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SeekingFreedom
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A quick hello to everyone on the board. My wife and I decided to try our hands at the market this year so we put 2500 in a Zecco account and started playing this month. I have a couple of questions that I hope will help us.

1) When selling, what is the difference between a Stop order and a Limit order?
2) What are a couple of research sites that I can use to do some DD on what I'm looking at buying?
3) Are there any unspoken rules about posting on this board.

Looking forward to a fun year and thanks for the help in advance.

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Machiavelli
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quote:
Originally posted by SeekingFreedom:
A quick hello to everyone on the board. My wife and I decided to try our hands at the market this year so we put 2500 in a Zecco account and started playing this month. I have a couple of questions that I hope will help us.

1) When selling, what is the difference between a Stop order and a Limit order?
2) What are a couple of research sites that I can use to do some DD on what I'm looking at buying?
3) Are there any unspoken rules about posting on this board.

Looking forward to a fun year and thanks for the help in advance.

1) If you don't know the fundamentals such as that you really need to not trade first and read a book or two first. Book suggestions are below.
2)I like using Bigcharts.com and smallcapcenter.com but again it would be worthless to use them if you do not know what you are doing first. Read books.
3) There are no unspoken rules other then respect everyone with the exception of a jerk or two. Best not get involved in political talks in the Off-topic section. You will get incensed lol

Btw Choicetrade.com imo is a better broker.

Books:

A Beginner's Guide to Short Term Trading by Toni Turner www.toniturner.com

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

How I made $2,000,000 in the Stock Market by Nicolas Darvas (can be bought cheap used on Amazon.com as well as the other books i recommend)

The Candlestick Course by Steve Nison www.candlecharts.com

Reminisces of a Stock Operator by Edwin Lefevre (A must have above all other books!!! )

Trend Following by Michael Covel

The Market Wizard series of books by Jack D. Schwager

--------------------
Let the world change you... And you can change the world.

Ernesto "Che" Guevara de la Serna

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PCola77
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The thing I often tell new people is to paper trade first, and since no one ever does that, go into it fully expecting to lose every penny of what you invest. At least then you won't be disappointed when you do.
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Machiavelli
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haha you bad Pcola...

--------------------
Let the world change you... And you can change the world.

Ernesto "Che" Guevara de la Serna

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T e x
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quote:
Originally posted by SeekingFreedom:
A quick hello to everyone on the board. My wife and I decided to try our hands at the market this year so we put 2500 in a Zecco account and started playing this month. I have a couple of questions that I hope will help us.

1) When selling, what is the difference between a Stop order and a Limit order?
2) What are a couple of research sites that I can use to do some DD on what I'm looking at buying?
3) Are there any unspoken rules about posting on this board.

Looking forward to a fun year and thanks for the help in advance.

Use the "search" function in the same forum you've posted to:

http://www.allstocks.com/stockmessageboard/ubb/ultimatebb.php/ubb/forum/f/9.html

--------------------
Nashoba Holba Chepulechi
Adventures in microcapitalism...

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SeekingFreedom
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Thanks for the book list, Mach. I picked up Investing for Dummies as a primer but I will look into the others on your list. As far the Off-Topic, I enjoy discussing different things and don't mind a flame thrown my way once in a while, but thank you for the warning anyway. [Smile]

PC, my wife and I considered that a possibility when we decided to start this year. That was why we limited our exposure by only using a small amount of money while we were learning. I've looked at paper trading but felt that while the risk might be non-existant, so would be the rewards. We'll take our bumps and learn from them. Thank you for the advice though.

Tex, thank you as well, I didn't notice the video list the first time I posted. I think it will be a great help.

We've had a net increase of about 12% our first month, so here's hoping we learn more from here on out.

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T e x
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scit 'em... lol

Let us know how it's going...

[Smile]

--------------------
Nashoba Holba Chepulechi
Adventures in microcapitalism...

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Ace of Spades
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A person with a grammer school eductation can become rich if you know the basics of technical analysis....like MACD, STOCHASTICS, RSI, MOVING AVERAGES, ECT........and trade good stocks with good volume....like APPL, FSLR, BIDU, GOOG, ASTI...ect.

If you have common sense, discipline, and control of your emotions....you will be successfull.

