Lux Investing - What types of analysis can I learn/use for short-term investing? Fibonacci?

What types of analysis can I learn/use for short-term investing? Fibonacci?

I'm not even sure if Fibonacci is valid for short term. By short term, I mean anywhere from day trade to a couple weeks. TJ clarified my question: What I'm talking about is called "swing trading". The question is about analysis, not about whether someone should or shouldn't swing trade.

Public Comments

Do not limit yourself to any one strategy. A good speculator has a suite of strategies and a strategy for switching strategies.
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Very few people... SMART people... manage to last long enough in the Stock Market to learn how to trade. I no longer day trade, but when I did, I used 3 computers with 3 screens and had one computer with running real-time quotes and the other 2 screes were tracking buys and sells. It was a full time 'job' that took all of my efforts 7 days a week and usually about 12 hours a day. Do you REALLY think you would stand a chance trading against me? If you want to trade stocks... GO SEE A BROKER because you need to know a whole lot more than you do now.!
I don't know about investing, but you can use Fibonacci to unlock DaVinci's code!!!!!!
What you are talking about is swing-trading. Two of the best professional traders/writers I know are Alan Farley and Jeff Cooper (in particular, Jeff's Hit-and-Run multiple-day setups). Alan's Site: http://www.hardrightedge.com/ Alan's Book: http://www.amazon.com/gp/product/0071363092/sr=1-1/qid=1153925030/ref=pd_bbs_1/103-6188824-9275011?ie=UTF8&s=books Jeff's Books: http://www.amazon.com/gp/product/1592801986/sr=8-1/qid=1153924920/ref=sr_1_1/103-6188824-9275011?ie=UTF8 http://www.amazon.com/gp/product/1592801994/ref=pd_bxgy_text_b/103-6188824-9275011?ie=UTF8 They are both columnists at and have subscription services through http://www.thestreet.com. Read what these guys write.
Forget Fibonacci. It is a ruse. What you are is a momentum trader. Okay...use momentum indicators... like RSI OBV Price at Volume... Find stocks that have trade above their 52-week high and make sure the OBV is trading into the next trading day. Simple...
It seems you have chosen your time frame. Better to remain flexible, and let the market tell you which is better for you. "Short-term is close enough. The best way to do anything yourself is to learn something about it first. You'd be surprised at the thousands of books available on this one subject at your local library. "Which Is Better, Buy-and-Hold or Market Timing?" "Do You Have What It Takes to Be a Market Timer The Beginner's Bible in Technical Analysis is: Edwards & McGee"Tech. Anal. Of Stock Trends" Droke, ClifTechnical Analysis Simplified Kahn, Michael N.Tech. Anal. Plain & Simple Kamich, Bruce M.How Technical Analysis Works Lefevre, EdwinReminiscences of a Stock Operator Lowenstein, RogerBuffet (Warren)-The Making of a Capitalist O'Neil, William J.How to Make Money in Stocks Oz, TonyHow to Make Money From Wall Street Rotella, Robert P.Elements of Successful Trading, The Schwager, JackStock Market Wizards Schwager, Jack D.New Market Wizards Sperandeo, VictorTrader Vic-Methods of a Wall Street Master Wasendorf, RussellAll About Futures Slutsky, Scot and Darrell JobmanComplete Guide to Electronic Futures Trading, The ------------------------------------ Try out your trading strategies on a Simulator at Investopedia.com Oh, and by the way, the loser here that advised you to go see a Broker; forget that. A broker is a clerk, and knows nothing about trading. I have eight monitors, and still lost money for a year Day Trading. This month, I made $1600 on a $4000 investment. That's a 40% return in one month. It can be done, but close to 90% of the traders lose money. In the end, it doesn't matter how many computers you have, but it depends on your discipline and how you approach risk, and how well you follow good principles of money management. Just be prepared for a steep learning curve, and be prepared to lose it all before you learn. If you read the book "Market Wizards" you'll see that most of those guys lost it all several times before they finally figured it out. This is my third time. If you're just doing it for the money, you will tire easily. But if you truly enjoy trading, give it a shot. Good luck, and happy trading.