Stock Market Basics
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..???
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