First learn how to read the charts for the main indexes with technical analysis...and the stocks and ETF's will follow!

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beechwood
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Oh, boy.
Here comes another lamb for the slaughter.
Another sacrifice on the altar for the
Church of the Eternal MM (just kidding)...lol
If all you have is $2.5k to play with I
would buy silver bullion.
Not coins -- bullion.
It's poised to explode.
If you must play the market stick with
the big boards & Nasdaq.
Stay away from the BB & pink sheet stocks.
They are mostly scams and to easily manipulated
by the guys on the trading floor (i.e.; the
market makers or MM for short).

If you can, take some trading courses,
read some good material, and paper trade
for awhile.
DO NOT buy on the recommendation of people
in this forum alone!
There are to many paid pumpers in here hyping
stocks poised to fall.
Watch the penny boards for awhile and you'll
see what I mean.
They make money when you lose yours.
I tune into those boards to find out which
picks to AVOID!
And for the most part I'm not disappointed.

There are a lot of good studies on FA & TA
(fundemental & technical analysis).
"The Naked Trader" is a good one.
You can get it on Amazon for around $20 bucks.
DON'T buy into these infomercial trading courses.
They are expensive and don't tell you anyting
you can't learn on your own.
In fact, they keep their most critical info
to themselves (like how to beat the MM's at
their own game!).

FA & TA are usefull tools except in the penny
markets where the rules of trading physics
do not apply.
As I mentioned, they are highly manipulated
by the MM's on the floor.
They know you look at the charts and expect
the market to go a certain way based on
your technical indices.
Then they alter their tactics accordingly.
Remember, the MM's make money when you lose so
it's to their advantage to try and fool you.
They have an endless array of tricks to that
end so, again, if your new STAY OUT OF THE
PENNY PLAYS.

Personally, I've got half of all my holdings in the market (the other half in gold & silver bullion which I bought while still cheap).
The half I have in the market are mostly in
the NYSE, AMEX, and the NASDAQ where the MM's
and hedge fund managers can't mess with them
to easily.
I have a small slice in BB stocks and an even
smaller slice in pink sheet plays (shell stocks
mostly).

Do your own research and study any stocks history, it's management, key stats,
balance sheets, it's floating shares, etc.
BEFORE you buy.
Look at their charts for patterns and be
wary of false volume (MM's trading between
themselves to show a high volume that
doesn't exist).
Study some good volume filters for same.
The list goes on but these are a few pointers
to start looing at before you jump in.
All the best and good luck.

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SeekingFreedom
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Sorry for the delayed response to the advice Ace and Beechwood. That is the kind of information I hope to capitalize on. I have finished reading the Idiot's Guide and looking for my next book to continue learning. Haven't moved much the last month as my two larger positions haven't done much.

FFGO looks like a good chance even though (or maybe because of) it's at rock bottom. Short of disappearing entirely, it can't go any lower. Waiting on the acquisition updates for now.

DJRT has hit me for a little as I bought it before it began this months plunge. Hoping based on previous years movements that as the racing season goes on it will recover and grow.

I put a little money in some longer termers that I think have a chance and booming in a few years like RBSY or GPGD. We'll have to wait and hold those a while before I expect to see anything from them.

Thanks again for the input and advice and good luck to you all in your trading.

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metal1
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FYI, FFGO can go lower. a common occurence with these garbage stocks are reverse splits. another term you should become very familiar with.
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Machiavelli
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quote:
Originally posted by SeekingFreedom:
Sorry for the delayed response to the advice Ace and Beechwood. That is the kind of information I hope to capitalize on. I have finished reading the Idiot's Guide and looking for my next book to continue learning. Haven't moved much the last month as my two larger positions haven't done much.

FFGO looks like a good chance even though (or maybe because of) it's at rock bottom. Short of disappearing entirely, it can't go any lower. Waiting on the acquisition updates for now.

DJRT has hit me for a little as I bought it before it began this months plunge. Hoping based on previous years movements that as the racing season goes on it will recover and grow.

I put a little money in some longer termers that I think have a chance and booming in a few years like RBSY or GPGD. We'll have to wait and hold those a while before I expect to see anything from them.

