About Christopher Stone Expertise I am knowledgeable in the area of Technical Analysis with five years experience as a `Swing
Trader.` I make my living trading index tracking stocks. I am open to any and all
questions relating to stock trading and most questions relating to financial markets in
general.
Experience I have seven years experience in the stock market.
Day Trading - Beginner to day trading/swing trade...weekend project
Expert: Christopher Stone - 7/1/2005
Question Hi Christopher,
I am hoping to start day trading/swing trading in about 2 months. This is all new to me. I am currently reading the book, "A Beginners Guide to Day Trading On-line" by Toni Turner. The next book in my line-up is, "Trend Following" by Michael Covel. I find myself engulfed in the need to learn more and I spend most of my fee time doing so.
My capital....990 shares of McCormick & Comp. (MKC) currently trading at $32 and some change.
So with that all said your answer and opinion to the following questions will be of great help.
....I apologize in advance for so many questions at one time....
Next book to read?
Training software/courses/education?
On-line broker?
Paper trading...how long?....best way?
Good place to look for stock picks?
Website to invest in?
Chat rooms/bulletin boards to look at? (looking for traders in my area)
and last..........
Your following a stock and your looking to make a buy....what's next?....meaning what tools do you use, and in any particular order before you buy?.
meaning.......
chart studying 5 min/hourly/daily....then
50 ma/10 or 20 ect.
candle sticks
volume
time of day
commodity channel index
trick
trin
s&p futures
cnbc news
Buy....Buy....Buy
Thank you for your time and knowledge,
Mark Smith
Annapolis, MD
e-mail: marksmithbmw@yahoo.com
Answer Dear Mark,
I have been away on vacation this past week, so I'm sorry it has taken me so long to get back to you on these questions. Unfortunately, the hard drive has failed on my main computer and I'm currently working full-time on getting that back online. When I find some time, I will attempt to answer your inquiry in full, thanks for your patience.
