I pick the stocks based on criterions set out by the star trading system at Masters ”o” Equity. Basically, the star trading system use 4 main criterias: Candlestick chart pattern (morning and evening star), stochastics (oversold or overbought), spread (not more than 30 cents) and options interest (more than 20).

If you want to learn trading fast, then I’d suggest you find a trading system (such as Star Trading System) that suits you. Or if you prefer to create your own system, candlestick patterns can be learnt from books written by Stephen Bigalow or Steve Nison, their books are obtainable in bookstores.

As for TOS’ trailing stop loss and stop loss, these are under the “trade” tab. When you create an order entry, you’ll see a pull down list for the order type: trailing stop loss is “Trail”, you specify the cents you want it to trail at; and stop loss is “stop”. There are tutorials on the software at the “help” section if you need anymore help.

All the best Footy! If you sign up for star trading system, let me know and I’ll introduce you to my other star trader friends so that you can learn faster.