http://www.alphatrends.net/
http://www.thekirkreport.com/
http://www.slopeofhope.com/
http://www.tradingwithtk.com/
http://www.thinkorswim.com/
http://www.redoption.com/
Also, some good books to start with are;
Trading In the Zone, Mark Douglas
Mastering The Trade, John Carter
High Probability Trading, Link
Trade Your Way To Financial Freedom, Tharp
Learn the basics of "Technical Analysis" before you read these books. Understand Candlestick Charting, Moving Averages, Support & Resistance, RSI, Channels etc.
There are many great books out there…. Don't read any of them until you've gone through these. Don't ever underestimate the importance of money management, position sizing & trading psychology.
This will take at least a year to get through. Do it and you'll save yourself from many costly mistakes.
I would recommend you do a lot of research before you get involved with real money. Do "pretend" investing while you study the Motley Fool site carefully. It is full of great ideas.
If I buy stocks worth of 10K today and sell them off later in the day, making a profit just say of $10,500 and I want to trade the next day using those funds…will I be able to use tht money? or do I have to wait like 3 business days?-I am not on margin or options.
Thanks.
even if i buy the same stock?
like if i buy and sell apple today..can i buy apple tomorrow using those funds?
Many people have asked me how to get short the Chinese market using maximum leverage and the only products I can think of are these:
FTSE/Xinhua China 25 Index Futures & Options
Hang Seng China H - Financials Index Futures
Hang Seng China Enterprises Index (H-Shares) Index Futures & Options
You can see from the average daily volume numbers (April 2007) that the liquidity is nothing to write home about, except maybe for the H-shares Index Futures (the H - Financials Index Futures just started trading on April 16 - early days).
If you have an account at Interactive Brokers, you should have access to these products. I’m not recommending you take a leveraged short position in any of these markets, just as I don’t recommend standing in front of a loaded freight train going 100 miles per hour.
Anyone have any brighter ideas than these?
$3000 is too high a cost to pay to learn what's all free and available all over the net.
Go and download the "OPTIONS TOOLBOX" and play with it. Everything you need to know is there.
You can get this from http://www.cboe.com/LearnCenter/RCTools.aspx
Explore CBOE - Chicago Board Options Exchange, for wealth of free information on options. There you have links to other sites too - Options institute etc.
Buy the book - Options as a Strategic Investment by Lawrence G. McMillan, for lot less than $3000 ( think it's $50 at Amazon.com )
p.s.
Mr.DowJones assessment that Option trading is riskier cannot be more wrong. On $ for $ basis, with respect to Risk & Reward, stock trading is lot riskier than option trading. Options goal is to minimize risk and maximize reward. No such thing with stock trading
That being said, with the market has been swinging up and down the way it has been in the past few months and I’d like to get in and get out quickly on certain trades.
The fact that some of these brokers expect you to to hold a position for weeks or even months is just ridiculous, especially in a market like this one.
Does day trrading affect the market in a negative way? Hell, it can’t be worse than naked short selling.
Ive found some loop holes in certain online brokers and have been able to successfully day trade but it is very hard and not really fast enough. I was wondering if anyone else knows of any online brokers that allow day trading for the small investor without heavy restriction.
the restriction is to make sure that small investors (i.e. people who don’t even have 25k) don’t lose their shirts, and cheat the IRS out of tax revenue, because you are totally inept and will have carry-forward losses for the next decade.
this, of course, gets re-packaged as concern for small investors who need protection from themselves. but don’t let that fool you - it’s all about the tax revenue. nobody really cares enough about you to bother protecting you.
For instance, if I think NASDAQ is going to be 1,200 by the middle of November, can't I use November or December expirations, buy them now while they are relatively cheap?
E-mini's trade just like the full size contracts, except the dollar value is smaller and so are the margins. Everything you do with a futures contract you can do with a mini contract, you'll just make/lose less money had have lower margin requirements.
Or if you are trading the Q's and would like to start a group or just exchange info, let me know!
I used to do this but I found that I could gauge individual stocks better than an index. I would recommend trading on stocks with extremely high volatility like Google and Bidu if you are into intraday trading.
I've made quite a fair bit of money this way.
I'm interested in learning day trading. Is TD Ameritrade the best? Can I open a $100 account to try it out?
You can set stop lost and target price.