Stock market trading courses

ceaser said:
So in your opinion Mr.Scalper, what is the best way for a person to learn how to trade on the market. Technitrader is supposed to be a very reputable training company. The 2 people who started the company are both long time successful traders.
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You are 47 years old..so do not waste any more years on useless things that do not really matter!

1. Decide if you can daytrade..if you can then forget about investing as keeping your money in the market at all times is a two edged sword..if you are undercapitalized then you are on a road to nowhere.

2. Your approach will be determined by your choice..daytrade or investing..and also by the market/instruments you decide to risk your money on!
 
That's interesting because daytrading is supposed to be the riskiest and the hardest to learn of all trading styles. Just about everybody says to stay away from daytrading.
 
ceaser said:
That's interesting because daytrading is supposed to be the riskiest and the hardest to learn of all trading styles. Just about everybody says to stay away from daytrading.
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Of course it is..if you listen to idiots who know everything about nothing :)

A simple question for you regard trading/investing.

When is your money at risk?
 
ceaser said:
If I knew answers to things like that I would trading already. When it is invested in any way, i guess.
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Yes..or to be more specific..any time your money is in the market!

Of course you can make a lot of money investing..but you can also lose a lot!

Forget about the big institutions and pension fund managers..they get paid big money no matter what happens to the "clients" money..it is all a big game!

For YOU..the only thing that should concern you is the best way to trade or invest that poses the least risk to your money.

If daytrading..one way is to only daytrade highly liquid (large daily volume) bluechip stocks..they will vary in price and volatility (daily range) and your choice of stock will be limited by your available capital and "other" basic criteria such as related sector strength and related "news".

Not very hard to set up and monitor a small list of such stocks.

Once you are setup and understand the basics of related sector strength and related "news"..the next step is then the implementation of your strict risk control strategy..this is by far the key element of your approach..for without it you will definitely fail..that is the only guarantee when trading!

Clear so far?
 
Yeah, that makes sense to me. However, it's interesting you want to use only blue chip stocks as they are the least volatile. A lot of people who daytrade like to use small cap stocks because they have small numbers of shares because and when big institutions buy into them they're prices can really move and potentially you can make alot more profit than the big caps.
 
What horse does an experienced gambler back..the favourite or the outsider :)

So..if it makes sense to you..what does sector strength mean and why is it important to watch and follow?
 
Strong sector strength means there has been alot of big institutions buying large amounts of shares into it, banks, hedge funds and such. These stocks are the ones whos price will move the most.
 
ceaser said:
Strong sector strength means there has been alot of big institutions buying large amounts of shares into it, banks, hedge funds and such. These stocks are the ones whos price will move the most.
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Not exactly. That is institutional holdings, which is very important when selecting a tradeable stock, but for blue chip stocks we need not worry bout checking this..we need only check this if we want to trade a low priced stock..more later on that!

In relation to daytrading..we just need to know where our sector is currently at for the chosen stock..is it the leader..the lagger..or where in between?

Why do we need to know where our sector is in the sector list?
 
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