How to utilize Investors.com (IBD) services to investing?
Guys,
I am somewhat beginner in US stock market. I am looking for some service which can help me screen better stock and help me make better investment.
After looking online, i came across investors.com website. They have many available services like (eIBD, investors.com, eTables (ibd 100, new america, 85/85 index) , ibd alerts plus and stocks under 10)
I am looking for your suggestion to which service is best to keep for smaller investor. my final goal is to make informed decision……based on good research…. (so far I am leaning towards stock under 10 and eTables; and do research online and avoid paying for investors.com)
please let me know your suggestions….
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September 28th, 2010 at 5:03 pm
Stocks under $10 is a good choice if you have great trading money management skills. Without them, you’ll get really hurt in this service.
IBD will be the first ones to tell you… if you don’t have great skills in managing your positions…. it doesn’t matter how good the stock picks are.
So… if you are able to make good position size calculations, initial stop picks and trailing techniques that have been working for you for years and needless to say an exit strategy… that has also worked… don’t bother with any program that picks stocks for you.
September 28th, 2010 at 5:03 pm
If you intend to use IBD/Investors.com you absolutely MUST read at least on of Bill O’Neil’s books, probably starting with How to Make Money in Stocks. This book will introduce you to some important concepts like charting/technical analysis and the basics of company fundamentals that lead to earnings growth.
Basically the IBD method looks for stocks showing rapid earnings growth, percentage-wise, and with chart patterns that show strong price moves in progress. This often leads to relatively small cap stocks that are making new highs. And that combination can lead to rapid, sharp losses if you don’t pay close attention and get out of a loser right away. On the other hand, their method can and does find great stocks too.
READ BOOKS FIRST! Go to http://www.investors.com/Store/Default.aspx and scroll down to the book section.
Good luck.
September 28th, 2010 at 5:03 pm
if you buy IBD on Monday, and look at the good stocks with nice trends and good fundamentals, taht is about all you can do. but, yes, buy bill o’neill’s book, how to make money in stocks. cut your losses at 8 or 10%, otherwise, it’s hard to make up the losses.