Most people look up a stock price on Yahoo, Google or MSN. These sites offer price quotes and news, but they rarely help you decide which, when and at what price to buy stocks or sell stocks. Recently, I scoured the Internet looking for an interesting website that would give me information that I can use to make good stock trading decisions.
In my quest to find a good stock trading website, I stumbled upon a gem. The site, www.askStockGuru.com, provides information in a very useful manner and is free. The website tracks about 4000 stocks. The creator of the website combines fundamental and technical indicators to aid those who want to try their hand at stock investing.
Here are the three features that I find the most useful.
- I like the precise way it tells you how to trade a stock. For example, when I looked up Google stock, this is what it said under “How to trade Google?” section. It said “Retracement Stock Trade: Consider sell/shorting when the price retraces around 550.52 if you are aggressive. Alternatively, a conservative sell would be around 600.79.” This type of a professional and disciplined method to trade stock is difficult to get.
- The market phase indicator helps an investor understand life cycle of a stock. The indicator classifies the stock into 6 distinct phases: Bullish, Recovery, Accumulation, Bearish, Warning and Distribution. This indicator along with summary for each stock proves to be very useful in making stock trading decision.
- Lastly, I find their research section very innovative. This section helps you quickly identify stocks that are breaking out. While other websites offer such service for a premium price, askStockGuru.com gives it all for free.
