Middle Market M&A t...
Any recommendations for excellent educational materials for Day Trading?
- books
- websites
- software
- trading platforms
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Get James "Rev Shark" Deporre's book on trading, Invest Like A Shark
or whatever it's called. Read it before anything else. Then read it again before
trading anything. It will help you develop the mindset and patient attitude you
need to as you unemotionally wait for opportunity, and run when it's time to
swim away. This is before you even need to think about how to read a stock
chart, although he includes some of that too. Many trading books are more
involved in charts, beating the candlestick and bollinger banks, moving
averages, etc, to death, but are unnecessary. I've wasted money on such books. A
couple of moving averages and the ability to draw a straight line and do
homework and follow the news are all you really need. Earnings and other news
events regarding a specific stock and the market in general have far more effect
on what your stocks do than what a chart says. Charts are best used for general
trends and relative short term timing when it's time to trade. In today's
market, with falling knives everywhere, they're not even good for that. At best,
you might spot a winner when the market is crashing. There are very few of those
right now, which go totally counter to the averages.
A trial subscription to Dan Fitzpatrick's TheStockMarketMentor.com.....a
singular learning experience with nightly videos and a forum with very smart,
civilized traders (ranting not allowed).
i got all my daytrading information from gamblers anonymous.
best book for it is reminiscences of a stock opperator.
only thing a book can't teach you....emotional control. you have to learn that
on your own.
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