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I am trying to become a full time daytrader, but first must prove I can reliably generate income before I quit my full time job. I know the bascis, but I want to take it to the next level. Can anyone suggest a good book or online resources? I am specifically interested in the different methods - swing trading, trading on news, micro-caps, etc. Most of what I have done to date is speculating, I need to improve my skills. Do I need to subsribe to OTC charts (or microcap whatever it is called?) or does my Ameritrade screener, streamers, etc. suffice?
thanks in advance,
Posts: 83 | From: Los Angeles | Registered: Dec 2004
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Also, do these books contain much that cannot be found online? i.e. is it worth it to buy the book or can you pretty well find everything you need surfing the net?
Thanks again,
quote:Originally posted by keithsan: how i made 2,000,000 in the stock market -nicolas darvas (more of a read)
All about Techinical Analysis - constance brown
a beginners guide to day trading online - toni turner
Posts: 83 | From: Los Angeles | Registered: Dec 2004
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May I recommend heading out to Barnes & Noble for a couple hours...spend some time in their investing section (you'll find lots of books on the market, trading, etc)...grab a stack, get a cup of coffee and sit down in one of their comfy chairs. Read read read bits of all of them and buy the ones that ring true to you the most. Then read the ones you buy several times each.
Hope this helps, I still have MUCH MUCH MUCH to learn myself, so please let me know when you guys find out some more good resources so I can benefit too!
Happy Trading, ~River~
Posts: 154 | From: Chesapeake, VA, United States | Registered: Oct 2004
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4 titles: A beginners's guide to short-term trading - Toni Turner Also A beginners's guide to day trading online - Toni Turner Trading for a living - Alexander Elder The market maker's edge, Day traing tactics - Josh Lukeman
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...but I still have difficulty to understand Chart from T/A point of view. I think it is impossible with penny stock.
Posts: 1335 | Registered: Oct 2003
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yes, forrest, you are correct, in a thinly traded stock, there is quite a bit of "bluffing" going on even on the charts....
Posts: 36378 | From: USA | Registered: Sep 2003
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I would recommend books over info online.. and unless you have $25,000 to drop to be a daytrader.. i would recommend you get trading experience as a Swingtrader or Position trader first.. below are my book recommendations for both swing and daytrading...
A Beginner's Guide to Short-Term Trading by Toni Turner www.toniturner.com
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even on the charts....
