day tradingsoftwareday traderstock day trading
Ok, i have some money to risk. I want to learn more about charts and trends and what is bullish when this part of the chart does this or that. I know I am talking in simple language, I just dont want to get all complicated. Please help! THank you for your time!
Day trading


I'm giving you some web sites to check out for day traders and swing traders. This will give you a "feel".
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 am new to all this. Where can I learn the basics?
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?

Day trading


You want to buy a diversified portfolio of stocks, as individual stocks are too risky. With a few thousand dollars, this means buying mutual funds. I like Vanguard.com, other people like Fidelity, TIAA-CREF, and DFA. Buy no-load, low cost funds. If you are like most people you will invest part of your money conservatively, in money market funds and bond funds, and part aggressively in stock funds. Vanguard.com has an on-line questionnaire which will give you an idea how aggressive you want to be.

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.

Can anyone tell me where to find the market price, book value, and other such info that pertains to a company for years past? For example, I am looking for the market price of a company's stock for 2005. The only info I find is the price for the last trading day of 2005. I need to find the average price for a whole year (1/1/05-12/31/05). Also I need the market value as compared to market price and book value. It is next to impossible to find. It is for a project in finance class, and this is not on the income statement or balance sheet.
Are there any good sites or books that have that and industry averages for certain whole years?
Day trading


There are very few, if any sites that will provide you with average annual price. However, Yahoo finance has the information you need to calculate that price. Go to Yahoo finance and enter the symbol for the stock in question. When the data for that stock displays on the screen, on the left hand side of the page near the top you will find "historical prices". Click on that. Enter the start date and the end date i e 1/1/2005 and 12/31/2005 and press enter. That will bring up the daily stock prices for the stock in question. Next down load them to a spread sheet. At the bottom of the page you will see "Download to spreadsheet". Click on that. Once you have the prices in the spread sheet, you can calculate the average price for the year. Sum the closing prices x the volume figure for each day and put that figure in a new column. Then sum the that column down the page and sum the volumn figure down the page. Then divide the sum of price x volume by sum of volumns. That will give you the average price for the year or rather close enough. Also Yahoo finance has the has the current market value, and book value and current price. You can get the year end figures by going to the SEC filings. On the left side of the page again but further down, and when you get there displaying the 10k for the company. It will have the book value. Divide the tangible assets by the number of shares outstanding. The market value is the price of the stock x the number of shares outstanding.
At the close of every trading day just about all the finance sites post the biggest gainers and losers of the day either by % or dollar amount is there any place that keeps historical data of these?
Day trading


The site at

http://bigcharts.marketwatch.com/reports/

keeps the biggest gainers/losers by exchange for the past five trading sessions.

There are shares you trade in options when they meet a specified criteria as I understand it. Are there any tool(s) that will do the necessary download of the optionable shares/stock and do the calculation to recommend the shares to trade on for the day?
Day trading


Yes, there is a very good tool. If you use one of the trading sites online, such as E-Trade or AmeriTrade, you will find simple instructions on how to use it.

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.

In the (ThinkorSwim) stock trading platform i use to day trade there is a spot where i can load the "URL of the MP3 feed for streaming audio" of a radio station, or whatever i want to listen to, over the Internet, on the computer, when i have the trading platform open. So i went to bloomberg.com and other financial sites to find the "URL of the MP3 feed" but i could not get it.–SO– my question is: #1- can someone recommend a good website to show me how to load the "URL of the MP3 feed" of a Internet radio station –or– tell me how to "getter done". #2- Anyone have a recommendation for a good financial/business/stock market (MP3) streaming audio feed. #3- do i have to be concerned about MALWARE through a (MP3) streaming audio feed? thanks for your time in answering this question. "May the force be with you."
Day trading


Over 12,000,000 legal mp3 music and song downloads available at: http://suv2007.mp3center.hop.clickbank.net
I went to this workshop on how to trade options. They charge $3000 for 2 days sessions. Do you know where I can get to learn it with less cost or no cost?
Day trading


No.

$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

Got any web sites that can assist me? thanks!
Day trading


For technical analysis the sites are
stockcharts.com
stockta.com

earnings.com (great during earnings season)

Day trading


I have a couple of suggestions, spend some time at the websites below and look up texts by John Murphy, he wrote the classics on trading and charting. One of his texts, which I read):
Technical Analysis of the Financial Markets - John J. Murphy

Here's another one I read & enjoyed:
Technical Analysis Explained - Martin Pring

An overview, which I read in French:
Technical Analysis from A to Z - Stephen B. Achelis

There are a number of texts involved in preparing for the CMT exam, see below link on MTA. Just going through the effort of preparing for the CMT exam is a great learning experience.

There is also my own trading website link, last one in the list below.

A final note, there is alot of learning aside from the technical analysis. One friend of mine noted and many traders agreed: "you don't have to be smart to be a good trader, just disciplined." Keep it in mind and good luck!

Hey im looking of getting into day trading, any advice? web sites? how to get started? the risk?
so how excatly does it work, is it as simple as buy it when its low, and say the share price triples, can u sell it for quick payoff when ever you please? or is it more complicated.
Day trading


Education is #1.

Start by reading the book Master the Trade by John Carter and then read Winning the Day trade game. Those'll give you a primer on which to build and will allow you to better ask your next round of questions. :-)
You can also visit sights like eSignal and Kwikop to see some of the charting tools/indicators there are out there that you'll be needing once you do get started.

Hope that helps!