angelaktariel

I have a quick question. I was just watching one my stocks and the tape indicated that someone just bought 100,000 shares. This was right at the end of the day, than I saw a few more big buys, like 39,900 shares and 18,700 shares. Being that it is the end of the day, does this mean, tomorrow those buyers will short the stock? I am holding this stock as a swing trade, so I was wondering what can I expect tomorrow morning with it. Thanks, Eva

James, I wanted to thank you again for this wonderful opportunity. Joel seems to be a wonderful and strong mentor. I took a lot of notes, specially as a newbie, but one who considers this as her next career and business, everything was just amazing to hear. A lot of eye opening comments for sure. I do consider trading as my business and have had business' in the past, so I understand there is a cost to learning things, so to me, getting a mentor is a better way than sort of poking in the dark, trying to learn it the hard way. Anyway, thanks again for arranging this webinar, you got one woman happy, and excited, that is for sure.....hehehe. Eva

Thanks James. I am all registered. I know you have been encouraging me to check Market Profile out, that is why I thought this would be a perfect opportunity. Eva

Thank you for checking on it for me....I really appreciate that.

Mister Ed, you are too funny......:rofl::rofl::rofl:....I am suffering with bronchitis, so when I laugh I get a cough attack. I have you know, I am having one of those now, so thanks...hehehe.. Anyway, I guess I will sign up, if I don't find it helpful, I have to right to disconnect...that is the beauty of those webinars, right? It might sound chinese to me, but we shall see. Thanks for the reply. Eva

This maybe a silly question, but if someone only trades stocks and not futures, would this class still be beneficial to them? I am new, so I can still ask silly questions, right?? Thanks, Eva

Thank you 5KOptions! I am definitely checking out ThinkorSwim! I know someone who trades options and she recommended it ThinkorSwim as well. I don't know her that well, but I think I will give her a call and see if I can come by to see her system. Thank you for giving me your reasons why you like them, it certainly helps me!!! Eva

Thank you Phantom for stopping by and answering a newbie like me. I feel honored. Found your book and will be reading it for sure. Can't wait for your second book to come out. Thanks so much!! Eva

Well, I am new here, just joined this month, but I certainly am very thankful for this site, so James thank you for founding it and for keeping in so insightful and thanks everyone else for sharing the knowledge!! I hope some day I will be able to contribute and not just ask questions..hehehe. Keep up the awesome work, so newbies (like me), who are really serious about learning, will have a great chance of it!!! Eva

Yeapppp....those were my exact thoughts as someone else has mentioned him to be a great mentor. So this is a perfect opportunity indeed. Thanks, Eva

I just registered and will be there next to my computer with a paper pad and pencil ready to take notes. Thanks James for this opportunity. Eva

Trvlwanderer - thanks for the tip on looking at the interest rates and margin rates and such, not to mention the insurance. That is not even something that has entered in my mind, so I appreciate you pointing it out. Eva

James, thanks for posting such detailed message to try to find out how to help me best. Here are my answer to your questions: 1. & 3. Right now I only trade stocks, but I know I will be interested in options down the line most likely. 2. I plan on daytrading (not scalping) equities. 4. As far as the budget goes, I really don't know what is out there, so I will check out the places you guys are recommending. Right now the only charge I get is the 9.95 charge per trade, and I do like Ameritrade's Command Center so far and their Strategy Desk offers back testing, however I haven't put that to use yet, so don't know how important that will be. I agree with you as far as commission and such go, don't really want to waste money, make a broker rich and not have profit left for myself, so I have to be smart and have the right reason why I pick one over the other. That is why I am asking for opinions here. Anyway, I guess to sum it up, I am looking to daytrade equities and as you mentioned as I am a newbie, looking at options as well. Let me know what you think.... Thanks, Eva

Thanks so much for the recommended book, I just added it to my Amazon wishlist. I have to finish the books that are coming my way first, otherwise nothing will be finished. Eva

