bbb2,
This is what you do.......
You need to learn about charts and technical analysis.....so go here for free:
http://www.prophet.net
try to look at the various indicators on the daily charts of some SP 500 stocks and see if you observe anything about them that would indicate to you a pattern to help you predict the next few days price movement.
Pick good stocks to look at and here is another great little cheap program to help you rank them:
http://www.tickerank.com
Open up an account here.....
http://www.buyandhold.com
for $14.99/month you can trade here as much as you want for a flat fee to learn.......Since your new, just enter stocks for the minimum of $20.00. Pick as many as you want and try to figure out what sectors they are in.....try to diversify your picks....Look at your charts each evening to see how you did.....look at your indicators......fine tune your system to help you enter and exit the stocks you are watching.....
Michael B.
P.S Pursue your dreams and build up your account.....if you fail try, try again....if you want to daytrade and you feel ready to daytrade find a good direct access broker and go for it....right now you need to learn through your investments and try your hand at short term trading. Learn by doing and making mistakes...you are young and you will be alright. Just try to survive while you are adding your $700.00/month...don't get impatient....you can't make a living off of this until you build up your capital and discover how you want to trade....You can move on to the more highly leveraged Futures and Commodities after you learn how to trade stocks and get a little more capital....
Remember folks, he did say investing in his opening post not trading....It took a lot of courage for this young man to post here, so try to help him. I admire him for this.....remember you folks had to start somewhere too.....you discovered your passion's and figured it out....This young guy cannot possibly know if he wants to be a trader or anything permanent in life yet. I must admit when I was 18 years old I called up Merrill Lynch and opened up my first account named Sharebuilder. I am 45 years old now and remember it and glad I did it......decisions about investing, trading or speculating seem to stick with you for life.
Hope this helps.
and good luck
This is what you do.......
You need to learn about charts and technical analysis.....so go here for free:
http://www.prophet.net
try to look at the various indicators on the daily charts of some SP 500 stocks and see if you observe anything about them that would indicate to you a pattern to help you predict the next few days price movement.
Pick good stocks to look at and here is another great little cheap program to help you rank them:
http://www.tickerank.com
Open up an account here.....
http://www.buyandhold.com
for $14.99/month you can trade here as much as you want for a flat fee to learn.......Since your new, just enter stocks for the minimum of $20.00. Pick as many as you want and try to figure out what sectors they are in.....try to diversify your picks....Look at your charts each evening to see how you did.....look at your indicators......fine tune your system to help you enter and exit the stocks you are watching.....
Michael B.
P.S Pursue your dreams and build up your account.....if you fail try, try again....if you want to daytrade and you feel ready to daytrade find a good direct access broker and go for it....right now you need to learn through your investments and try your hand at short term trading. Learn by doing and making mistakes...you are young and you will be alright. Just try to survive while you are adding your $700.00/month...don't get impatient....you can't make a living off of this until you build up your capital and discover how you want to trade....You can move on to the more highly leveraged Futures and Commodities after you learn how to trade stocks and get a little more capital....
Remember folks, he did say investing in his opening post not trading....It took a lot of courage for this young man to post here, so try to help him. I admire him for this.....remember you folks had to start somewhere too.....you discovered your passion's and figured it out....This young guy cannot possibly know if he wants to be a trader or anything permanent in life yet. I must admit when I was 18 years old I called up Merrill Lynch and opened up my first account named Sharebuilder. I am 45 years old now and remember it and glad I did it......decisions about investing, trading or speculating seem to stick with you for life.
Hope this helps.
and good luck