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 .
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 .
What does "follow the major money" in investing mean?
For example, I have level II access but how do I "follow" major movers when they purchase or sell shares. Do I have to just sit and watch Level II all day and watch for large blocks to trade? Many traders investment advise on message boards is to "follow the money" or "follow the major movers". How does one do this? Level II is great for retail investors but these large cap equities come in quickly and buy or sell? What gives? Thank you.
For example, I have level II access but how do I "follow" major movers when they purchase or sell shares. Do I have to just sit and watch Level II all day and watch for large blocks to trade? Many traders investment advise on message boards is to "follow the money" or "follow the major movers". How does one do this? Level II is great for retail investors but these large cap equities come in quickly and buy or sell? What gives? Thank you.
I'll tell you whenI get there till then all the best
Do you ever get weird messages when placing equity trade orders? I just placed some limit orders to sell some of my stocks. Since the prices are down right now and I asked for high prices, each time I got "The limit price you have entered is significantly away from the current market price." Well, duh! That's the whole purpose of having a GTC 180 day order. It's called planning ahead. Isn't that message kind of stupid?
No. Messages like that are just a safeguard some brokers use if something about your order is unusual. It gives you a chance to review the order and correct typos.
You might not make mistakes in order entries. But many people do. Your broker is looking out for them.
Well, to start I was unaware of the rule of 4 trades in a 5 day business cycle so I was restricted for 90 days. I realized it was my fault and accepted the consequences. After that period I resumed making trades. I traded one stock and made 100 dollars (bought low/sold high) and then I was flagged again as a pattern day trader. So I am restricted AGAIN for 90 days. WTF? It was explained to me by this example in a message from my E-broker:
Because a security was sold that had not yet been paid for, this account will only be allowed to make purchases using settled funds for the next ninety days. Learn more about this restriction.
When reading this, I did not understand how they could restrict me. I never used the money I had for over 90 days. So how come my money was unsettled? Any clarification would be great. Of course I am going to call my broker as well.
Basically, you made new trades when the prior trades didn't settle. My advice would be to let the old trade settle before making new trades. Stocks settle in T + 3 or 3 business days after the trade date and options settle in T + 1 or next business day.
Unbeknownst to you, you are being a risky (also unwanted) customer given your trading with "unsettled funds."
Good luck.
I wonder if I could do this through yahoo finance or some other way for free. I would ideally like to log in throughout the day and see what my stocks are currently trading at each time. Also, I would like to get email messages every time there is a 5% or greater change in the price of any stock I am holding. Anyone know how?
If you are using My Yahoo, you can set up up a Stock Portfolio segment right on your home screen. You can set up separate categories for each set of stocks (purchased, watchlist, etc.) It's very easy to use. The stock prices are updated every time you log on or hit "refresh". As with any stock tracking program, there is typically a 20 minute delay for stock quotes however if you have an online account with a brokerage, typically that website will enable you to get "real time quotes". For example, I use www.optionsexpress.com. It is a great brokerage site for both stocks and options. On that site, you can set "alerts" for either a percentage change (you set the percentage) or a dollar amount change in your stock price either up or down. The alert is sent to an email address of your choice. Check your online brokerage service because they most likely offer that service. Another program that I use to track stocks is www.marketwatch.com. It's free but you have to sign up or register for it. They also provide the ability to set "alerts" on changes in stock prices or news about your stock. Be sure to "opt out" of all of the free services and product emails or you'll get a lot of spam.
"The last day to trade equity option contracts expiring on Saturday, 01/20/2007 is Friday, 01/19/2007. If you do not have sufficient funds/buying power to cover potential exercises or assignments, please deposit funds or close out your position before close of market on 01/19/2007. Please be aware that TD AMERITRADE reserves the right to close out any option positions at any time on the final trading day prior to expiration that would pose risk if exercised or assigned. Any equity option that is in-the-money by $0.05 or more at expiration will be automatically exercised."
I UNDERSTAND the entire message except for the last line. Why would any equity option that is in the money by $.05 or more be automatically exercised??? I don't understand that at all.
Thank you.
Basically it means that if you're option has come out ahead (ie, you'd make more than 5 cents by exercising the option (ie using it)) Ameritrade will exercise the option for you automatically for you instead of just letting it expire… so you'll make the money….
Friends! i want deep knowledge about intra day share trading.
i want to invest into share market but i haven't knowledge about share trading.
Please Guide me friends!
Thanks all of you friends!
i want to invest into share market but i haven't knowledge about share trading.
Please Guide me friends!
Thanks all of you friends!
Jai Shri Ram bhai..
Intra day trading means the shares that you buy with a margin money and square off the trade same day. Or you will have to pay the full part in cash & keep the stocks in D-mat form.
Day trading is recommendid under the guidance of a trusted experienced person present, if you are new in this..
Best is deal in BTST ( Short term investing) for 2-3 days to 7-10 days.
ask meon ashithakur@yahoo.com ( messenger ) even leave offline messages.
Intra day trading means the shares that you buy with a margin money and square off the trade same day. Or you will have to pay the full part in cash & keep the stocks in D-mat form.
Day trading is recommendid under the guidance of a trusted experienced person present, if you are new in this..
Best is deal in BTST ( Short term investing) for 2-3 days to 7-10 days.
ask meon ashithakur@yahoo.com ( messenger ) even leave offline messages.
or keep checking www.shares2share.blogspot.com