Any of you daily trade in the stock market?

[xena]

Originally Posted by Fivecats

Ameritrade has been bought by Schwab... Anyone in the mix?

They bought a few years ago but the software hasn’t changed yet.
I have Ameritrade and dreading it because I’ve become efficient
And fast scalping calls and puts with it. Do not want to learn a
New platform even though I’m only trading on the fake account side
I have learned a great deal and will have to learn all over again. Imo
A good part of the learning curve is learning to navigate the software .

[Fivecats]

Yeh, my thoughts & concerns also. Quick & efficient take a while to establish. Cheers.

[AlexD]

I want to start, but have no idea how to do it. Was even thinking to do some online course and found this xcel solutions customer service. Again, i am still not sure what kind of course it should be and if that is a good idea to study these things online. Would really appreciate some input on this subject guys and some directions where i should move. Cheers.

[Fivecats]

It's simple, once you have determined what, when, & how... This takes lots & lots of research. Once you have "your method" down, pushing the "send" button will make you smile.

Contact Charles, setup & fund your account {$2-$5K}, with checking available.

https://www.schwab.com/

Use their data base{s} to follow & research items of your interest.

Get a three months subcription with Channeling stocks. This will teach you what to look for in buying & selling... more info.

https://www.bing.com/ck/a?!&&p=2b544...cy5jb20v&ntb=1

Note...please don't pay someone for a "special system..." Fund your account.

[John Harper]

I do trading inside my IRA accounts, that way there is no capital gains taxes levied on each trade. I'd suggest opening an IRA, and do any trading within that account. Schwab can help with setting up an IRA.

Schwab has a good MM account paying over 5.25%. SWVXX. I put $30K I had sitting in my checking account, making 0% at the time. Interest is taxable, but at least I'm getting a fair return. That might be a good first step for those with just savings or checking accounts that pay zilch in interest. You can also write checks on this account at Schwab.

I have a buy and hold strategy for the most part, which is what most professionals recommend. Build a good portfolio and stick with it. Take a look at it annually and adjust as you feel comfortable. Mutual funds are a good way to help diversify your portfolio over just picking individual stocks.

IIRC, any bundle of 20 randomly picked individual stocks should give you near average market returns. In other words, don't put all your eggs in one basket. Spread the risk.

John

[Fivecats]

Originally Posted by AlexD

I want to start, but have no idea how to do it

Once you have your account set up use the "stock screener" tool to select stocks, ect {of your choice} by their...

Price. Are they at the average price, above/below it. Is the stock likely to continue to rise/fall? Try not to buy when they are near the high. Channeling stocks will teach you what to look for, most people are not accustomed to looking at/reading charts.

Sector. What to follow, Transportation, Energy, HOG, ect. Place your bets.

Volume {50K+}. This is needed so you can buy/sell in a reasonable period of time, quickly.

Dividend & frequency. Is there a dividend to be paid should the stock fall off? Sometimes, the price will increase past what the yearly dividend will pay...time to sell?

There are lots of parameters to choose for your "save list"

[John Harper]

I think trading individual stocks, bonds, and options is the worst thing for a novice investor. He should start with some decent balanced mutual funds, explore what they are invested in and learn from there. As I said, you'll notice mutual funds are usually a "bundle" of about 20 stocks. Coincidence? Not if you do the math. What is the thing, the "beta" of the portfolio? It's been a long time, but I took several courses in security analysis at USC School of Business, MBA in Finance and Accounting. I also took two classes taught by Dr. Art Laffer, father of the dubious "Laffer Curve" used as justification to further enrich the richest since 1980. It has very narrow applications, and he stole it from theories about sustainable fish stocks and overharvesting.

Just my two cents (@5.25%).

John

[Fivecats]

Originally Posted by AlexD

I want to start, but have no idea how to do it

Did some "how to" research with the, new to me, trading platform at Schwab.
Under TRADE, my preferred method {Conditional, Contingent order} is there, easily practiced by entering and reviewing the order.
Good stuff