day tradingsoftwareday traderstock day trading
Ok, i have some money to risk. I want to learn more about charts and trends and what is bullish when this part of the chart does this or that. I know I am talking in simple language, I just dont want to get all complicated. Please help! THank you for your time!
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.

Inexperienced trader seeking for experienced traders' input: (Thanks in advance for your time)

It was 10/18 - before 1:00am - when I placed an online order to buy ONT with limit $1.20 each. I got it for $1.16 - the highest ONT trading rate for the day - even at 10:30 am east - when I called my broker to ask why I got the shares at the highest rate:

1) Broker said AMEX trading hours for ONT have not really started at 9:30am.
2) The charts on broker site show the AMEX opening hours: 9:30 am/ Opening price for about 4 minutes: $1.07/share and it did not jump right away to $1.16.
3) I did not order to buy the shares before the AMEX opening hours. But my broker said it is how AMEX deals with the orders.
4) Broker also said that if I had placed an order to sell, it would
get processed immediately. Since I placed the order to buy, it didn't get thru so fast.

Is here any trading sense from his say or he forgot to add key words?

Day trading


First, if you are a long term investor, you were willing to pay 1.20 according to your limit and you got filled at 1.16 so it's a good fill according to your instructions. Long term, 4 cents isn't going to make much difference.

Second, if you consider yourself a "trader" a lot of weird things happen in the pushing and shoving of the open. The specialists on the floor make a huge amount of money at this time. In this case, it wouldn't surprise me if the specialist/market maker first did a bunch of buying of opening orders (ONT opened at 1.07) and then sold to the opening buy orders at 1.16 (ONT jumped to 1.16 right after the opening) thus making 0.09 per share just for being the specialist/market maker. He has no obligation to match the orders of public buyers with public sellers. It's good to be the market maker. Traders like me always wait to see how the stock opens to get confirmation before placing an order. A lot of things can happen in the news between 1AM and the market open. Traders never put in orders and let them sit that long.

At the close of every trading day just about all the finance sites post the biggest gainers and losers of the day either by % or dollar amount is there any place that keeps historical data of these?
Day trading


The site at

http://bigcharts.marketwatch.com/reports/

keeps the biggest gainers/losers by exchange for the past five trading sessions.

In order to do technical analysis for day trading I want to have web site that provides real time charts and host of technical indicators to work on. BSE & NSE are not of much use and Yahoo Finance is late by 20 minutes and therfore not of any value for day traders. I dont mind paying if there is no free site but even after payment if I am linked to yahoo finance it is of no use. I am operating from India. I am sure some knowledgable Indian brother trader or investor or professional can understand my problem and help me out.If possible give me the indicators you are working with for intraday trading only. I intend working only in stocks for the time being and not in futures or derivatives or forex or commodities.
Many thanks in anticipation.
Day trading


Go to : www.investopedia.com
Hi

I am new to all these markets and looking to start with it.

I wanted to go for an Online Trading Company like India Bulls, Sharekhan etc.

I aim for being both a Long Term Investor in 2-3 Shares, and do regular Intra-Day Trading

I have seen India Bulls Charting system and found them to be good but don't know what are their Broker Charges, Account Opening Charges?

Day trading


I am a long term investor and not into daily trading. So this answer below, is probably not teh best answer for what you have asked.

But there will be important pointers to what should also be considered while deciding on the trading platform. So here goes.

I have personal experience with ICICIDirect, HDFC Securities and Motilal Oswal. I don't trade on a daily basis and am a long term investor. So for me brokerage rates don't matter much.

