Market

During "Day" or "at market close?" I am completely new to trading. I want to do short term trading. Just give me an overview of trading for dummies.

People spend years learning how to trade & you want a short quick answer……… sorry…. there is no such thing.

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

This entry was posted on Saturday, February 27th, 2010 at 11:00 pm and is filed under market overview. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.