Day Trading Tips

Hi,I’m wanting to learn to trade properly and hope to find a good course to help me succeed,any advice on good online courses?

All courses will take your money and may appear to work well with the examples they present. What you don’t know you don’t know is that other market conditions will present themselves for which the trading strategies miserably fail.

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Don’t pay thousands of dollars to anyone else–take the initiative and learn on your own.

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So powerful for almost all the huge games.
Very good laptop!

Included in the system:
English Genuine Windows® 7 Professional (64 BIT)
Intel® Core™ i7-990x (3.46GHz, 12MB, 6.4GT/sec)
Dual 4GB GDDR5 AMD® Radeon™ HD6990 CrossFireX™
6144MB (3×2GB) 1866MHz DDR3 Tri Channel
512GB Solid State Drive Raid 0 "Stripe" Dual HDD – (2×256GB)
1TB (7200RPM) SATA Additional Hard Drive
Blu-Ray RW (Blu-ray, DVD, CD read & write) & 24X DVD+/-RW (DVD, CD read/write)
Soundblaster XFi Titanium PCIe card
Dell 1525 Wireless PCIe Network Card 802.11n

 Learn Our Forex Trading Strategies and Systems, Get Live Forex Signals and Training In Our Live Forex Room Each Day. Sign Up For a 10 Day Free Trial of Our Live Forex Trading Room.

19-in-1 Media card reader
Display Not Included
English Microsoft® Office Home and Student 2010 ( Word, Excel, Powerpoint, One Note)
No Security/Anti-Virus Protection
2Yr Next Day Hardware Support
2 years Accidental Damage Support
NO – Dell may NOT telephone me in relation to my order and related products and services
Area 51 ALX Black Anodized Premium Desktop (1.2KW PSU)

So powerful for almost all the huge games.
Very good laptop!

Everyone says they could be a pump and dump scam but I’m thinking you invest 100 into 2 cent stocks they go up a penny or two. Let’s say 2 so they r at 4 cents why not turn around and sell them for 200 dollars minus 5 dollars for the buy and 5 for the sell. You make 90 bucks?

You have a good theory. There are penny stocks that have sold for .0001 cent. and rose up to .50 cents – $1. If you had bought a million shares at .0001 cent, sold at .50 cents or $1 you would have a million dollars in theory.

But in real life that is never the case. Penny stocks fluctuate alot . Even one seller/buyer could drastically alter the price. In addition, penny stocks have low volume it would be a hard time finding a buyer for your investment and the actual companies don’t really make a profit. I did some research on a couple penny stock companies, the address they listed as their headquarters was a residential area on most of them, one of them was an apartment complex. Must be a very nice place to run a company right? Now you know why they sell for so cheap.

I would turn my attention to stocks on the nasdaq that are selling for $1 – $3. These are legit companies and you would have better luck investing in them rather then penny stocks.

I recently signed up for etrade and got an account under their application to get 60 days of free trading. I’m still getting charged the $10 for trades and I’m not sure how to get the free trades. Does anyone know how this system works?

I had the same problem. What they do is charge you initially for the trade, then reimburse you after the free trial is over.

I’m ordering books on Amazon. I’d prefer a book that outlines all the different technical tools for trading and how they can each be used (oscillators, moving averages, candlesticks, etc), and maybe some general tips on day trading. There are just so many to choose from and there seems to be few huge must-read classics like there are among general investing books. Thanks a lot
Any others in case? Some guy commented that this book is outdated because of today’s advanced online trading…
as for the second one, people are giving it 2/5…
"This book promises to take you into the Promised Land of traderdom but leaves you in the desert. It’s up to you to find the water. The author may give you some pointers as to where you might find it but you may easily die of thirst trying to get there.
At best, this an introduction to the author’s trading methodology. It broadly covers her different techniques: Elliot Wave used in conjunction with oscillators, Fibonacci price projections and retracements, Gann time and price analysis, reverse engineering of indicators to project price. Sounds good doesn’t it? Well don’t hold your breath. The author keeps the secret of the Holy Grail to herself. If you want the answers, you will have to take her seminars or subscribe to her service."

The more indicators you throw on a chart the more mixed signals you’ll get and you’ll end up paralyzing your ability to trade. Don’t ask how I know this.

I suggest using volume profile to help spot market structure (volume backed prices as support & resistance). Beyond that I use simple moving averages to help visualize the trajectory or slope of the trend.

One lower study for me and that’s a slightly modified slow stochastic. I like stoch because it tends to smooth the price noise yet still give a nice representation as to "oversold" or "overbought" conditions when market structure is taken into consideration.

http://astore.amazon.com/tr0101-20/detail/0470039094
This is my favorite book on market profile (same as volume profile for all purposes). This is what got me started looking at the market as a 2 way auction. It changed my perception of almost everything.

What is the best website to look at for penny stocks?
Maybe like penny stocks that just went public website? Or helpful guide for penny stocks. Or a list of penny stocks at their "lowest"

OK, penny stocks are really risky to invest in, because they usually very volatile (Increases or Decreases too much), so better to stay away from them. Also, one more thing, when a penny stock of some company is at its lowest level, it means that the company is near to file for bankruptcy, which means investors will lose all of their investments.
Plus, in general, when the stock share of specific company is too cheap (i.e. penny stock), it simply means the company is not performing well at all, and it is looking for investors to buy its share. Look at the big companies like APPLE, its share is above $300 (The company is doing very well)..
Only professional investors with high knowledge can trade penny stocks.

Better to stay away from them.
You can refer to Wall Street Journal Website to view the companies that are 52-weeks high and low.

I am mainly interested in S&P , Russ2000. So many instructors and expensive systems… who is good? who offers free trials so I can watch and see if I like? Thanks

investimonials.com

i have time to invest but not alot of money for startup. i think i would be a successful trader. i know what people want. Any advice ?

You need to have an equity balance of above $25,000 at all times in order to engage in pattern day trading. That is an SEC and FINRA rule that applies to all US brokers.

After you have the $25,000, you need to choose a broker that charges low commissions to keep your trading fees down. I use the broker Real Fast Trader. They only charge $0.39 per 100 shares traded, which is the lowest commission I am aware of.

I want to day-trade I have little money for playing around 1100 dollars. I have heard lots of different things, like u need 25k. I have also heard you could have 500 bucks. I need to really learn the basics I mean I have my own perspective on it but i have never tried this before. I am more of a wheel and dealer I buy everything and anything I see profit in from, cars ,instruments ,electronics , atvs and that is my source of income like I bought a 92 firebird last week for 150 bucks I sold it this week for 5oo, I traded something that I paid 75 bucks for , for a gibson les paul which anyone who knows a real les paul is worth at least a grand fortunatley my flow in other items has been working so i am still playing this one lol . I am honestly a hustler I have never taken a loss worth crying over but I have made plenty of profits I mean I am 19 I have around 30,000 in assests acquired by myself no help .I am not worried about losing money I just need to be able to read the charts.

starting amounts differ for companies, so do commissions for each trade. main thing is you need to know yourself, how will you react to a loss. you will find this out on your first trade, so take it easy. especially if you open a margin account where you can purchase more than the amount of money in your account. if the stock declines to a certain point, you will get a margin call (have to put in more money or your account is frozen). try paper trading or using a practice account first. also, there are different levels of charts to purchase. are you willing to pay more to get the real time quotes vs. delayed. sounds like ebay is a good fit for you. good luck!