Some Kind of Help!

[StockLoser 10]

Well, so me and my friends are having a race in this simulated stock game for 1 month. And at the end of the month the winner with the most money wins. And I am here, to ask anyone have any opinions for me on what stocks to buy or what to look out for? Thanks in advance.

[Tradewinds 12]

Try to figure out why price goes up for a good reason, and why price goes up when there is no good reason. If price goes up, and there isn't any good reason for it to go up, then short. A trend line won't tell you the reason price is going up or going down. There are hundreds of indicators. Do they tell you the reason why price is doing what it is doing? My point is this, simply be aware of the limitations of indicators. You need to think about market behavior and have a strategy to react to market behavior.

 

Either draw your own support and resistance lines, or find a program that will do it for you. Know when major news releases are coming out, and watch how the market reacts to the news release.

 

I have a question for you: What if you and all your friends loose money? What happens then?