Aug
30
How to start day trading?
Filed Under Investing | 7 Comments
I want to start day trading, but I have virtually no experience with stocks. I’ve done a bit of research on it and I really want to get real time feed to test my strategies. Is there a way to get real time feed of the markets for free? And if not could I just open and account and and watch for a month or so with no penalties?
I know all the brokers that cater to internet traders. I need a broker that provides direct real time access. If its for free, then great but even in a demo form, or if i open an accound with their account minimum. I would just like a way to get real time data so I can make hypothetical trades..
Aug
27
Obama/McCain Election Synopsis, which sounds better to you?
Filed Under Best Trading Strategies | Leave a Comment
Masseur_at_Play asked:
McCain is a defense hawk who supports the troop-increase strategy in Iraq and opposes a quick pullout. He also favors tougher sanctions against Iran. He backs free trade and the extension of the Bush tax cuts that are the cornerstone of the current economic policy. He opposes abortion rights, and he favors school choice. He is a longtime advocate of fiscal restraint and a crusader against wasteful government spending. He takes a free-market approach to health care.
Obama has a record of liberal votes in the Senate. He opposed extending Bush’s tax cuts on investments, a free trade agreement with Central America, drilling in the Arctic wildlife refuge, extending federal wiretap provisions and the confirmation of Bush’s two Supreme Court nominees. Obama also opposes privatizing Social Security and supports abortion rights. He was against the Iraq war from the start and has made his calls for a pullout a bedrock of his presidential campaign.
the above charactertures were taken from LIZ SIDOTI’s Associated Press article entitled “Analysis: McCain, Obama polar opposites”
http://news.yahoo.com/s/ap/20080603/ap_on_el_pr/campaign_analysis
Aug
16
What’s it in for these people selling seminars & self training course?
Filed Under Best Trading Strategies | 5 Comments
from time to time i see people selling forex trading course, stock market trading course, business strategy managemnet course etc. are these useful. whats in for them, why would one sell his butter and bread to others and compete with them. please justify sincerely
Aug
10
Cadidate X or Candidate Y?
Filed Under Best Trading Strategies | Leave a Comment
Mel M asked:
Candidate X Promises and Plans:
1.)Establish a $10 billion Foreclosure Prevention Fund
2.)Provide $10 billion in Relief for State and Local Governments
3.)Hardest-Hit by the Housing Crisis to Prevent Cuts in Vital Services.
4.)Extend and Expand Unemployment Insurance
5.)Provide a Tax Cut for Working Families
6.)Eliminate Income Taxes for Seniors Making Less than $50,000
7.)Simplify Tax Filings for Middle Class Americans
8.)Fight for Fair Trade
9.)Amend the North American Free Trade Agreement
10.)Improve Transition Assistance
11.)Invest in our Next Generation Innovators and Job Creators
12.)Double Funding for the Manufacturing Extension Partnership
13.)Invest In A Clean Energy Economy And Create 5 Million New Green Jobs
14.)Create New Job Training Programs for Clean Technologies
15.)Boost the Renewable Energy Sector and Create New Jobs
16.)Create a National Infrastructure Reinvestment Bank
17.)Invest in the Sciences
18.)Make the Research and Development Tax Credit Permanent
19.)Deploy Next-Generation Broadband
20.)Provide Tax Relief for Small Businesses and Start Up Companies
21.)Create a National Network of Public-Private Business Incubators
22.)Ensure Freedom to Unionize
23.)Fight Attacks on Workers’ Right to Organize
24.)Protect Striking Workers
25.)Raise the Minimum Wage
26.)Protect Homeownership and ***** Down on Mortgage Fraud
27.)Address Predatory Credit Card Practices
28.)Reform Bankruptcy Laws
29.)Work/Family Balance
30.)Expand High-Quality Afterschool Opportunities
Candidate Y Promises and Plans:
1.)Workplace Flexibility
2.)Relief for Families
3.)Government Reform
4.)Supporting Small Businesses
5.)Cheap and Clean Energy
6.)Better Healthcare
7.)Simpler and Fairer Taxes
8.)Lower Barriers to Trade
9.)Expanding Domestic Oil And Natural Gas Exploration And Production
10.)Taking Action Now To Break Our Dependency On Foreign Oil By Reforming Our Transportation Sector
11.)Investing In Clean, Alternative Sources Of Energy
12.)Protecting Our Environment And Addressing Climate Change: A Sound Energy Strategy Must Include A Solid Environmental Foundation
13.)Promoting Energy Efficiency
14.)Addressing Speculative Pricing Of Oil
15.)DC Personal Protection
16.)The Confiscation of Firearms After an Emergency
17.)Cut The Corporate Tax Rate From 35 To 25 Percent
18.)Seal the Pork Barrel
19.)Stop the Revolving Door and Restore Ethics
20.)Democracy is Not for Sale
21.)Excellence, Choice, and Competition in American Education
22.)Comprehensive Immigration Initiatives for a Secure Nation
Aug
6
Pre-Market Trading Profit?
Filed Under Investing | 2 Comments
From my understanding, pre-market trading involves limit orders that occur between 8 am and 9:29 am. So say there is an M&A deal announced and the target company (which was trading at $10/share) is being bought for about $15/share. The company’s stock price is going to go up in pre-market trading.
Now say at 8:01 am, the ask spread is 12.01, so i put an order to buy at 12.05. The trade will probably be executed since my bid is a couple cents higher than the asking price. Also say that I put in a sell order position at $13/share. At say 9:01 am, it hits $13/share, and so then my shares would get sold.
Hypothetically, I would have made $1/share i bought before the market even opened. Had this been real and all the events occurred as they did, would this strategy have worked? Or am I missing something here?