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.
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I am playing CNBC's Million Dollar Portfolio Challenge.
I am just looking for quality advice to invest $1 million in the stock market & looking for clean & crisp advice.
Please do not send spam, or links to pay-for-service sites. I just don't have the time for that.
Please provide advice, your answer & maybe reasons behind your answer.
I'm seeking to select 20 stocks today, to either purchase & sell.

I'm not familiar with CNBC's Million Dollar Portfolio Challenge, so I don't know what their investing time horizon is like for this task. Depending on how long that horizon is, I would probably make different sets of choices for your million dollars. Over a longer horizon, I would probably do some research and then pick 20 stocks, $50,000 each, and then let them sit there and do nothing for several months as that is, historically, the best way to get a return on investment. Too much "in and out" of the market would kill you on commission costs alone anyway.
I will be very thankfull to someone who gives me advice as I have already lost lot of money this days. At present I have short sell Niftyfut.

Definitions time folks:
Savings – reserve funds invested in a safe vehicle to protect ones assets and receive a small return in exchange for giving up current purchasing power.
Investing – putting capital at calculated risk in order to achieve higher returns.
Trading – Speculating on short term movements of securities prices, involves high levels of personal risks but provides benefits of providing extra liquidity & effecientacy to securities market.
Now professional traders, a) have the financial ability to withstand prolonged periods of losses, b) understand there is no "perfect" method, and c) even if they had found something even bordering on effective, wouldn't distribute it freely as it would dilute the efficacy of their method (And with the current state of the mortgage markets we're learning just how falliable even those "propietary" methods can be).
Sounds like you need to back up. Start building your savings, then your investments. After that, if you must, you can start a trading account. But, honestly I've made far more in two years of investing, than I did in 10 years of trading. (Simple math lesson one, if a stock drops 50%, from that point it has to go up 100% for you to break even — meaning minimize your loses is more vital than maximizing your gains).
I haven't touched stocks in maybe 10 years and I want to get into day trading sometime soon. I want to start off slow and low to get the hang of things and I was wondering if anyone has recommendations or tips for how/where to start? Preferably a place with low commission of course, I remember that much at least : P
Links would help the most. All tips and advice are appreciated!
Sincerely,
Jason H.


I would appreciate any advice of where to look. What's Your experience?
Thanks
Mutual Funds is what I have already in my 401k. I don't plan to touch that.
I am also not planning to do day trading, becuase of the high risk and lack of time (I have a day job). It looks like I will be doing what they call position trading (buy and sell in the time frame of weeks-months).
Which online broker do you recommend?
etrade, Scottrade,…?

Check outthis link at TerraNova Online. The Investor platform is an escellent trading tool for a beginner, and is limited to one screen. I use RealTick and five screens, but it costs $250/mo. Ask about a free trial.
http://terranovaonline.com/
A lot of online brokerages claim to give you direct access, but if they take more than a second to execute your trade, it aint direct.
Find the articles online that have evaluated and compared online brokerages. I found a good one online in Barron's, but you'll find others in the trading magazines.
This is worth putting a little time and effort into, because it's a pain to switch, so once you choose, you're kinda stuck with it.
Townsend Electronics, the Parent company of TerraNova, is the one that digitized and electronified the Nasdaq. They are technological industry leaders and have a powerful and well built trading system.
What you should try is a free trial of their Investor platform, which I think is free anyway. Their rates are good also, but of course, it depends on how often you trade. It will take you months to learn all the bells and whistles of what this program can do.
The other top-of-the line program is TradeStation, but it costs big bucks to join and operate. Some people consider it the Cadillac of trading and technical analysis.
TerraNova is the home of the Day Trader, so they think nothing of you making several hundred trades a day. You don't have to do that, but it's okay here if you do.
Read vociferously:
"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
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
You can get every one of these books from your local library. If they don't have it, ask about Interloan Library System.

finance.yahoo.com is the website that i use the most during the day, i am a daytrader also.
If you need more advice just feel free to contact me.
I hope that you will chose my answer as the best one.
Thanks

I am a Graduate student. I've Keen interest to trading in Stocks/Commodities/Securities. Recently, I've opened an Online Trading account in Sharekhan. Before investing, I want to get clarified some of my queries.
1. What are the timings of Trading?
2. What are the working days for Trading?
3. Can I buy and sell the Shares on the same day?
4. Can I claim exemption under Income Tax Act if I incur loss?
5. Is there any restrictions in the number of Transactions per day?
6. Besides Brokerage charges, is there any other charges that needs to be paid?
7. Do I've to enclose a KYC Compliance or MAPIN ID , if my investment exceeds above 50,000/- INR.
8. Can I buy and sell the shares on Hourly basis, if the share value depreciates or appreciates?
9. As I already mentioned that I'm a Graduate student, will I be liable to pay tax irrespective of Gain/Loss?
10. Is there any Study material available in maket to brush up the trading knowledge?

You dont actually buy shares as such but buy a contract on the assets.
You then earn or lose money on the opening and closing price of the asset.
Many people have got rich very quick from cfd's but there is also the risk of losing money quickly.
Finding a broker will help as they can advice you on stops that sell when the
asset falls below a certain amount you can afford to lose.
you can find more information at
http://www.cfd-to-cfd-trading.co.uk
I am playing CNBC's Million Dollar Portfolio Challenge.
I am just looking for quality advice to invest $1 million in the stock market & looking for clean & crisp advice.
Please do not send spam, or links to pay-for-service sites. I just don't have the time for that.
Please provide advice, your answer & maybe reasons behind your answer.
I'm seeking to select 20 stocks today, to either purchase & sell.

I'm not familiar with CNBC's Million Dollar Portfolio Challenge, so I don't know what their investing time horizon is like for this task. Depending on how long that horizon is, I would probably make different sets of choices for your million dollars. Over a longer horizon, I would probably do some research and then pick 20 stocks, $50,000 each, and then let them sit there and do nothing for several months as that is, historically, the best way to get a return on investment. Too much "in and out" of the market would kill you on commission costs alone anyway.



