something like Whatever company Inc. abbreviated WCI and then it has %up and %down for that day, last trade dividend, etc…and other financial information about the stock , not only that but these things usually show several other stocks as well. Like every stock in existence really that is large cap.
Just curious of what the official word for these things is .
Like this for example
http://finance.yahoo.com/q?s=SBH+
Indexes are groupings of stocks based on certain categories. For example DJIA (often referred to as "Dow"), is an average of the 30 largest public companies in the United States. Similarly, the S&P 500 is an index for 500 Large-Cap stocks.
http://en.wikipedia.org/wiki/Stock_market_index
The Nasdaq and NYSE are stock exchages where stocks are listed.
I have been Daytrading the Nasdaq, Amex, Nyse, BB and PK stocks using Etrades level 2 software. I have had success trading news stories, earnings Good/bad, Share Buybacks, gaps up and down, buyouts and FDA news approvals and non approved.
I have read dozens of books and been on courses regarding day Trading but the best trades I have made I have figured out myself. I Am Looking for more specific Individual ideas that others may have found successful.
For instance I watch the news feeds all day looking for key words in news that will trigger a price move or I'll spot a loser and follow it for 2-3 days till it's almost dead and then buy it as it bounces back, another good one is following the top 10 risers of the day till 10.10 am and then buy one that carries on it's rise. So anybody got any Good Individual ideas I will appreciate it.
The website below has software that scans the news feeds for you specifically for day traders. It is programmed to look for the key words that causes big moves in stock prices. If there is any advice you could give me before I get started I would love to hear it.
For today, the first halt is at 1350 points down on the Dow, but at 2% there are some limits placed on program trading (trading done by computers for large trading firms).
You can not day trade without a broker.
Check the following links for information.
http://www.tradejuice.com/
http://daytrading.about.com/
http://www.investopedia.com/articles/trading/05/011705.asp
As far as the holiday schedule, you can go to any of the websites to find that out (amex.com, nyse.com, and so on).
Here's a listing of the holidays for 2006.
New Year's Day Jan 2 (2006)
Martin Luther King, Jr. Day January 16
Presidents' Day February 20
Good Friday April 14
Memorial Day May 29
Independence Day July 4
Labor Day September 4
Thanksgiving Day November 23
Christmas Day (observed) December 25
Possible Early Closures:
Day After Thanksgiving November 24 (1:00)
Hope that helps!
Thanks,
Roger
Mr. Market determines the value of a stock. Mr. Market is not a real person, but the crowd of traders that traffic in the stock market are collectively referred to as Mr. Market. Stock market price is determined in the market price, by the prices people are willing to exchange equities for cash.
NYSE is different from NASD. NYSE has market specialists, that stand around in their own pit, trying to match buyers and sellers. No phones are allowed on the trading floor, so buyers and sellers must rely on hand signals from their associates on the sidelines.
If someone thinks a stock is going to increase in value they place an order for that stock. If someone wishes to sell, the market maker sells the stock through open outcry. It is a really neat, really fast paced series of auctions going on throughout the day.
The stock price is based on the settlement price people agree to trade the equity on.
Is is scientific? Not exactly, BUT, some brokers and investors use a great deal of mathematics and complex models to determine what they would buy or sell an equity for. This is used based on expectations of future prices, determined by future earnings and market conditions.
How do I find a cheap, easy to use broker? There are SO MANY – how do I chose? The ones I've heard about include Ameritrade, eTrade, Sharebuilder, TDWaterhouse, ScotTrade, Fidelity, the list goes on! What makes them all different?
What I know: I'd like do invest relatively conservatively (IE – no day-trading). I'd like to invest in ethanol. I'd like to invest for down the line…
The only resource I'm using now are
http://www.investingonline.org/index.html
Yahoo! Finance.
HELP!
Update:
I'm probably looking to invest a few thousand for now. That may increase but I dont foresee investing more than 5-10K.
As far as where I was planning to put my money – mostly in stocks in NYSE or Nasdaq. Prob not smallcaps/penny stocks, but I did have my eye on an IPO or two. BTW what are franchise stocks?
I was actually thinking about Sharebuilder – it comes highly acclaimed. Why is touted so much? Advantages / Disadvantages?
Investing in a mutual fund IRA for retirement may give you an income tax break. Talk to your tax adviser. You may also be able to invest in a stock mutual fund via a 401K plan at work.
Believing advice you get on Yahoo answers can be risky, so read these websites for further information. If you find it too confusing, contact a professional financial advisor. They will charge you significant commissions, however.
According to the NYSE definition of "day trading" the sale of an existing position from the previous day is a liquidation. The repurchase of that position is the establishment of a new position. It is not subject to day trading margin requirements.
If you are using a cash account, settlement rules would still apply.