Thanks for that......I downloaded it and tucked it away. I don't know when I will use it yet, but if you guys need it, most likely I will need it too..hehehe. Eva

Hello Jay, I have heard of Think or Swim and IB (yes, I read about their bad service..is that going to get better???) I will check both of them and Esignal as well, as I know a lot of people are using them for charting. So, tell me, what do you like about Think or Swim? And I would like to have the ability to trade multiple products eventually, as nothing is written in stone. The other question I have, are these platforms have month to month fees, or do they expect you to sign yearly contracts? Also, I know some don't charge if you trade certain amount per month. I guess I will check them out and see what options are available. Again, thanks..... Eva

I know there are quite a few platforms out there. I am new to this, and currently use Ameritrade and their platforms. I trade stocks and plan on doing it full time, so I am looking into which platform would be the best for that. I know some platforms are better for futures, options and other trades, but I would love to hear what would be the best for stocks. Interested hearing what my options are and feedback from you guys. The good and the bad, so I can make somewhat of an educated decision. Thanks, Eva

Hi Abesmith again, I loved Toni Turner's book, that was the first book I read. I thought it was very easy read and covered a lot of great stuff for beginners, which I am. To me it was very beneficial. Again, wasn't too technical, easy to read. I would recommend that to someone who has no clue about it and not to mention she talks about stocks, and that is what I am interested in right now. Not familiar with the other book you mentioned, but will check it out. I don't mind reading books, as I love to learn and that is one way of doing it, but would love to hear some feedback, as those two books have been pretty well reviewed on Amazon, however who knows who is really reveiwing those books...hehehehe. That is why I am asking here.... Another book that is awesome, well, at least I think so, is the Stock Market Wizards by Jack Schwager. I think you might find that interesting as it's interviews with top traders. I love it, as it talks about how people trade different things and with different methods. It just gives my ideas on what possibilities are out there, so it's helpful.

Thanks for the review, as I am trying to find a feedback on this book and another one on the subject by John Murray. Eva

Abesmith - Thanks.....yes, the only reason why I haven't jumped on tradethemarkets, as they do seem to trade futures mainly and for now I am into stocks. I do get their free videos already and love it, that is why I thought of them for being my mentor, but again I like stocks and they like futures... I will go ahead and check out tradingeveryday.com, thanks for the tip on that. And yesss...TL seems to be the best so far. As you said people are very nice and friendly, not mention knowledgable. The chatroom was a nice experience, as I wasn't boo'd on for being a beginner, definitely a plus, so I will be back for more. I really just need a little start up help, point me to some directions and such. I am pretty good self study and good at researching and as I said, so far I have not made too many stupid mistakes by applying good discipline to my trades. Just ordered Trading in the Zone book, which I know will be even more help and now trying to decide between two books on Technical Analysis. One by John Murray and one by Robert Edwards and John Magee. Any suggestions on which one? I will check the reviews here, as I know James does a great job of reviewing books. Thanks, Eva

