Question by richards_sd: What fundamentals, etc., should I look at in a company when daytrading?
I have done this a short time and have had some nice successes (doubled my IRA) and some losses. What is the best way to get this info? And, what is a good stock screener to let me know what companies to start looking at?
Best answer:
Answer by Untimely Questioner
If you’re a day trader, you’re probably going through an online broker. Take advantage of the services they offer. You’ll get much better answers there, than here.
What do you think? Answer below!
day traders seldom are bothered with fundamentals. They are technicians.
It doesn’t really matter. Day trading is gambling and as all gamblers know, if you play long enough the house always wins.
Try investing instead. A wise man once said, “It’s very difficult to get rich quick but very easy to get rich slow.”
You need to do technical analysis, not fundamental analysis.
Day traders take advantage of stock momentums and use several techniques to study stock cycles and predict when a stocks find bottomes or peaks.
look at marketedge.com and thestreet.com