Day Trading » chart

Best Book Or Course For Starting As A Day Trader?

admin — Tue, 25 Aug 2009 14:01:02 +0000

All answers appreciated! I am looking to take some money and try my hand at day trading. I also would appreciate any suggestions at what the best trading site is. Thanks in advance for any help.

Trade first on a simulator to test your theories at Investopedia.com

When you start making "virtual" money, then you can risk your own.

http://simulator.investopedia.com/home.aspx

http://investopedia.com

http://investing.sitesled.com/

http://futures.tradingcharts.com/learning/

Blogs

http://winners-and-losers.com/

Training & classes

http://bettertrades.com

http://investedcentral.com

ETF news and analysis

http://ETF-World.Org/

Article: Trading is Timing

http://www.investopedia.com/articles/trading/06/TradingisTiming.asp

Stock Charts

Bigcharts.com

http://www.stockTA.com

http://www.stockcharts.com

http://www.incrediblecharts.com…

www.prophet.net
americanbulls.com

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

What’s The Best Value Stock Charting Software Investment And Why?

admin — Mon, 24 Aug 2009 20:12:16 +0000

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.

For the price, you can't beat Telechart. It has everything you'll need in one place. Speed and efficiency is unsurpassed. You can sort thru 8000 stocks in seconds to find any criteria (and I mean ANY criteria) you can think of. If it's not a function of TC, then you can easily write your own personal criteria formula.

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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Can Any One Recommend A Good Day Trading Program For The Dow Mini?

admin — Tue, 18 Aug 2009 16:20:44 +0000

You might want to take a look at http://www.top10traders.com – this is a free site that lets you create a portfolio of stocks with $100,000 in "play" money. Each day the site ranks the best performing portfolios, so you can see how your picks perform compared to other investors. You can read posts on investing from the best traders, as well as share your own investing ideas. There is a charting feature, so you can see how your portfolio performs compared to the S&P 500. Also, you can create your own "group" so that you can see how you are doing compared to your friends.

Here are this month's best traders:

http://www.top10traders.com/Top10Standings.aspx

Hope this helps.

Stock With Low Volume(2000-4000) Per Day? Is This A Bad Sign?

admin — Mon, 10 Aug 2009 17:51:20 +0000

The company I invested into ($1500) has yearly revenue of about 10 million dollars. However, when I bought my 1300 shares I didn't know what volume meant! So after the stock market closed I looked at the stock I bought. I looked at the volume. It was 1300! I put two and two together and realized I might have made a very poor investment! About 6 days ago it was trading for $1.80 and I bought it at $1.15 and right now it is $1.10.

Low volume does not mean poor investment. Just means its not on people radar. There are alot of things to take into consideration like how many shares or outstading or in the float. If there are very few shares then it will not take alot to move the stock up or down. A stock could go up or down 20% on as few as 100 shares traded depending on the size of the float. Also what does the chart look like? Has it been flat for 2 years or is there alot of movement?

Swing Trading?

admin — Sat, 08 Aug 2009 19:10:37 +0000

FIRST I GIVE MY SINCERE THANKS TO YAHOO TEAM & YOU ALL TO SHARE THE KNOWLEDGE & HELP THE PEOPLE.
TODAY I SHARE WITH YOU ONE TECHNIQUE OF SWING TRADING & ASKING TOO..
WHEN 5 DAYS SMA CROSSES 13 DAYS SMA FROM BELOW TAKE BUY OPPORTUNITY & DO SALE AT REVERSE SITUATION.
CAN YOU SUGGEST ANY OTHER METHOD FOR SWING TRADING.
KINDLY EDUCATE ME.
REGARDS.
KEDAR
kedarvb@rediffmail.com

I popular methods are to use the full stocastic, RSI, and MACD. These methods essentually tend to show when a stock is over bought and over sold. I can not go into all the details of how to use them here, but I will provide you with a link where you can learn about them.

http://stockcharts.com/school/doku.php?id=chart_school:technical_indicators_and_overlays:moving_average_convergence_divergence_macd

What Are The Best Yahoo Stock Screens For Swing Trading 3-5 Days?

admin — Wed, 05 Aug 2009 14:46:53 +0000

Say $2-10 dollars

You need real time and use the 1 minute (tic) chart. I do not know if Yahoo has this but I know my broker does and i get it for free.

When Using The MACD As A Trading Tool, Why Are The Defaults 12- And 26-day Moving Averages? Thanks?

admin — Mon, 03 Aug 2009 19:04:49 +0000

My firm are beginning to make use of technical analysis for trading purposes, and the MACD is one of them. The thing is, the default exponential moving averages (EMA) are 12- and 26-day, which doesn't work for all the stocks I cover. My main questions are, why are 12- and 26-days the defaults, and also, how do you decide which trading day EMA to use when the defaults don't work for a particular stock?

Thanks!!

U can change it

see more charts

Hi, Can Someone Tell Me How To Set Up A Day Trading Computer Platform That Uses 3 Monitors?

admin — Sun, 02 Aug 2009 00:00:22 +0000

I want to use 1 monitor for the order platform and the other two for my charting spreads. My local Circuit city just cant give me any insight on how to accomplish this. Thank you very much in advance for your help….I owe ya one ;- )

Check this site: http://www.tradingcomputers.com/

They sell what you're looking for, starting from $999.

BTW, what are you day trading?

Good luck with your trading, man.

Best Technical Indicators?

admin — Fri, 31 Jul 2009 02:01:50 +0000

Can anybody let me know which are the best indicators for daytrading. pl. tell in detail like how many minits charts should i keep and in that chart which indicators should be kept with what parameters for day trading.

The best technical indicators for daytrading depends onour comfort level on which one to use. Any of these indicators (oversold, overbought) and trend indicators (higher high, higher low) should help. How many charts depends on what timeframe you plan to trade. You would usually need at least 4 charts. An hourly chart, 15 minutes chart, 5 minutes chart, and 2-3 minutes chart. 5 minutes chart is most traders use for entry/exit intraday, you could make at least two good trades with 5 minutes chart on fast moving stocks.

JessicaM has a very nice summary on Market Profile, you might want to a look at the market profile approach on daytrading.

Wants To Know About US & UK Stock Markets In Depth. I Am A Tech Analysist. I Need Structure Of These Markets?

admin — Thu, 16 Jul 2009 00:33:58 +0000

I am a professional stock trader. I trade In indian markets. I want to know about US &UK markets. I am basically a good technical analyst and does day trading successfully. I need the basic structure of these markets to day trade. General behaveir with day trading perspective, trends, behavieral patterns of index stocks, midcap, smallcap and I am a momemtum Player in day trade. In that case what general tendency I should observe, How is the brokerage structure, How is the day trading culture in USA & UK. Where I will get Online charting facility to open atlest 30 stocks simultanoulsy and I Choose to trade from all the total scrips and choose the days best moving scrips with above reasonable volumes. What scope it has in these markets for this patterns? Is ther any website reveals the basic structure of these markets. If you are in these markets, and guide me for basic knowledge, I will help to make consistant money in day trading since I am a very very successful day trader.

I am a stock trader too: American markets and american stocks are very transparent, so it will be easy to find all kind of information that you need online.
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