Where to start learning about stock market
and option market trading?

Trading stocks and options for beginners as
well as seasoned market players.

   Where to start >>              Let's get organized >>                  Books to read >>

Where to start your stock market and option trading?
That depends on what you already know or don't know. That's what this site and coaching is about.

Information on this site comes in three flavors...critical - important - useful. Do not conclude that all you need to do is read about trading and then start trading.  It can't be done without paying the market it's blood money in the school of hard knocks. The site is meant to be used by my students in conjunction with full one-on-one training sessions. You can study this site and others, you can buy books, CDs, videos, and you still will need to learn how it all comes together allowing you to trade with the odds in your favor. You will need a guide, a mentor, a coach. You will need www.wallstwise.com.

Previous Performance (2008)

Trade Results in 30 days 2012 >>>

Stock and options trading requires knowledge, skills, and discipline. How have all those books, CDs, & videos helped you so far? I can tell you this: the books, CDs, etc., are all useful, indeed necessary, for you to see the many things that make up the
mechanics and dynamics of the market and moves price; but it is not what will teach you to trade. It's all part
of what you need, but it isn't the secret ingredient. That ingredient comes with appreciating what you've just read or
studied in relation to what you see in the market.

YOU CAN READ AND STUDY WEBSITES, BOOKS, CDs, FOR A LONG, LONG TIME AND STILL KNOW NOTHING
ABOUT TRADING. YOU WILL NEED A COACH. THAT'S A FACT OF LIFE.

Stock market charts are dynamic, fluid, morphing, living things that upon observation you can
"see" human behavior therein. That's where you're going to start-- understanding that it's all about human behavior.
We're talking about trading here, not investing. So stop thinking like an investor if you want to trade.

That's what books, CDs, videos can't teach you that a trading coach will.

Stop worrying about what the market might do, and learn to trade what the market is doing.

 Learn what not to do in order not to lose money, and you begin to learn what to do in order to win. You learn!

Where to start stock & option trading?  First, let's not quit our day job.  If you plan properly though, you may slide into this business of stock and option trading for a living over time.  Give it a good while. You need to experience up, down, and sideway markets. You need to be able to prove consistency under those different conditions. Be reasonable in your expectations.

I will show you how you can do that without you losing your mind or a lot of money.  Does that sound reasonable?  Secondly, decide now if you want to make money or if you have a greater fear of losing money that's stopping you from participating.

  Call 772-228-8022 and ask for details or email your interest.

Trading the Stock Market training programs available here.

     If you opened a business, any business, you would want to know something about the environment, i.e., your market, your odds, your competition, etc...   Is opening a business taking a risk?  Of course it is.  Stock trading is a business.  You're going to be in a business where money, the commodity you will be working with, is sometimes cash and at other times it will be in stocks or options or futures or all of them simultaneously.  Money is your inventory, but unlike any other business where we want to unload inventory, here we want it to pile up.

     As a business, some days or weeks are going to be better than others.  If you opened a restaurant and no one came in you would still have overhead - that is a loss.  So, we know that as a business there will be good days and bad.  The net result at the end of the week or month is what matters most.  Were you, your business, profitable or not?  You can't give up due to losses, but you do have to learn to accept losses and keep them small.

    Accept losses as just a bad day at the business.  There is no one on this planet who can tell you what will happen in the markets tomorrow or the next minute for that matter.  There are simply too many variables, too many participants reacting to changes in those variables to make an absolute prediction, therefore losses are inevitable. 

 What you will learn is how to put as many of those positive variables on your side, thereby putting the odds in your favor, and thus trade with confidence. .  We can protect against losses, but we can't elliminate them, and you will learn how to protect your money.

     There are two sides to a trade, a buyer who buys at the ASK price and a seller who sells at the BID price.  Did you ever consider that you are buying a stock thinking the price is going up but you're buying it from someone who obviously thinks it's going down, otherwise he/she wouldn't sell it, would they? 

Welcome to the fear and greed of the market.  You need market risk, which is actually opportunity, and you must accept the risk.  You must be in the market to be able to participate in the big moves.  For every bull there is a bear and vice versa.  That's what makes the risk (along with a dozen or so other variables) and therefore the marketplace.

