day tradingsoftwareday traderstock day trading
I would like to start investing in the stock market. I am talking about active trading (but not day trading!). Something like holding stocks for multiple days or weeks (I think it's called position trading). Since there are so many stocks out there, I don't know where to start. I plan to stay away from penny stocks for sure. I am looking for a moderate return, nothing crazy. I don't plan to blindly follow tips however. I remember a tip that was given to me by a "so called financial" advisor back in 1999, where he suggested that I invest more of my 401K in Internet stocks. At that time, I resisted to do so!.

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,…?

Day trading


We are of like mind, but because I only have $10,000 to invest, I'm forced to Day Trade index futures. I'm not a Day Trader, but have been a position trader off and on for 15 years, mostly with options and futures. Tough game for the little guy with weak hands.

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.

Day trading


The key to day trading successfully is to pick a single stock, that has some volatility, and then learn everything about the stock. Watch it for a few months, and get a feel for the stocks price movements. I have had some success trading ADDL.ob, but any volatile stock can be daytraded.

Check out this site to see what traders are buying and selling:

http://top10traders.com/StockInfo.aspx

This is from 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 also read posts on investing from the best traders, as well as share your own investing ideas.

Here are this month's best traders:

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

Good luck.

My friend and i are pooling money between guys in our school. so far guys have pledged a grand total of $10,000. my friend says that by day trading copper or silver and selling for a 10 cent profit per share, over the period of a year and a half, our $10,000 will increase to over $100,000. we do have the ability to trade commission free but we do have to pay some sort of note (im not sure what, but is around $30 per sell) but even with this advantage, my friends predictions seem way too optimistic. we would be making these kinds of trades in the ballpark of 5-10 times a week for about a year and a half. what are the problems with this get rich quick scheme? it seems too good to be true for how simple he describes it. i havent been able to argue with him b/c i dont know enough yet. please explain the risks and what we need to do to make this work so this doesnt blow up in our faces. thanks
Day trading


Short answer: you will lose all or most of your money.
Longer answer: The market, any market, always moves hard against you to take your money at the most inconvenient time. Paying a $30 "note" is much more than a commission which can be as low as $1. Gold trading is available to the whole world which means a:why ain't everbody rich? and b:can you outguess the swiss bankers, not to mention NYC?
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.
Day trading


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
Day trading


If you are serious about trading, get trained. There are good training resources out there. Try http://www.wealthconfederation.com/

Practice practice practice… open a demo account with a trading house and trade the demo account (not real money) for six months and learn what can happen.

Try: http://www.chspreads.co.za for a free demo account.

Once you have been trained and have practiced then you will be able to tip yourself.

I WANT TO START DAY TRADING.
I MEAN I WANT TO LEARN DAY TRADING STOCKS, LIKE AMEX, NYSE, NASDAQ ONLINE THAT TOO REAL TIME.

I FOUND SO MANY ONLINE TRADING COURSES.
HOW BENEFICIAL IS THIS LINK:

http://lansing.craigslist.org/fns/172121865.html

ANY IDEA:

http://lansing.craigslist.org/fns/172121865.html

Girish:

my keywords:
Also learn forex trading online, personal day trader, personal day trading mentor, free trading personalised mentorship, personalized mentor, free forex lessons, learn technical analysis for free online, learn trading with NO fees, free option trading, free options trading demo software , online futures trading, Stocks, learn Day Trading online for free, free trading resources, daytrading teacher coach, free intra day trading teacher online , Trading and Investing basics and fundamentals for Beginners, free online trading Courses, Videos Courses, free real time demo trading Software for begginers & beginers. Learn real-time online stock trading for free
——————————————————–

http://lansing.craigslist.org/fns/172121865.html

HOW IS THIS LINK WHEN IT COMES TO LEARNING OR LEARN DAY TRADING STOCKS ONLINE?

http://lansing.craigslist.org/fns/172121865.html

——————————————————–

Day trading


Be aware that 90% of day-traders lose money. The odds are way against you. I recommend trying swing-trading (a few days to a few months time frame) first. The pressure is less and the timing not so quick. The exact same principles that apply to swing trading will prepare you for trading on shorter time frames. Or … you might decide you were making enough money in swing trading to stick with it.

As for sources, check with your brokerage. Many of them make learning tools available to their clients.

Best of success.

I am wondering what online trading broker offers the cheapest commisions other than Zecco.com which offers free trades but only 40 per month. I am looking to make about 15-30 trades per day and need a commission that is $1 or less. Any ideas?

I did see a commercial on CNBC for $0.25 trades… but i forgot the name.

Day trading


Zecco.com offers $0 commissions but only gives you 1% on any cash balances. Remember, they are going to make money off of you somehow.
Day trading


I would say a mix of strategies might be best. The best thing to do is – do a lot of research. A good place to find interesting investment ideas is 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

Good luck.

Day trading


To be a trader you need to be well aware of market. If you want to take hear say advise Be rest assured that not before long your hard earned money will be history to you .
Still if you have the inclination then I will say at least go to a site known as
www.moneycontrol.com . This is free site and has a huge message board . Lot's of advise for free. By the way this site is run by CNBC .
I have been developing a trading strategy for the last 6 months. As of today, 11-12-08, the average winning trade percentage is 92% and of those winning trades, the average gain is 5.97% between 1-5 days. If this strategy were used over the course of a year, an individual's portfolio would more than triple. I am going to start a website in the upcoming few months to have people subscribe to my picks. I do not know what to charge. Ideas?
Day trading


You may want to look at Collective2:

http://www.collective2.com

People can subscribe to your system there and you have a number of ways you can charge. One advantage of using them is that you have an independent auditor of your results. Another is that they do all of the billing for you.

Unfortunately, not free.

But even if you decide not to use them, you can still get some idea of what other people are charging for their methods — while seeing what kinds of results they are generating for those charges.

P.S. I hope by "developing a trading strategy for the last 6 months", you don't mean you've been tweaking historical data to generate those results. There have been a few systems on Collective2 that looked great in their presentation of backtest results, but failed miserably going forward.