First of all, thanks all of you for your answers, I knew I would get great information here. Torero - funny you mention Tradethemarkets.com, as that is one of the sites I have been looking at, and do receive their free (so far) video e-mails and I like their style. I know they have the one on one, group face to face training and online as well, so that is a company on my list to check into as well. I am checking into LBR, as that is one I haven't heard of. I agree with you about the chatrooms. I did check in one day here and people who were there were very helpful, so I will pop in there more often. Also love the site in your signature line. Is that yours? Great stuff for sure. Brownsfan - thanks for the pointers and I also read your thread of how to find the right coach and that is certainly helpful. Adrienne is going to be my psychology mentor, I already spoke with her and she gave me sort of an outline of what I should do. We talked about a certain school perhaps to attend, or find a mentor. After thinking more about what that school can offer me, I decided as I am getting my capital together quicker than anticipated and I have basic knowledge I have learned already, I would benefit more from a mentor than a school that would cost $5K just to get to a mentor that would cost me another $7.5K. I hope I don't sound too confusing here..hehehe. I also signed up for the tradersexpo and I am in the LA area, the next one here will be in June, but I already have my car gased up and ready to go...hehe. I will keep this thread update on what I find, so other people can learn as well. Monad - thanks for Joel's name, I will check him out as well. Zdo- You are too funny...hehehe....specially the speed dating part. Thanks for inserting some humor.... I am not sure what you mean by trading style, and by saying that, perhaps that means as you said I need to explore myself. All I know is that so far I am interested in plain old stock trading, specifically trading tech stocks, but exploring other sectors as well. So far I have been mainly swing trading, but have been glued to my stock's charts all day watching them to learn how they move, and what seems to make them move. Again, I am pretty much a beginner, but incredibly motivated to do my best, with the information I can find (which so far have been books and CD's). Pretty much willing to do whatever it takes, by that I mean that I will do what my mentor says or recommends. I guess when I said coach and mentor, in my english (which is not my first language, so forgive me for that) was meant the same, so thanks for clarifying as far as who I should be looking for. I am sure there are a lot of people who are good at what they do, but I have to make sure I will be mentored by the right person, with the right style and type of trading as you and Brownsfan both pointed out. I live in southern california and I will also need to switch to a new broker as currently I am with Ameritrade and they are not exactly the best for daytrading. I am also looking for advice on the right software and such, again, I am a beginner. Thanks everyone so far for your input, it is helping me, and stirring up more questions in my head to answer or find answers for. I welcome more inputs. Thanks, Eva

So, I am wondering, how does one find a coach? How do you even look for one? Do you look for one that you can see face to face, or someone you just talk to on the phone, or just in a chat room? I don't know where to start. I am at the point, where I want to find someone who can help me set up my day trading system. I am trying to keep it simple as Brownsfan says, but I need to be able to speak to someone about the day to day things one does, when they do trading full time. I am about to get the right capital to have a good chunk to trade with and for now I am looking to trade stocks strictly. I would be interested in futures and options, but I don't want to get an overload and want to learn those as I have perfected one thing at a time. So, I am asking you guys, those who really jumped into this, as I am planning on, how do you find a coach, mentor, or whatever you may call that person who is going to help you day to day in the beginning. I would appreciate the help. The education is tremendeous here, so I know I am asking the right people. If anyone would like to call me, if they have time for a chat, even a quick one, if they can help, please send me a PM and I will send you my cellphone number, as I wasn't sure if I should just advertise it for the world literally to see...hehehe. Thanks, Eva

Great article indeed. I am too new, so haven't had a chance to make too many mistakes, but these kind of articles certainly help me get the right discipline, or at least know what I should be shooting for as far as the type of discipline I need to have to make and keep the profits I earn. By nature I am not a gambler (don't like to loose my hard earned money), so I am learning how to make profit and when to get out, whether by making enough profit by what I set out for myself, or with the right stop loss, in case a trade decision has gone wrong. Thanks!!! Eva

Ohhh...thanks so much!!!! Those are all great books, I have already had many of them on my amazon wishlist, but will add the ones I didn't have. I guess, I will be pretty well read, that is for sure...hehehehe. So far the only one I have read from your list (actually in the middle of it) is the Stock Market Wizards....loving that book. Totally inspiring and gives me a little look of what works for people, and what style of trading they have. Thanks again!!! Eva

James and Soultrader(James), thank you so much for your replies again. I will check out those links and will try to attend the chat room tomorrow morning, just kind of to see what you guys are talking about, and to have a feel for it a little more. Soultrader(James), I will take your advice and buy the books by Wyckoff, Jesse Livermore, Humphrey Neill, William Peter Hamilton, James Dalton, and Steidlmayer. Any particular ones you could recommend by any chance? The next book I will read will be the Reminisce of a Stock Operator, as I have heard so far just about everyone recommending it. And yes, you are right, I find people here very knowledgable and helpful as well, so I know this will be a great learning ground for me, for sure. Thanks again... Eva