     Understanding that this is a business, where do we find a stock to trade?  We will use two classic approaches, the Top Down or the Bottom Up approach.  And these approaches will bring us to a complete action picture as show below:

 Today's "Trader Thoughts" FREE >>

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Let's get organized.

You have already started by your association with a trading coach.  You'll use your software, of course.

 Note:  If you are just getting involved in the markets you will feel, at some point, like there is just an overwhelming amount of material to know before you trade.  The amount of information out there is endless.  However, there is a difference between what you actually need to know in order to trade and all the 'background noise' available to you in the markets.  Just don't panic, you can learn this.  The way you learn it is to follow the instructions and allow things to fall in place.  In its simplest terms you can trade using only the charts.  My perspective is that the charts are affected by the market environment that you plan to trade in. 

1. Determine your True Risk Capital.  Is this capital you can truly afford to place at risk?  It is preferable to start with less and have a greater comfort level than to commit too much right away and be uneasy from the start.

2. Determine your trading style.  Become familiar with common styles, day trader, swing trader, buy and hold, aggressive, conservative, and determine your focus timeframe and style.  How much time can you devote to trading?  How patient are you?  Let this process evolve rather than dictating to yourself in advance of practical experience.  You will find a style that fits over time.

3. Acquire a solid trading foundation.  You have taken this step already.

4. Learn specific tactics.  This course includes a multitude of advanced tactics with examples taken from the market itself.

5. Learn how to read the market internals.  Learning how to read the market indexes and market internals like a professional helps you avoid being one of the herd, and assists in anticipating potential market moves yet to come.

6. Know how to prepare.  Upon finishing this material, you will be equipped not only with countless tactics but with suggested routines to help you prepare for the market long before the opening bell.

7. Paper trading.  Learning by paper trading before ever committing real funds is essential.  Keep a log of your paper trades.  Until consistency and a positive expectancy is developed, it is best to stick with paper trading.

8.  Have patience! The knowledge and information contained in these pages is enormous, so you should not expect to be able to apply this knowledge in a day, week or month.  Like anything worthwhile, it does take time to learn and apply.

9.  The most effective way to manage the risk associated with margined trading is to diligently follow a disciplined trading style that consistently utilizes stop and  limit orders.  Devise and adhere to a system where your controls kick in when emotion might otherwise take over.  

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Reading Recommendations Use the Amazon link at the bottom of page. Enroll by 2/8/13 and pick any 3 books shown below. "Trading for a Living" ... learn about the psychology of trading. Yes, it's important - by Dr. Alex Elders     "Technical Analysis for Dummies" Excellent!  Get this book -  it will help you to make sense of it all...highly recommended - by Barbara Rockefeller   "Candlestick Charting Explained" The authoritative abbreviated version (cheaper) of Steve Nison's classic on candlesticks - by Greg Morris "The Market Makers Edge" - A great overview of tying it all together - by Josh Lukeman "A Beginner's Guide To Day Trading Online"  -  Probably the most popular such book  - by Toni Turner "The Options Workbook" Get ready for your option trading - by Anthony Saliba "Reminiscences of a Stock Operator" This book was written in 1923 and it will still teach you about trading psychology and emotions - by Edwin Lefevre "The Master Swing Trader".. Not for beginners!  Tools and techniques for short-term trade opportunities.  This is advanced technical regarding charts, setups, entry, exits, but excellent if you are serious in the long term - by Alan Farley "The Demise of the Dollar" ..learn about strong dollar vs. weak dollar consequences and investing alternatives -  by Addison Wiggin.  "Predicting Market Trends" ... (only available in DVD format).. if the trend is your friend then it would be nice to be able to identify them early - by Alan Farley "Fundamental Analysis for Dummies" ... we talk about fundamental analysis, maybe we should really understand it... by Matt Krantz "Economics For Dummies" ... you'll hear and read about economic developments every single day in the market, wouldn't it be nice to appreciate the implications of what you just heard on CNBC or Bloomberg? - by Sean Flynn "Market Indicators" ... using indicators - from put/call ratios to COT reports - that pros use every day... not necessarily for absolute beginners but certainly something that belongs in your trading library - by Richard Sipley "Intermarket Analysis - Profiting from global market relationships"... markets just don't go up and down on their own in a vacuum. They act and react to forces greater than themselves... to catch big trends you need to know how this works. This is written in plain English, not economics-talk, with simple charts to understand... Excellent resource - by John J. Murphy

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