I'm not sure a class can teach you, I think you just have to learn through experience. The hardest thing to learn is to quickly get out of a losing stock and preserve your money and look for another opportunity. it sounds so easy but it is very hard to do because you always think you are going to make money and never lose money. but I'm getting much better at it. I made $350.00 today in just a few hours.

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

Nothing. You bought stock. You own the shares until you sell them. The stock price can fluctuate up or down–no way to tell in which direction–if you own it for more than a day.

If you trade on margin you borrow some of the funds that you use to purchase an investment. If the stock drops below a certain threshold, your broker may decide that you don't have enough equity to hold the investment and may force you to sell the stock. But that hopefully won't happen.

You question is confusing because it is often unclear if you are talking about the price of the option or the price of the underlying stock. Here is what I think you meant to say:

Question: "Assume I purchased call options with a strike price of 105 rs when a stock was at 100 rs per share. If the stock goes to 106 rs can I sell the option at that time?"

Answer: Yes. You can sell the option any time prior to expiration. It does not matter if the stock is (or ever has been) above the strike price.

Question: "It the stock goes up to 106 then comes back down to 99 can I say it reached the strike price?"

Answer: Yes, it reached the strike price, but that makes no difference whatsoever. The price of the option depends upon several factors, one of which is the current price of the stock. Any previous price at which the stock traded is not a factor.

Question: "Should I have sold the option when the stock was at 106 rs?"

Answer: You would get more money by selling the option when the stock was at the higher price, but at the time the stock was at 106 rs you had no way of knowing if the stock would keep going up or if it would go down. Consequently, when the stock was at 106 rs you had no way of knowing that it would be better to sell it at that time.

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From your question I strongly encourage you to learn more about options trading before investing any real money in options.

If you have a margin account, when you buy a stock your cash is used first. You only use margin (or borrowing money) when you buy more stock than your money will pay for.

If you do buy on margin (or borrowed money) there are only two ways to change it. Deposit more cash to cover the purchase. Or sell securities which will increase your cash position.

The above is for the US.

Based upon your diction I would suggest you start with some research. Try http://www.marktetstock.net for starters.

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

I'd say you shouldn't plan on Day Trading unless you're prepared to lose all of it. It isn't the safest method of investing, and for novices, you stand a better chance of getting whipsawed than anyone else.

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.

>>How, with only 10 billion shares outstanding, can XXX be so actively traded at this volume and why would XXX sit at the same price and trade billions of shares, when all press and reports about the company are positive?

The market is at a price consensus or is in a consolidation phase. The bulls and bears are in consensus; no one is more powerful than the other.

You will also find that penny stocks are usually less volatile than bigger value stocks.

>>My take is that someone is deliberately swapping shares, huge chunks at a time, at ridiculously low prices to keep the stock price down? Why go to the expense?

No I doubt anyone would be doing that deliberately. There is no point to such exercise – waste of time and money.

Maybe people who bought earlier at a cheaper price are taking profits and people who are hearing the news are buying in.

Good Luck!