What is the basic daily routine of an online stock trader?
Day traders monitor a variety of stocks looking for momentum plays. Buy and hold traders look at a variety of fundamental indicators, using stock screening tools, to identify solid stocks. They also use insights about an industry to invest in the stocks of companies that they expect to do well in the long run. Traders who use technical analysis like to look at the shape of various curves related to the stock price. While there is some validity to some aspects of technical analysis, most stock price statistics are a bit of a random walk, so technical analysis is somewhat like reading tea leaves. A lot of price movement occurs after unpredictable events, such as M&A activity, company announcements and other news. While trading on insider information is illegal, it is possible to sometimes predict events based on public information with a fair degree of accuracy if one has a lot of insight into an industry. So some stock traders spend their time creating models and analysis of an industry
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