Day Trading

I'm giving you some web sites to check out for day traders and swing traders. This will give you a "feel".
http://www.alphatrends.net/
http://www.thekirkreport.com/
http://www.slopeofhope.com/
http://www.tradingwithtk.com/
http://www.thinkorswim.com/
http://www.redoption.com/

Also, some good books to start with are;
Trading In the Zone, Mark Douglas
Mastering The Trade, John Carter
High Probability Trading, Link
Trade Your Way To Financial Freedom, Tharp

Learn the basics of "Technical Analysis" before you read these books. Understand Candlestick Charting, Moving Averages, Support & Resistance, RSI, Channels etc.

There are many great books out there…. Don't read any of them until you've gone through these. Don't ever underestimate the importance of money management, position sizing & trading psychology.

This will take at least a year to get through. Do it and you'll save yourself from many costly mistakes.

There are very few, if any sites that will provide you with average annual price. However, Yahoo finance has the information you need to calculate that price. Go to Yahoo finance and enter the symbol for the stock in question. When the data for that stock displays on the screen, on the left hand side of the page near the top you will find "historical prices". Click on that. Enter the start date and the end date i e 1/1/2005 and 12/31/2005 and press enter. That will bring up the daily stock prices for the stock in question. Next down load them to a spread sheet. At the bottom of the page you will see "Download to spreadsheet". Click on that. Once you have the prices in the spread sheet, you can calculate the average price for the year. Sum the closing prices x the volume figure for each day and put that figure in a new column. Then sum the that column down the page and sum the volumn figure down the page. Then divide the sum of price x volume by sum of volumns. That will give you the average price for the year or rather close enough. Also Yahoo finance has the has the current market value, and book value and current price. You can get the year end figures by going to the SEC filings. On the left side of the page again but further down, and when you get there displaying the 10k for the company. It will have the book value. Divide the tangible assets by the number of shares outstanding. The market value is the price of the stock x the number of shares outstanding.

There are thousands of books that will help. (You are going to lose money in the long run day trading) I would start with "One up on Wall St" by Peter Lynch. Its an easy read and simple concepts.

Welll..i would suggest u not to involve yourself with Day trading if you are just starting up investing in stock..also beware of yourself with the derivatives…..
if u have are thinking about earning some money out of your investment u need to think and act smartly..by investing for midterm and long term…all the transactions(buying and selling that u do must result in a positive long term investment…i mean your short term trading must ensure that your long term investment goals are achieved.for this remember these things carefully while trading …

when it comes to making profit..it depends on ones strategy of investing…
people can make good money if they invest properly …and if ones foolish and more greedy he might loose out every thing…things always happen in extremes in stock markets…
remember this one thing before investing….
dont hurry ur self…think about the stock fundamentals(like its financials like balance sheet or in simpler terms the profits that it made during recent times..its managing style..people in the business…competetors industry as whole etc)
when once u feel that the stock is fundamentally good..then u move on to technical aspects like how is the stock performing in recent times..take the history of atleast past 3 months…and then invest if u feel thats good..u can get the recommendations in investment channels like CNBC watch it carefully during the market hours.
when u invest u have to watch the price carefully..keep a target level..say fro example u bought it at 100..keep a target for that stock say 130…sell it at that level..i dont recommend u to sell it entirely(in bullish market when the market is goin up..sell a partial amount of your holding..and when the market is falling down..book the entire profit by selling it…)
then u can pick another stock…
even while buying the stock its necessary for u to pick up the stock when ever the market is down..it has to be systematic..by this u can average out ur buying price…by doing this u can average the price..if u see n compare the total market movement..which will be more profitable….
i hope ive given u sufficient information to start off..feel free to ask if anythin else is necessary…
Happy investing…!!!!!!

I would not recommend you to jump into day trading. It’s not for beginners, and you could potentially lose a ton of money in a matter of minutes. In addition, day trading would require a lot of money, and trading with $1,000 would definitely not be enough to cover for the commission costs.

You will need a broker to make stock trades for you but different types of brokers will charge different amounts. Full-service brokers will provide you with a lot of advice. However, their commission rates are much higher than the ones from discount brokers, who only make the transaction of the trade. Personally, I prefer discount brokers because they are cheaper and they allow me to make my own decisions.

I currently use Firstrade ( http://www.firstrade.com/ ). I prefer them over Scottrade because they offer free dividend reinvestment (DRIPs), which is essential for long term investments. They also have slightly cheaper commission rates and much lower commission rates when compparing to ther big name brokers such as Etrade, Ameritrade, and Schwab. Their customer service and website are great as well. I would definitely recommend that you check them out.

If you aren’t comfortable with your invest skills, instead of getting a full-service broker, I would suggest that you try mutual funds. Mutual funds are diversified, thereby less risky. They are also professionally managed so you don’t have to worry about what to buy or sell. To learn more about mutual funds, you could visit Investopedia ( http://www.investopedia.com/ ).

No.

$3000 is too high a cost to pay to learn what's all free and available all over the net.

Go and download the "OPTIONS TOOLBOX" and play with it. Everything you need to know is there.

You can get this from http://www.cboe.com/LearnCenter/RCTools.aspx

Explore CBOE - Chicago Board Options Exchange, for wealth of free information on options. There you have links to other sites too - Options institute etc.

Buy the book - Options as a Strategic Investment by Lawrence G. McMillan, for lot less than $3000 ( think it's $50 at Amazon.com )

p.s.
Mr.DowJones assessment that Option trading is riskier cannot be more wrong. On $ for $ basis, with respect to Risk & Reward, stock trading is lot riskier than option trading. Options goal is to minimize risk and maximize reward. No such thing with stock trading

Take a pile of money………place it in the middle of the floor and set fire to it…………thats the way it is in day trade……..

Try www.4shared.com

Do not spend money on trading software just bookkeeping software to keep track of profits and losses.

Be prepared to loose every dime you have invested, because you can do this easily.

My mother is a day trader. She says you can't get anywhere near serious (as in making a living) without investing at least $100,000.

This, like a lot of things in this life, is very risky. The fact is that most people who try to do this end up loosing money.

But if you are good you can make a ton of money

I have a couple of suggestions, spend some time at the websites below and look up texts by John Murphy, he wrote the classics on trading and charting. One of his texts, which I read):
Technical Analysis of the Financial Markets - John J. Murphy

Here's another one I read & enjoyed:
Technical Analysis Explained - Martin Pring

An overview, which I read in French:
Technical Analysis from A to Z - Stephen B. Achelis

There are a number of texts involved in preparing for the CMT exam, see below link on MTA. Just going through the effort of preparing for the CMT exam is a great learning experience.

There is also my own trading website link, last one in the list below.

A final note, there is alot of learning aside from the technical analysis. One friend of mine noted and many traders agreed: "you don't have to be smart to be a good trader, just disciplined." Keep it in mind and good luck!