Discussing the crime of naked short selling
You are not logged in.
With so many strategies and systems, it can be very difficult to monitor the huge numbers of stocks being traded on different exchanges especially when you are a beginner. To benefit from a profitable trade, you have to make the correct decisions by keeping yourself focused on the right stocks at the right time.
To make your trading manageable, you should look for a charting package that features the following key elements that can help you organize and track stocks:
1. Favorites or Watch lists: The charting tool that you choose must support watch lists. You will want to keep yourself updated on a few stocks that you are studying as you go on experimenting with different trading strategies and analyzing chart patterns, so the favorites or watch lists feature is an absolutely critical element of your trading toolset. Your charting software must therefore provide an easy way to track stocks or symbols by having them saved as favorites or watch lists. This feature saves time as it enables you to quickly access your watch list at any time that you require rather than search through thousands of symbols in many exchanges. This saves you the trouble of searching for them when you want to study them later.
2. Pre-set watch lists: A pre-set watch list can be a highly useful mechanism towards getting you started and helping you be knowledgeable regarding trading strategies and chart patterns. For instance, the software can configure popular momentum stocks or any highly liquid stocks that have predictable trading patterns. To help you get started, a good charting tool must therefore be able to create a few watch lists for a number of exchanges, market segments, or stocks.
3. Custom watch lists: Your charting software must support customized watch list to keep track of stocks which you may create once you get familiar with stock analysis. Custom lists help you create watch lists in accordance with your preference. For instance, you could create an exchange-specific stocks list, and another for those you are tracking to identify a particular trading signal. Your software must enable you to quickly copy and paste a series of symbols to create a custom watch list.
4. Duplication, modification, and saving of watch lists: It would be ideal to have a review of watch lists of stocks as a starting point of your analysis every day. Your charting software must enable you to do this by supporting the duplication, modification, or saving of watch list as required. This is practical especially when you log on to your software and might want to do a review of the stocks you are tracking and analyze whether they are in accordance with your target or are giving the trading indicators that you are watching for.