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Author Topic: Good Book/Resource for Daytraders
tryingtobeadaytrader
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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,


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EZFrag
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I, too, am new and eager to learn. Any tips or books on how to trade successfully would be appreciated.

------------------
EZ Frag


Posts: 46 | From: Monroe, LA, USA | Registered: Dec 2004  |  IP: Logged | Report this post to a Moderator
keithsan
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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


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tryingtobeadaytrader
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Thanks, what about online resources? Mainly these BB, yahoo finanace, ragingBull, any others??

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



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tryingtobeadaytrader
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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



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keithsan
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books are more in depth. therefore better.

online go to stockcharts chart school, its a start....
http://stockcharts.com/education/

[This message has been edited by keithsan (edited December 11, 2004).]


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River
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Good resources are worth looking for.

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.

Also, check out this link for lots of resources and additional links: http://www.allstocks.com/stockmessageboard/ubb/Forum2/HTML/005473.html

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~


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Bob Frey
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http://www.allstocks.com/stockmessageboard/ubb/Forum9/HTML/000531.html

Books


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Forrestgump
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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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Forrestgump
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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.
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glassman
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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....
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Machiavelli
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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

A Beginner's Guide to Daytrading by Toni Turner www.toniturner.com

The Candlestick Course by Steve Nison www.candlecharts.com (great for people who dont understand T/A charting and also Toni Turner's books)

How to Get Started in Electronic Daytrading by David Nassar www.marketwise.com


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