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Hi Fred
The best Daytrading site I know of is right here and it does not cost you a penny..
I read all I can out of this listserver.. Many members here have had helped me.
regards
gary
Joe Frabosilio wrote:
> Hi Fred,
>
> Daytrading is a lot of work, IMO these internet daytrading sites are not going
> to help you become a better or good trader. You are only going to make the
> internet sites very rich. Because the fees are something like $200-$500 a
> month, depending on which guru you sign up with. With any guru's site always
> ask if you can see their trade sheets. Many of these online site guru traders
> don't trade what they call out. Here is an example: XYZ guru has a site and
> claims to be the next market wizard. He charges $300 a month, 300 traders sign
> up. ($300* 300=$90k a month) Why trade? His objective is to make money
> selling a service, not trading. He or she has figured out that selling a
> service is easier than trading, any day of the week.
>
> Understanding intraday market volatility and changes? Comes from experience
> only. The market is always changeing its not the same all the time. Things
> needed for daytrading:
>
> Money $25k +
> Volume 1 million + per day
> Range 1.5 points + per day
> Money Management system you choose.
>
> If you trade Nasdaq stocks then you need to have a Level II system and an
> understanding of how Level II works. Then it will take you about 3-6 months to
> start learning some Market Maker tricks.
> http://www.polartrading.com has a good, free level II course.
>
> Stock recommendations? Here is a good book to read " Reminiscences of a Stock
> Operator"
> Others:
> God in the Pits
> The Inner Game of Trading
> Madness of Crowds- full title"Extraordinary popular Delusions and the Madness of
> Crowds"
> Street Smarts
> Hit and Run
> http://www.elitetrader.com- Level II course
> http://wwwundergroundtrader.com- book on Level II
>
> Take $500 and buy these books, you'll learn a lot more than any online trading
> site will ever teach you. Goto http://www.traderslibrary.com and get on the
> mailing list, they run specials on books you can get 3 for $39 at times. Plus
> the more books you buy the better the deals get.
>
> Trade Well,
>
> Joe Frabosilio
>
> Fred wrote:
>
> > Considering paying for subscriptions to some daytrading Internet sites.
> >
> > My objectives in subscribing are (in order of priority)...
> > 1: Learn daytrading techniques/strategies
> > 2: Understand the intraday market volatility and changes
> > 3: Lastly...to receive some stock recommendations.
> >
> > I would like to know the best sites for the dollars expended. I am currently
> > considering tradehard.com, MomentumTrader, Pristine, etc...
> >
> > Any recommendations would be helpful.
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