When you start making "virtual" money, then you can risk your own.
Training & classes
ETF news and analysis
Article: Trading is Timing
Books on Investing
"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
Lofton, ToddGetting Started in Futures
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
Are you asking if its possible to have a career in day trading?
Sure, you can be a stock broker…
Are you asking, if you can make a living (support yourself), by trading stocks.
In this case, I would say probably not.
Even professionals that have spent their lives studying the stock market have trouble predicting changes. What hope does that give to an average person? Furthermore stocks are meant to perform well in the 'long run' and not from day-to-day.
I suppose its possible to make constant gain if you index the 'entire market', however it probably won't be enough to let you quit your day job.
I am looking for the best stock charting software for Day trading, I have used yahoo, stockcharts.com, bigcharts.com and etrade pro. There are others out there, can anyone reccommend one over others and why is it better than others, price, ease of use, capacity features?
Any relevant comments or advice appreciated.
Each function key on your keyboard can represent 12 different chart configurations, so you can look at these 12 different criteria in seconds. As soon as you hit the "F" key, the chart is displayed on your screen.
Did I mention that it has all the industry groups? If you looking at a stock and you want to know how the industry is doing, just switch over to the industry group with a click of the mouse.
All the indicies are also grouped together. You can also download that group of stocks that meet your criteria into a CSV file for importing to XL. I especially like this feature.
The support you get from the Wordens is unsurpassed also, and I couldn't get by my day without reading the daily wisdom from Peter or Don.
If you trade on margin you borrow some of the funds that you use to purchase an investment. If the stock drops below a certain threshold, your broker may decide that you don't have enough equity to hold the investment and may force you to sell the stock. But that hopefully won't happen.
Please aslo explain to me the meaning of "day trades"
So if you bought and sold 100 MSFT 4 times in 2 days, let's say (and if these 4 trades were more than 6% of your total trades during these 2 days–which is very likely), you'd get labeled a "pattern day trader."