ChampM

Lots of wisdom in these posts. Trading is difficult, no two ways about it, but it can be so lucrative most people are drawn to it. Yet many look for indicators to make decisions for them. Price is the king of all indicators -- learn to correctly identify support and resistance and you will have the start of a successful trading method. Simple is the key -- most successful traders know it. Consistency helps, too.

Price is king -- all react to price! Learn to correctly read what price is telling you and trading becomes much less confusing.

Very interesting discussion -- the real question, it seems to me is how to find support and resistance. A quantifiable solution exists and is more reliable than just eyeballing a chart. If you've ever looked back in time on any chart it seems that price reacts to the same levels over and over -- what was support/resistance 2 years ago is likely to hold in the present. My two pennies. . . Champ

You really don't need much fancy stuff if you want to do a basic scan -- price and volume should do it. The trick is in the effort -- build a watch list of those stocks meeting your criteria and then watch for an entry -- I don't know what a "good entry" means to you. You're right in wanting to think for yourself -- there really aren't any short cuts if you want to become a profitable trader. Good luck, Champ

Probably the best thing you can do is read as much as you can -- try and get a feel for what kind of trading you want to do and then focus on learning more about it. Lots of information available on the web -- get an idea of where you want to go first or you'll waste a lot of time and maybe money, Champ