Thanks again for the input and advice and good luck to you all in your trading.

Perhaps FFGO cannot go any lower but it doesn't mean it will go any higher neither. It is a garbage stock ala Qbid (go look at the history of that garbage one).

Also if you have taken the time to learn how to read charts you would not even gone near DJRT. Another garbage stock. But I will give you a clue. If you pull up it's RSI chart you will see that RSI 50 is it's Resistance. Till it gets past that it's not worth keeping or getting. But looking at the candlestick chart of this, it's a nightmare or how i like to call it: Garbage.

RBSY a long termer? [Roll Eyes] That chart is even more of a nightmare then DJRT. Makes DJRT look worthwhile. Pull up a candlestick chart of RBSY and hopefully you will see what i mean. It's RSI chart alone looks like a EKG readout.

GPGD: Read what I wrote for RBSY.

In final, you need to learn how to read a chart. You also need to learn that these sub-penny stocks are not for Long Term. If your going to tread in garbage then make your money and get out. It's super micro short termers. My advice: get out of Penny stocks unless they are ones between $1 and $5. Otherwise stick to trading Big Boards and read (btw the Market is always "right" and not you):

A Beginner's Guide to Short Term Trading by Toni Turner

Reminisces of a Stock Operator by Edwin Lefevre

How I made $2,000,000 in the Stock Market by Nicolas Darvas

--------------------
Let the world change you... And you can change the world.

Ernesto "Che" Guevara de la Serna

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SeekingFreedom
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Thanks for the headsup on reverse splits, Metal. I see what you mean. I was aware that this one was a gamble when I first looked at it from the Hunt Gold pr. But if they aren't lying through their teeth (granted, that's a possibility) they may not be my retirement, but I think they have a good chance at growth.

Mach,

Yeah, I'm fully aware my education on the Technical Analysis side is still lacking. The other three stocks that I listed I chose based on what my first book called "Trend Investing."

DJRT - Nascar and racing in general have been popular for many years but they have recently seemed to pick up momentum. As such, fans with disposible income should be drawn to things such as what DJRT provides. Couple that with the stimulus checks (free money) and you have even more fans with disposible income. Also, theiry 5 yr chart showed they have a spike every year so far that nearly doubles their pps. Hoping they continue this year as they have extended their season.

GPGD - This one I picked based on a future tech symposium I watched. It taked about RFID jewelry used by marketers to track spending habits of various demographics. The jewelry would interact with computers in specific stores and text specials or sales to the cell phone\palm device associated with the RFID chip. The fact that the company is current getting bought out by a larger company with the resources available to tap their gold mining interests also made them tempting.

RBSY - Similar to GPGD, I saw the self service terminals on a news cast and I believe they do represent a paradigm shift in the fast food \ lower end restaurant service industry. All it would take is one or two chains to sign contracts with them and I think it will fly.

I may end up losing my shorts on them, but that's why we limited our investment this first year. Thanks to all for your input.

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Machiavelli
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Oki doki, it's your money. Just let us know it goes for you. I'm curious.

--------------------
Let the world change you... And you can change the world.

Ernesto "Che" Guevara de la Serna

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PCola77
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quote:
Originally posted by SeekingFreedom:

DJRT - Nascar and racing in general have been popular for many years but they have recently seemed to pick up momentum. As such, fans with disposible income should be drawn to things such as what DJRT provides. Couple that with the stimulus checks (free money) and you have even more fans with disposible income. Also, theiry 5 yr chart showed they have a spike every year so far that nearly doubles their pps. Hoping they continue this year as they have extended their season.

This one may run again, but when the economy is like it is, things like this are the first things that get cut out of budgets. Do you really think because of the stimulus checks that people will have MORE disposable income this year than in the past?
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SeekingFreedom
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quote:
Originally posted by PCola77:

This one may run again, but when the economy is like it is, things like this are the first things that get cut out of budgets. Do you really think because of the stimulus checks that people will have MORE disposable income this year than in the past?

No, not specifically because of the checks. But I'm a firm believer that most people act very irresponsibly with their money. Especially when they think it's free money.

As for this not fitting into people's financial priorities...I have yet to turn on the TV and see a Nascar race that has empty seats in the stands. [Smile]

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