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Spork
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OK, so I've just got into stock trading and I do not know what certain things mean:
level II
MACD (while look at graphs)
and there was more which I'll add when I come across it again.

Posts: 78 | From: France | Registered: Jan 2004  |  IP: Logged | Report this post to a Moderator
Spork
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ah i remembered another thing:
i heard something about reading graph pattern and something about equilateral triangles?

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xxartyxx
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dont trade man, read up first
Posts: 38 | From: brooklyn | Registered: Jan 2004  |  IP: Logged | Report this post to a Moderator
Six Black Roses
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Yeah, Spork, I think you should stay away from trading--even investing, for now. There's a certain amount of experience and knowledge necessary to minimize risks. The stock market would be a casino for career gamblers if it only consisted of people who don't know how to understand the behavior of the market.
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xxartyxx
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s
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xxartyxx
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thats rite!
Posts: 38 | From: brooklyn | Registered: Jan 2004  |  IP: Logged | Report this post to a Moderator
Spork
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ok i'm getting rid of the stocks i got into recently because i thought of forums too late. anyway, if you guys could maybe tell me what these things mean? I am constantly reading up on the forum by the way.

[This message has been edited by Spork (edited January 30, 2004).]


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Six Black Roses
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MACD stands for Moving Average Convergance Divergance. It's a lagging indicator that displays the moving average of certain periods. There's a signal and the price, at which point buy or sell decisions are said to be made based on how or when those two lines cross. http://www.investorwords.com/2912/MACD.html

Level II is pretty much a real-time "order book" displaying the instituions/market makers along with their bids, asks, and volumes, etc.


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Spork
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Well I just found this on the E*TRADE site, and decided to come down here to answer my own question on the forums, but I see Six Black Roses already has. Thanks anyhow!
"MACD - Bullish
MACD, or Moving Average Convergence-Divergence, is a trending indicator based on the interaction of two moving averages. When MACD issues a bullish signal, the stock is said to have "gone MACD green" and is in an uptrend. To make the A-List, a stock must be in an uptrend that's supported by strong volume and positive price action."

So level II = streamer?
I think thats what I've understood, that is if a streamer is a thing that streams the current stock prices... etc?


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Six Black Roses
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A streamer just steams the market prices in real-time. But only Level II displays the institutional/market maker order books.
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Spork
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aha i see
and can individual traders get access to level II if they trade enough or have enough capital?

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xxartyxx
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spork answer this question, did you start trading without reading up on anything?

look, you dont just find level 2 quotes on e-trade, its something like a program, but java based, and it gives you the most bes uptodate, up to the minute, bid and ask prices. ( alot of people not knowing **** about the market or how it works, think that you just buy and sell depending on the price that any quote gives you) its the bid and ask thats important here, level 2 gives you just that, so that you know almost everything you need to. there are such things as level 3, you know realy if you just got into trading, by all means do as you will, after all if im unabled to sell my shares and get stuck with them, ill be looking for a moment when some newbie withh buy my shares @ some high-ass price, when noone with a head on their showlders will.......

im not being mean or trying too.... but please read some books, if you need read-ups, just ask many people here will give you info, but you need to read it gives you the risk prospective first, so that you dont thing that you can buy 10,000 shares of some comp and make 100buks on every point rise, but think 100$$ lost per point fall, and theres alot more, you know, the only enemy of a day trader, is the day trader him self....( got that from a book)


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Spork
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i'm sorry but I live in France and we dont have very many books on that, which is why i rely on forums for stuff like this (i also learned everything I know about overclocking from a forum). I plan on buying a book on amazon.co.uk asap but I didnt know noobs werent allowed to ask noobish questions, maybe there should be a notice explaining before entering the forum or something. I hate having to be afraid of asking questions wondering if they are stupid.
Sorry if this message is incoherent

[This message has been edited by Spork (edited January 31, 2004).]


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xxartyxx
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no man you can ask quetions. what i said prior to this was for your own good, cuz it sounded like you started investing without first learning about it.

i live in NY, Brooklyn, we have alot of places to buy books like that.

but see if you can visit the barns and nobles book store here in the U.S, they might be cheaper for yah.

and hey noone here hates newbies

if you feel that you wana ask and dont wana ask here you can email me @ secretarthur@hotmail.com

ill help u


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Spork
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i just ordered a couple of books tonite on amazon but I'm visiting florida in april so i'll be stopping by a barnes and nobles as always when I'm there. Anyway, sorry if i reacted badly, i was just a bit under the influence and it was late and it seemed like you were being mean... anyway thx for the offer cya on the forums then!
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