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.
If there was a "best time" to trade… wouldn't all the professionals be doing it. I do have some rules for myself;
I never buy/sell before 10:00PM EDT
If a stock reaches its high 5 minutes before 4:00PM, I'll buy.
I never trade during the hours of 11:30AM-1:30PM (lunch)
BUT…. these rules mean nothing without a ton of information I or anyone here can give you.
Here's some places to start;
http://www.alphatrends.net/ (best "sum up" of daily activity on the web).
http://www.tradingwithtk.com/ (good teacher, dangerous stocks).
http://streamer.thinkorswim.com:8000/shadowtrader.m3u
(great market comentary during the day, 9:15AM - 4:00PM EDT).
ya@eriestocktrader.com
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.
Many thanks in anticipation.
Good luck.
He day trades the sp500 futures his website is spguru.com, please help if you know anything
sorry the website is sp500guru
You will need a broker to make stock trades for you but different types of brokers will charge different amounts. Full-service brokers will provide you with a lot of advice. However, their commission rates are much higher than the ones from discount brokers, who only make the transaction of the trade. Personally, I prefer discount brokers because they are cheaper and they allow me to make my own decisions.
I currently use Firstrade ( http://www.firstrade.com/ ). I prefer them over Scottrade because they offer free dividend reinvestment (DRIPs), which is essential for long term investments. They also have slightly cheaper commission rates and much lower commission rates when compparing to ther big name brokers such as Etrade, Ameritrade, and Schwab. Their customer service and website are great as well. I would definitely recommend that you check them out.
If you aren’t comfortable with your invest skills, instead of getting a full-service broker, I would suggest that you try mutual funds. Mutual funds are diversified, thereby less risky. They are also professionally managed so you don’t have to worry about what to buy or sell. To learn more about mutual funds, you could visit Investopedia ( http://www.investopedia.com/ ).