day tradingsoftwareday traderstock day trading
And I am going to do the day trade terminology to get some little money in a daily basis.
Any ideas or experiences to share with me? Please don't be over exaggerated in none of positive or negative ways cause I know that it can be a dangerous game.
Thanks a lot :)
Day trading


Based upon your diction I would suggest you start with some research. Try http://www.marktetstock.net for starters.
I WANT TO START A DAY TRADING WITH A $50,000.00
CAPITAL ON A MARGIN ACCOUNT. ANY GOOD ADVISE
ABOUT WHAT SHOULD I KNOW.
Day trading


You better know what you're doing and have been doing for a while. and thay you understand the maket and the rules governing it.

Here are four rules you must have, if you don't you will loose money
1 – A written sound trading/investment plan with rules that will not only help you but more importantly protect you, mostly from yourself.
2 – Sufficient trading/investment capital. Use your own money, there’s no need to go into debt so that you trade/invest.
3 – A written money management program in place. Remember never invest 100% of your capital into any one security and never have 100% of your capital invested.
4 – A full and complete understanding of the rules & regulations of the industry.

Here are some of the rules that I follow, in additiona to the four cardinal rules above.
Never buy or sell based on anyone's, including your own, market predictions.
Stick with up-trending stocks.
Never buy stocks in danger of filing for or actually in bankruptcy.
Never average down.
Always sell when management cuts sales or earnings forecasts.
Only buy stocks with real sales and real earnings.
Always diversify between industries.
Don't buy stocks just because they've gone up.
Never sell a stock because an analyst proclaims it is overvalued.
Always look for companies with new ideas, new styles or new products.
Orders after an execution – a “stop loss”
No security is to be purchased at a price that is below the 50-day moving average price.

Good luck, based on your question, you're going to need it

Day trading


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.

I am 19 and want to learn about the stock market. I have done plenty of research but I need either an actual person teaching me or more hands on work. I am more interested in shorter term trading. Not necesarilly day trading but definitely not long term. Anyone have any ideas on where to find instructors or decent learning material. Thanks.
Day trading


I am a finance senior.

First there are two books you should read. Way better than textbooks. The first is called "the math behind wall street".

http://www.amazon.com/Math-Behind-Wall-Street-Market/dp/1568581602/ref=pd_bbs_sr_1/002-9307096-4545628?ie=UTF8&s=books&qid=1177570772&sr=8-1

Then read this one;

http://www.amazon.com/Investing-Dummies-Business-Personal-Finance/dp/0764599038/ref=pd_bbs_1/002-9307096-4545628?ie=UTF8&s=books&qid=1177570661&sr=8-1

If you want to jump into it right away, the University of Arizona has a lot of good materials online. The books are better, but here is the link;

http://www.studyfinance.com/

Read the books. Read the Wall Street Journal every day, highlight the terms you don't understand & look them up online. Google the term "_____ definition".

Finally play the fantasy stock market. It is a cheap way to learn.

Here is that link.

http://www.investopedia.com/

And the guide.

http://simulator.investopedia.com/stock/game/

Buy a Hewlett Packard financial calculator ($40 bucks), & READ THE MANUAL.

If you do this and like it, I'd recommend finance as a major. Although it is pretty intense.

Very cool that you want to learn.

Good luck

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.

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.

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.

Real time quote, fast and reliable access, detailed chart. Basically anything that day-traders or swing-traders need.

P.S. I live in Canada

Day trading


Http://www.thinkorswim.com/

There's a special address for Canadians, https://www.thinkorswimcanada.com/.

Simply the best for swing trading stocks and options. There's even an audio program all day (9:15-11:30AM & 1:30-4:00PM, EST) . The program also answers questions on specific technical questions (on specific stocks) & there's a video/chart which you can see the "ShadowTrader" actually show what he's referring to.

The platform is great (really great!!!). Charts are great (both TOS and Profet). Service is great.

They have many conditional order types including;
Blast 6
One Cancells Other (great for putting in a stop and limit price at the same time).
1st Triggers next
Chose by time & date execution.
Market Close
and many more

There graphs art great. Service is great. You'll be amazed. This platform was rated #1 by Barron's in their March 2007 best online broker article ((for software based brokers).
They were an incredible hit in Las vegas at the TradersExpo this past November. More people were checking them out more than any other broker.

I've been with them since April 2007.
(I have used Schwab (active trader program), Ameritrade, Scottrade and Fidelity).

The only thing they lack is "BackTesting" and that's coming out in this month.

Other ideas for good platforms;
TradeStation (good charting, backtesting + much more)
Iinteractive Brokers (fair charting, over 40 order types).

How much are u making are u making a week by doing this and how do u buy and sell it? i don't understand how a person know that the graph will go down or will it go up? i read but still don't understand. nots a smart person but want to learn the millionaire way of investing? any pointers? sorry for the long question.
Day trading


Trading is not an easy road to wealth. There are plenty of statistics to say that most people who go down it fail (90%+). I'm not going to say how much I make per week, but I will say I'm in the 10% (or less) who have succeeded. To me, you need two things to succeed in trading. #1 is a curiousity of how things work. Most good traders will tell you that "systems" are constantly breaking down (i.e., what works today won't necessarily work tomorrow). If you are going to be a successful trader, you are going to be constantly doing research for new things that work. If you don't enjoy the process of researching new ideas, I think you are doomed from the start. #2, you've got to be willing to learn how to handle emotions. Things are going to go against you, and at least in my experience, humans are wired to want to get away from the pain of a trade going against you. How you deal with these moments will define a lot of how successful you are going to be trading. Make a long story short…if you are looking for an easy road to wealth…this isn't it. If you like the game, and can't learn enough about it…then you will eventually find a way to succeed.