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.

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

Security analysis by benjamin graham
intelligent investor by benjamin graham

ben graham taught warren buffet. ben is known as the father of value investing.

Day trading simply means that you have no positions (short/long) in any security at the end of the day–you have only cash at the end of the day.

Can you make money day trading? yes, but it's high risk.
Good luck.

"technical analysis for beginners" - gives a good overview of the main points of very short-term market movements…

there are plenty of other books but you need to first figure out what you're going to specialize in - I trade mostly forex, but you might try futures or some people are even still trading stocks nowadays

I would tell you that is lofty, to consistently pull that you have to be darned good–there might be a week you return 10% followed by 3 weeks you lose 10%.

Speculating is NOT investing, it is a hobby that can make or lose you money. It is risk capital that you should be doing this with.

My advice would be to start reading technical analysis books and work with a broker at first. One that will take some time with you–help you understand. You will have to pay a commision greater than what you will online but you will have a teacher to help you. When you are comfortable go online with it.

I don't think you'll have much success with the methods outlined in any trading books.

The only trading method that I can suggest would have the most potential for success would be the "50% retracement rule." Of all the methods, this is the most reliable.

There's a book that discusses it. "The Trading Rule That Can Make You Rich" by Edward Dobson.

I can also recommend the following books, they don't discuss methods, per se, but reading them should afford you a better understanding of the markets, which may help you with your trading:

Wall Street: The Other Las Vegas, by Nicolas Darvas.
The Traders, by Sonny Kleinfeld.
The Professional Commodity Trader, by Stanley Kroll.
Fooled by Randomness, by Nassim Taleb.
The Trading Rule That Can Make You Rich, by Edward Dobson.
Reminiscences of a Stock Operator, by Edward Lefevre.
Paul Wilmott Introduces Quantitative Finance, by Paul Wilmott.

The following website offers practical, realistic trading advice: http://commonsensetrading.googlepages.com