Soul Strut

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<blockquote> is there a book that you can recommend? </blockquote> I got a whole shelf full of stuff that I've read that I can recommend, but like FGlory said it depends on what you're interested in. Books by William O'Neil are a good place to start. Anything published by Wiley is good too, but highly academic and not easy to read if you're not a novice. Cosign on everything FGlory said above. He does this shit for a living, while I'm strictly a trend chaser who catches price swings all year round and works off of a Treo600, the Wall Street Journal, Investors Business Daily, and Bloomberg Radio. I make (or sometimes lose) fast money and get out and look for the next thing that's happening. For example, after the hurricanes hit I loaded up on options for natural gas related companies and made a nice chunk. Did it again as soon as the cold weather hit a few weeks ago. I don't have the patience to sit on a stock for a long period of time when I know I can be catching price moves in other areas and making larger returns. The only stocks I own that I plan on sitting on for awhile are VLO (Valero Energy), CHK (Chesapeake Energy), GOOG (Google), UNH (United Health), and that's it. There are some other stocks I'm holding too but don't plan on holding them for long and can turn around and sell them anytime. I'm up a considerable amount in all of them. <blockquote> my best advice to anyone interested in playing the game on the side would be to put aside some money that you would be willing to lose completely and go all out. it sounds funny, especially because i'm a relatively risk-averse trader when it comes to cash/position management, but seriously ... if you have 5, 10 thousand to play with and you can live without it ... just go balls out. margin the shit up and trade for real (after doing all the homework, of course. don't dive in head first - read up on the markets/fundamentals/technicals and make sure your system wins on balance before you start risking real money). the guys who do that are the ones who manage to turn a few thousand into millions. look into the futures markets. the shit is possible. </blockquote> See what he said above about "going for it" if you have some money you can afford to lose? That's great advice, especially if you're young and have very little responsiblity at home. That's what I did in my early 20's (I'm 30 now) and did well for myself, took a lot of lumps but learned from them and now have a pretty good side business going. <blockquote> And then start out by charting your trades ON PAPER only - no real trades executed - see how you do for a long enough period such that you become more and more aware of the nuances and idiosyncracies of the market: e.g. buying before a dividend is paid out to take advantage of what likely will be a spike in the price of the equity/etc. </blockquote> I read last week that Options Xpress has a feature on their website where you can "paper trade", meaning practicing trading without putting up any money. I've personally never tried it nor did I even check to see how it worked, but it might be worth a look.

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