opportunities than say choosing to trade rails because of some feel.
I believe that markets tend to be quite random most of the time then there are periods of time when there is exploitable non random price action. Being able to spot whats in play is simply going to improve your odds.
I do think that certain market participants such as market makers are able to benefit during periods of randomness but they are the ones that end up losing while the market is being non random. Sort of a contrasting effect.
Knowing what is in play is definitely critical, but I wouldn't link that to feel tbh.
One advantage of working in a big S&T versus on your own is that whats in play is shoved in your face all the time. The trouble then is to be able to take that info in but still be able to think independently instead of just taking the same view everyone around you is taking.
derivstrading care to share what you do?
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