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Hi,
The reason why I'm posting this to the group,because others maybe thinking the
same way, otherwise I would post direct to the trader. Thomas you might want
to save your $877 and check out these other sites. What this is called is
playing the news. It is not as easy as some may want to make you think.
First of all you need Level II, and understand how Level II works also to use
a Level II firm. Reason no online broker will let you in before the market
opens. With a Level II firm you can use, what is called the ISLD (Island)
to place trades or INCA (Instinet) before the market opens or closes. Monthly
fees are high, about $255-$325 for data only. Realtick III is the most common
software you will use, its free when you open your account. Comm $10-$25 per
trade. And trades are generally 1000 + shares a trade. The real trick to
trading the news is just do it, don't think about it and learn to get out VERY
Quickly otherwise you'll be out of the game in a week. Walter Downs posted
something this week saying " know when to hold them, know when to fold them".
There are people who do trade only for the first hour, but they had some
trading experience first. There are 3 places to get info on Level II,
http://www.elitetrader.com , http://www.undergroundtrader.com ,
http://wwwpolartrading.com .
If you need any other info or help, email me direct.
Trade Well,
Joe Frabosilio
Thomas Beck wrote:
> The main thing that caught my attention with the "tricks of the trade"
> course was that using one of the methods you buy in to a stock being
> affected by earnings reports of upgrades at the open then sell it about
> a half hour into the trading day,hopeing to "scalp" 1-2%...then go off
> to your regular job. Is that realistic? I could play daytrader and keep
> my original line of work. Perhaps the book suggested would cover that
> stratagey at a fraction of the cost. book-$95...course $877.
>
> Thomas Beck wrote:
>
> >
> > Hello all!
> >
> > I have been a member of this list for about a year now, but this is
> > my first posting. Like most everyone else I'm looking for that way to
> > learn the ropes of short term stock trades. I've been searching for a
> > way to consistently take advantage of short term moves (who isn't).
> > There are plenty of people looking to sell dreamers like me a
> > "system".What I'm looking for is a real world practical education. I'm
> > not completely new to tradeing, and have had some success up to this
> > point, but mostly due to dumb luck, like being in on that latest AOL
> > move.
> > In my searches, there is a site called "tricks of the trade" by
> > Jack Carter" that seems to offer what I'm looking for. The sales pitch
> > is slick...too slick, reminds me of those breathless newsletter offers
> > we all get in the mail. For me red flags go up any time I start hearing
> > "bonus free reports-with membership","act now offers",and "Its easy to
> > make money in the market, anybody can do it claims".
> > I've wasted money on courses before and would prefer not to repeat
> > my mistakes they were either exaggerations of simple ideas or too
> > complex and theoretical for practical use. Does anyone have any
> > experience with this course, is it for real. Is there a similar course
> > or book that would be better.
> > Thanks in advance for any response
> >
> > no affiliation with the above course
> >
> > thombek@xxxxxxx
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