Stock Trading Ideas and Resources

Stock Trading Ideas and Resources
FinViz.com gives you a great overview of the Stock Market.
Here's a tutorial on what it offers: http://www.finviz.com/help/guided-tour.ashx

http://www.FreeStockCharts.com gives you a lot of wonderful charting features and indicators.
I especially like the Chaikin Money Flow Indicator, which sometimes is a leading indicator of stock price. Sometimes the site in general seems rather slow, that's my one complaint so far. For example, Scottrade real time charts update faster

Steve Bigelow gives free stock chat sessions every Thursday and teaches seminars on how to trade using Japanese Candlestick charts. Using his approach you learn how to limit your losses and let your profits run. See: http://www.CandleStickForum.com

http://www.Scottrade.com is great if you are not too active in stock trading, but want to trade from-time to-time. There is no monthly fee and each trade is just $7. You can always call and talk to a broker. However, I've found that they are not so knowledgeable about their own trading system -- not so well-trained. For example, they couldn't tell me how to set an automatic market order to sell of a stock when it trades up to certain price. However, for simple, stock investing Scottrade is a comfortable broker to use.

http://www.TradeStation.com is very sophisticated, but can be more expensive than Scottrade if you don't trade very often.  TradeStation costs about $100 a month for their trading platform and $3 more for exchange fees. The cost per trade is just a penny per share. That's only $1 per share if you are trading 100 shares.  If you do a lot of trades, say, 100 per month, you could save $600 per month over Scottrade on the trading fees.

After Hour Trading  -- Sometimes it is nice to know how stocks are trading in after hours.
Here's a good resource for that: http://dynamic.nasdaq.com/aspx/extendedTrading.aspx
Warning: trading in after hours can be very dangerous and the stock price can be extremely volatile. Experienced traders can make a lot of money once they learn the pattern of stock in after hours trading. but after hours trading NOT RECOMMENDED FOR MOST PEOPLE!

Stocktrading News and Trading Ideas
http://www.midnighttrader.com/ -- breaking news about stocks going up and down, financial reports on stocks, suggestions on how to trade the news. They have a free trial but it costs about $30 a month if you decide to keep the subscription. It would be well worth it if you are an active trader, in my humble opinion.

Twitter. You can get stock trading ideas via twitter using http://stocktwits.com/ -- it gives a nice chart of the stocks you are interested in, too. Just remember to think for yourself. Don't follow other traders, but develop your own trading plan and stick to it. My ex-girlfriend used to say she just wanted to buy a stock and put it in a drawer and then pull it out in 20 years. That could be a plan, but if you use it, you'd better buy the right stocks!

Spotting Fraudulent Companies
http://www.Asensio.com  -- A guy named Asensio makes his living finding companies that are trying to deceive us.  He issues reports on the companies, who often fight back by taking him to court. He makes money by selling the stocks at a high price and then buying them back at a low price. (This is called shorting the stock.)

Other websites related to fraud discovery are:
http://www.frauddiscovery.net
http://www.IbizReporting.com

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