For me what matters are the following:
1. Reliability of the platform -I can transact when I want
2. Correctness in transaction records, account debits, demat credits, shortfall management
3. User-friendliness of interface - you can find what you want quickly
4. Promptness of customer helpdesk in replying to emails
5. Ability to do everything from one single place - like demat account, trading account, and bank account are all managed by the same entity, so there is single place of accountability

Given all these in my experience ICICIDirect still scores the best. It has the highest no of subscribers. It used to have some transaction problems earlier, but over the past year, I cannot recollect instances where I couldn't execute a buy/sell when I wanted it. (HDFC Securities & Motilal OSwal both have miles to go on this front, systems cant keep up with the load on exceptionally high traffic days -jan 22/23). Their User interface is the best, you can locate what to do and where very fast, almost intuitively. Their transaction records are impeccable, you have peace of mind. Couldn't say the same for Motilal Oswal (I had to track and remind them to make good the shortfall when I bought and paid for 20 shares of Wyeth Pharma but demat was only for 16 after a week). And single place of accountability makes sure i deal with the same party and can get things resolved faster.

No matter what arguments you hear against, perhaps the biggest argument in favour of ICICIDirect is that they have been operating these services from 1999. That's close to a decade of experience in handling extremes of load, variety of software and technical issues, customer complaints , and have matured over the years.

The others may give you cheaper brokerage rates (and that matters if you are a day trader) but have much more to cover before they can reach similar levels of maturity as a service provider.

My 2 cents. Hope they were useful & happy investing!

I want to know the best interpretation of the stochastic ossilator while trading with live charts
Day trading


Parabolic SAR is what i use on 5/30 min chart

test it with quotetraker freeware

I am a novice trader of the futures market. In particular, the e-mini Russell 2000 because of its liquidity, low investment, and high potential gain. I have been trying to achieve a reliable and consistent strategy to pull even just a few points out of the market a week. My results thus far have been weak. I have had some gains, but my losses slowly eat away these gains and then some. Consequently, I see my account slowly decreasing. Does anybody that reads these things trade futures and have any advice or a decent strategy on how to consistently gain a few points a week in the futures market? Thanks in advance.
Day trading


Wow, a "novice" daytrading futures, that's like riding a motorcycle 'flat out' on the first try. First, find a trend, and as a beginner, find a big trend (oil or corn perhaps) and go with the flow. (never buck the trend, never)

The traders have all the news well before you do, so if you are trying to nickel and dime your way to riches by picking a little spurt to long here or a little sag to short there, don't–they've already done it and moved on by the time you spot it.

Also, be very, very careful of the proportional share you trade with, compared to the larger account value. I was trading potatoes once, um, a while back, and some rich guys tried to steer away from a long-established trend. I got a margin call during one of their 'force it' moves and the brokerage confiscated my whole account value and sent me a bill for the rest. Instead of paying off my mortgage, I was paying on my debt for two years. Without the extra traffic, the general trend was right and I would have profited nicely–but I didn't have enough reserve for when it suddenly went radically against me. I do have one consolation, though, something like 90 millionaires got caught in a still larger default, and several dozen went to jail.

Feel lucky that your account balance is "slowly decreasing"–things could be much worse. Check the charts for agricultural spreads and straddles, many of the patterns I used to rely on don't work any more, but see if you can find some of your own, then play it safe. If nothing else, go to currencies and short the dollar and go long on almost anything else. Good luck.

Got any web sites that can assist me? thanks!
Day trading


For technical analysis the sites are
stockcharts.com
stockta.com

earnings.com (great during earnings season)

Such information? I have watched one company buy another and an offer announced on a given day and before the market openned, the price of that stock had already moved to the buy price or the worth of that buy. Somewhere along the lines, some body(s) had to buy shares to raise that price level. I am assuming this happenned in pre market trading although Yahoo charts would show it all happenned at the beginning of regular trading. Scottrade shows it happenned before market trading and I would assume it happenned from the time the news was made aware of on that platform. I would just like to be able to look at a chart and see what time the offer was made to raise the price of that stock and that it corresponded with the "non insider" information made available to the general public.
Day trading


You may need Level II access to get that info. If you don't know what that is, then you won't be able to get it.
Day trading


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!