Comments on: Day Trading Seminars/Workshops? http://www.freetradingworkshops.com/investing/day-trading-seminarsworkshops/ Best No Cost Trading Education in US Tue, 07 Sep 2010 00:27:32 +0000 http://wordpress.org/?v=2.7 hourly 1 By: mason pearson http://www.freetradingworkshops.com/investing/day-trading-seminarsworkshops/#comment-102 mason pearson Tue, 09 Sep 2008 14:08:51 +0000 http://www.freetradingworkshops.com/investing/day-trading-seminarsworkshops/#comment-102 I have been to two teaser seminars, one because it was right down the street and the other because I needed to a vacation anyway. It was on O'ahu. *vacation not a big thing I live on the Big Island* One was going to teach me to day trade with charts and statistics and graphs and Ouija boards and a gypsy with a crystal ball. The other promoted a software that would pick stocks ready to break out. The problem with the first is you would spend all your time charting and mapping and whatever. Trading happens second by second. You don't have time to chart anything. The other might be fine for investing. But a trader doesn't need to know a stock is ready to break out. A trader needs to know the instant it is going to happen and no software will tell you that. I do trade. Most of my trades are in DOW stocks. On any giving day,most have a nice daily spread of about a buck and a half. Sometimes it will be much more. In trading the DOW, I have a very good indicator of where to be. Now I will not get rich doing what I do. But by trading blue chips I minimize my potential for loss. I can always move a good stock into my true investing account, knowing it really will come back The market travels up and down more because of emotion and greed than it does true financial data. With brokerage fees being so low you can trade on a twenty-five cent rise. 500 share up .25 is $125. You can do it several times a day. I traded the same stock Monday three times, put the money in the bank and was on the beach by 9AM.... market opens early in Hawaii :) I don't believe anyone can teach you to trade. Your best bet is to try it with play money for a long time before you put up real cash. There are many virtual sites around. When you do decide to trade, make sure your brokerage firm has level 2 NASDAQ quotes and then learn to use them. As to forums, I have never had much luck with them. I use Scottrade, with there Total View they have active trader alerts. I had a good look over several days and decided it might be good for them for me to trade their picks but would not do me much good. Also if you are an active trade you will get marked as a pattern day trade, make sure you keep enough in the account. You also should have another account for investments. Good Luck and Good Trading I have been to two teaser seminars, one because it was right down the street and the other because I needed to a vacation anyway. It was on O’ahu. *vacation not a big thing I live on the Big Island*

One was going to teach me to day trade with charts and statistics and graphs and Ouija boards and a gypsy with a crystal ball.

The other promoted a software that would pick stocks ready to break out.

The problem with the first is you would spend all your time charting and mapping and whatever. Trading happens second by second. You don’t have time to chart anything.

The other might be fine for investing. But a trader doesn’t need to know a stock is ready to break out. A trader needs to know the instant it is going to happen and no software will tell you that.

I do trade. Most of my trades are in DOW stocks. On any giving day,most have a nice daily spread of about a buck and a half. Sometimes it will be much more.

In trading the DOW, I have a very good indicator of where to be. Now I will not get rich doing what I do. But by trading blue chips I minimize my potential for loss. I can always move a good stock into my true investing account, knowing it really will come back

The market travels up and down more because of emotion and greed than it does true financial data.

With brokerage fees being so low you can trade on a twenty-five cent rise. 500 share up .25 is $125. You can do it several times a day. I traded the same stock Monday three times, put the money in the bank and was on the beach by 9AM…. market opens early in Hawaii :)
I don’t believe anyone can teach you to trade. Your best bet is to try it with play money for a long time before you put up real cash. There are many virtual sites around.

When you do decide to trade, make sure your brokerage firm has level 2 NASDAQ quotes and then learn to use them.

As to forums, I have never had much luck with them. I use Scottrade, with there Total View they have active trader alerts. I had a good look over several days and decided it might be good for them for me to trade their picks but would not do me much good.

Also if you are an active trade you will get marked as a pattern day trade, make sure you keep enough in the account. You also should have another account for investments.

Good Luck and Good Trading

]]> By: thethirdheat http://www.freetradingworkshops.com/investing/day-trading-seminarsworkshops/#comment-101 thethirdheat Sun, 07 Sep 2008 09:10:01 +0000 http://www.freetradingworkshops.com/investing/day-trading-seminarsworkshops/#comment-101 Aren't those seminars really just a pitch for you to buy whatever software they're selling? The best way to get rich in a gold rush is to sell the shovels. The best way to make money day trading is to sell the software used for day trading. Aren’t those seminars really just a pitch for you to buy whatever software they’re selling?

The best way to get rich in a gold rush is to sell the shovels. The best way to make money day trading is to sell the software used for day trading.

]]> By: lucstudent http://www.freetradingworkshops.com/investing/day-trading-seminarsworkshops/#comment-100 lucstudent Sat, 06 Sep 2008 03:18:33 +0000 http://www.freetradingworkshops.com/investing/day-trading-seminarsworkshops/#comment-100 I personally think it's better to depend on forum discussions than to depend on workshops and seminars, after all their main interest is to sell not to tell. There's many good forums with knowledgeable people who are sharing their trading methods. Some are outright lies, but there are those that are very intriguing. It's easier to scan a forum for good posts than to scan the market for good workshops. I plan on creating a Forex trading group on Y!A. I'm not exactly sure how to do it yet, but I'm sure it'll be great. Feel free to email me if you're interested. I personally think it’s better to depend on forum discussions than to depend on workshops and seminars, after all their main interest is to sell not to tell. There’s many good forums with knowledgeable people who are sharing their trading methods. Some are outright lies, but there are those that are very intriguing. It’s easier to scan a forum for good posts than to scan the market for good workshops. I plan on creating a Forex trading group on Y!A. I’m not exactly sure how to do it yet, but I’m sure it’ll be great. Feel free to email me if you’re interested.

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