What is your morning ritual to prepare for the days trading?
Which news papers do you read? What websites do you check? Forums, videos, live chat rooms about stocks? Any advice would be an extreme help to me because I'm in my early 20's and am still very new to stocks. Thanks! :)
Answers
957 points
CUWu answered 8 months ago …
This is a GREAT question! I wonder what everyone else is going to say to this one. Here's my routine (approximately):
1. Start out on WSJ.com just to get a dose of the major headlines affecting the market that day. It also gives me an opportunity to take a good look at the futures trading.
2. I check my positions from the day before - make sure no unexpected news hit the wire.
3. I use several different charting services and screens to get a feel for new opportunities and trends in the market (stockcharts.com, investors.com and Yahoo Finance (believe it or not, haha))
What about everybody else?
4085 points
EthanR answered 8 months ago …
The first thing I look at is cnbc.com, because I want to see how the futures look and how Europe and Asia have performed overnight. I also will look at some of the articles if I find them interesting. The second thing that I do is to perform updates on all of the stocks or ETF's that I regularly trade. I do this at www.stockcharts.com. I use technical indicators such as RSI (2) and RSI (14), stochastics, and MACD to assess overbought or oversold conditions, trends, etc. And of course, I always go to www.thetycoonreport.com (for whom I write), so I can see what the daily article has to say.
I agree with CUWu, this is a great question, and I too would like to see what others have to say.
