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Strategies & Market Trends : DAYTRADING Fundamentals
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To: wildandwonderful who wrote (15194)2/7/2002 10:23:22 PM
From: exdaytrader76  Read Replies (1) of 18137
 
Hi, you are in Finland, right?

I would say save your money. Internet learning or week-long seminars will not teach you how to make money. Find someone making money and be around them. However, it's hard to say that no one ever made money from what they learned on a pay web site. There is lots of great information for free though, like www.daytradingstocks.com and the DTF thread summary. www.hardrightedge.com has a free article that helped me a lot. For the couple grand that you could easily drop on education, you could trade small share sizes with a cents/share broker for a while and depending upon your discipline see how slowly you can lose money while learning. Some people learn from some chat rooms. Threei has one at www.realitytrader.com that I have heard good things about. As for Pristine, we had their educational chat room for a while. It was hard to tell if they made much money - some people say they fudge on their success record. If you do ever trade with a Pristine chat room, buy the stock when the moderator says he is looking to buy it, not after he rings the little bell to buy it because the price shoots up right away very briefly. I can't say it is definitely because of all the Pristine minions hitting the button or if Pristine is just trading common setups or what. Pristine really seemed to encourage chasing the entry. Maybe they make money; I don't know. Most of their gig was moving averages and buy after 3 bars down sell after 3 up. Oliver Velez seems to have made a career out of The Amazing Moving Average. Maybe I'm just jaded.
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