Stock Trading Strategies

Hey everyone. When you start developing your own stock trading strategies in the stock market, you are going to have to do your own research. Personally, of all the strategies I have read so far, I believe William J. O'Neil's CANSLIM approach to be the best. His book How to Make Money in Stocks is one of the best books I've read on the subject.

Many people believe that the technical analysis required for the IBD trading strategy CANSLIM approach is beyond the reach of beginners starting a stock market investing program, but it is really just like most skills. With practice and review, you'll improve your abilities. Any stock market trading strategy you employ will have a learning curve. Why not learn the best stock strategies? And what better way to learn than by doing.

You see, you can sit on the sidelines or you can get active and learn from your own experience. It's that knowledge that will propel you into stock market investing success. You can read all that you want, but it really comes down to applying what you learn and learning from it.

So the first thing I decided to for this site was to start with $5,000 in my investment trading funds and let you follow along as we implement:

Choosing the right stock trading strategies are important when you first start. I'm choosing Optionsxpress, O'Neil's Canslim Trading Strategy and IBD as my tools.

Typically, it takes a few days to get your account up and running. They have to verify your identity and I know that a friend of mine had some difficulty doing that because he was living outside the country at the time. He had already chose a stock and put money in his account. Once the stock rose, it was only then that he realized his trade wasn't executed. So make sure that you get your account active and ready for trade before you launch your program.

After that, I scanned my Investors Business Daily and started making a watch list of potential stocks to watch and added 19 stocks to my watch list. These are not stocks that I am prepared to invest in yet. But they are stocks that I identified that needed further research. I will list them here:

• Aeropostale Inc (ARO) 
• Credit Acceptance Corporation (CACC) 
• Chipotle Mexican Grill Inc (CMG) 
• Core Mark Holding Co Inc (CORE) 
• Discovery Communications Inc (DISCA) 
• Discovery Communications Inc (DISCK) 
• FUQI International (FUQI) 
• Global Partners LP (GLP) 
• Hormel Foods Corporation (HRL) 
• World Fuel Services Corporation Inc (INT) 
• JINPAN International Limited (JST) 
• Netease Com Inc Ads (NTES) 
• NVE Corp New (NVEC) 
• Banco Santander (SAN) 
• Starbucks Corp (SBUX) 
• STEC Inc (STEC) 
• URS Corp (URS) 
• Vanguard Natural Resources (VNR) 
• Valeant Pharmac (VRX) 

With any stock market trading strategies you might choose, making a list of potential stocks to buy now is always the first step. You've got to separate the market down into a smaller list of potential money makers. Keep in mind that this list will grow and shrink over time. The next step is to see if they are fundamentally strong companies. Right now, I really know nothing about any of them except for the fact that the market indicated they are worth a look.

Each day at Stock Market Investing Today, I'll scan the IBD for the next big winner and as stocks pop up, I'll add them to the list and then let the stock trading strategies be my guide.