Ok, IronChef and myself get littered with questions everytime we start posting on stocks. So i figured I would put some links and info in here so noobs can get an Idea what its about.

I can be found on Yahoo: ATLhellrotM3

First off... Ill be the first to admit this is probably the hardest thing i have ever done (daytrading). Im sure IronChef will also contribute to the insanity we go through on a daily basis. we both have high risk tolerance, which is needed for the penny market. Just food for thought: we risk daily a couple months wages from our 'normal jobs'. A lot of people would think thats insane in such a volitile market, if you do.. Please go trade the NYSE, not pennys.

And please remember
RULE #1: DONT RISK WHAT YOU CANT AFFORD TO LOOSE!!!!

Second off... ill cover some terms off the top of my head. (yes, i am sure i forgot some, but theses are ones we use daily, and u can not communicate with a trader with out them.) This is a good start for people, you have to be able to speak the same language.


Basics:

Symbol - this is what you type in to look up/buy/sell your stock

Bid - What a buyer is willing to pay for stock (the buyer bids the stock up)

Ask - What the sellers are asking for thier shares.

Rule of thumb = you buy on the ask, and sell on the bid.

Last - the PPS at which the last trade was executed

PPS - Price Per Share

High Of Day (HOD) - the highest the PPS has reached for that day

Low of Day (LOD) - oppisite of HOD


Advanced Basics:

Market Maker (MM) - these are the 'middle men'. they are the ones that buy thier shares on bid and sell the to you at ask. (rule of thumb, not always true).. my personal favorite MMs are UBSS and NITE haha.. hate them bastards.

Level 2s (L2) - shows you market depth of a security. shows what PPS a MM is sitting for both bid and ask. gives you excellent data, with out this, a daytrader is nothing.

Time and Sales (T&S) - Shows every trade that occurs. Data: Time, # of Shares, and at what PPS.

Due Dilligence (DD) - i guess you could call this home work. Its broken down into 2 cats : TA and FA

Technical Anaylisis (TA) - The study of charts and indicators

Fudemental Anaylsis (FA) - the study of a Companies basic operating foundations. which inludes : financials, sector, and anything else relating to a buss. operation.

Press Release (PR) - what a company issues to inform the general public of any news relating to the company.



Ok i dontthink i can think of any other basic defintions, if i missed one let me know.

I am a member of two message boards and browse numerous other ones:

www.thepennystockblog.com owned and run by my bud Keith

www.allstocks.com owned by a guy named Bob Frey, not always the nicest guy in the world, but good info can be found here.

Next i will copy places to do DD. My girls Jelly and Lil from thePennyStockBlog wrote this up, so i will just copy it over.


www.pinksheets.com {Company Info tab is loaded with information} {SEC Filing Tab - wow} {News Tab - Pr's at your finger tips}

www.quotetracker.com - after you set it up add a symbol quickly then charts, news, research, and raw data at your finger tips. Great charts.

DD is mainly knowing where to go.


FA – Fundamental Analysis

www.pinksheets.com - first place to look!!!! Go to Company info for o/s. r/s, name changes, and many other facts. Go to SEC tab to look for filings. News tabs for latest news that may not show up through normal wire service.

www2.barchart.com - after you enter stock symbol select opinion to see trend spotter

www.otcbbtrader.com – otcbb loser/winner by volume, price, shares, transaction, and more

http://www.otcbbtrader.com/portal/n_...ap_Report.html - otcbb market recap on otcbb and pinksheet market for the day

http://tinyurl.com/9s2wr - DD site that is great.

www.otcbb.com – otcbb news

www.boardcentral.com/index.php?view=Main – most popular stock search

www.smallcapcenter.com – otcbb resources

http://smallcapcenter.com/tools_Quic...UICKSEARCH.ASP - free filter

http://www.stockfetcher.com/ - stock filter

http://knobias.10kwizard.com/ - SEC Edgar filings


TA – Technical Analysis

www.stockcharts.com – charting web site

http://bigcharts.marketwatch.com – charting web site

http://www.iqcharts.com/education - TA, candlesticks, chart patterns education

http://www.stockcharts.com/education/ChartAnalysis - teaches chart analysis

http://www.transitionstrading.com/Chart_Studies.htm - teaching about charts


General DD

http://www.*********.com/edu/index.html - Research links

http://www.quotemedia.com/results.php - Free level II (not pink)/Delayed

http://www.nasdaqtrader.com/aspx/regsho.aspx - “Sho” list

http://www.nasdaq.com – Tons of information (insider trading/IPO’s/Most active/much more)

http://www.tradetrek.com/online.asp - General but with 5 day and 6 month forecasts

http://www.secform4.com – Free real time insider trader monitor

http://www.otcbbtrader.com/portal/goto.dll - Market Data

http://www.stockmarketyellowpages.com – search tool

http://www.rookiedaytrader.com – Some good advise here

http://www.epubsinc.com/index.php?pageName=formtypes – Edgar form types and descriptions

http://www.shellstockreview.com/ssrShellsBySym.htm - Shell companies

http://www.daytradingcoach.com/index2.htm - trading tips, education, quotes and charts

http://www.investopedia.com/ - dictionary of stock terms, tutorials

http://www.stockcharts.com/education...owtheory1.html - theory of market movement

http://www.stockcharts.com/education/TradingStrategies/ - well known trading strategies

http://our-street.com/home.htm - list of scam companies

www.sec.gov – latest filings, litigations, proceedings, or suspensions




Oohhh K.. anyone even read all this..???