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Wall Street

nubian

nubian

Rising Star
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This thread is geared towards those who want to learn the fundamentals of stock trading. This thread is not for pumping picks.
Sorry, no Forex, Options, Mutual Funds, Bonds, etc...only stocks.]

I will try my best to layout this information in the order I feel one should learn.
*Please note that not all of the material is listed in this thread. Existing material updated and new material may be appended to this thread from time to time.

updated: 1/11/14
Rules of a trader....coming soon


Beginner reading material
Get the fundamentals of stock investing - Stock Investing for Dummies

updated: 1/7/14
It's imperative that you know how to read and know the fundamentals of Japanese Candlestick Charts
This is an absolute must in order to get a fair understanding as to what direction the market is heading.
You do not have to learn all the many different types of candles but you must know the 4 main components that make up a candle.
http://education.howthemarketworks.com/articles/how-to-read-a-candlestick-chart/

<iframe width="1280" height="720" src="//www.youtube.com/embed/gGFATfu2d-A" frameborder="0" allowfullscreen></iframe>

updated: 1/7/14
Here are a list of the different types of candles
http://www.candlestickforum.com/PPF/Parameters/16_20_/candlestick.asp

Learn about Penny Stocks?
http://thepiratebay.se/torrent/6381501/

updated: 1/7/14
Timothy Sykes videos are an absolute must. It may take you approximately at least 3 months to complete the full set. Skimming through the videos is highly unwise. If you do not understand what was mentioned in the videos, watch them again, Google the terms until you understand them.
*It's imperative that you know how to read Japanese Candlesticks before you start the Timothy Sykes videos

Ideal order to watch these DVDs are:
  • Pennystocking
  • PennyStocking Part Deux
  • Tim Fundamentals
  • Tim Fundamentals Part Duex
  • Read SEC Filings
  • Tim Tactics
  • Shortstocking
  • Tim Raw (not required but the more information the better)

A good resource for terms: http://www.investopedia.com/
Download the app on to your mobile.

If you have never traded before, I suggest you don't even trade for at least a year. Losing money is like finding out your faithful wife was never quite faithful to you. If you want to feel what it's like trading, profiting and losing money, I'd suggest you open up a http://www.wallstreetsurvivor.com/ account. There they give you $400,000 of fake money to trade with.

Stock abbreviations - updated: 1/7/14
joTlnB5VIKSrP.jpg


You must study, study, study.

Disclaimer and other notes: updated: 1/7/14
  • I'm not claiming to be a professional, I consider myself a beginner. As long as I see myself as such, this will continue to give me that drive to become a successful trader. However, there are key details I wish I knew several years ago before losing a massive amount of equity that I am willing to share with you.
  • I will not have all the answers.
  • I'm not claiming to be a financial adviser. I take no responsibility in loss of your equity.
Click to expand...
 
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An absolute must have for traders http://www.equityfeed.com/
Do not even bother registering an account until how have become a seasoned trader.
Do not even bother setting up a trial until you have become a seasoned trader.

Educational

Important useful links

Complete of Transfer Agents in the United States:
http://www.stocktransfer.com/index.cfm?action=about.network.transferAgents

Stock Market Holiday Schedule
http://www.allstocks.com/html/stock_markets_holidays.html
 
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:yes::dance::dance::dance:

Subscribed

Learn about Penny Stocks?- CHECKED AND DOWNLOADED
Investopidia - CHECKED AND DOWNLOADED
WALLSTREETSR- REGISTERED
 
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Appreciated. Don't stop contributing to this thread. I'm willing to learn.
 
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I think I have some Timothy Sykes videos on my old PC .If I find them, I'll upload them and share it for the people not on torrents.
 
The first post has been updated.
I will try to put timestamps on the material that was updated so folks aren't sifting through material they have already read.
 
nubian said:
The first post has been updated.
I will try to put timestamps on the material that was updated so folks aren't sifting through material they have already read.
Click to expand...

:yes:

Nubian Quick Question,

As i mention above I down loaded the Tim series of videos and he recommends reading, "An American Hedge Fund before watching any of the videos." That book, which is included in the download link BTW, is about 122pages. Do you also recommend reading the book before viewing the 1st video?
 
tical said:
:yes:

Nubian Quick Question,

As i mention above I down loaded the Tim series of videos and he recommends reading, "An American Hedge Fund before watching any of the videos." That book, which is included in the download link BTW, is about 122pages. Do you also recommend reading the book before viewing the 1st video?
Click to expand...

You can skip that. Anything that requires the purchase of anything you can skip.
Anything in regards signing up for his alerts are not required.
 
Updated with information on must know information such as Japanese Candlesticks.
When I first started out, I couldn't understand candlesticks for the life of me. It was like trying to read hieroglyphics. But the more and more you study trying to understand candlesticks, they will read off to you like the alphabet and 1+1=2.
 
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nubian said:
Updated with information on must know information such as Japanese Candlesticks.
When I first started out, I couldn't understand candlesticks for the life of me. It was like trying to read hieroglyphics. But the more and more study trying to understand candlesticks, they are read off to you like the alphabet and 1+1=2.
Click to expand...

:yes:
 
nubian,

In your Opinion and based on your experience. What's a fair amount of investment capital at minimum you would recommend to get started with?

I've heard people some people say if you don't have at least $10,000 to invest in stocks don't even bother.:smh:
 
tical said:
nubian,

In your Opinion and based on your experience. What's a fair amount of investment capital at minimum you would recommend to get started with?

I've heard people some people say if you don't have at least $10,000 to invest in stocks don't even bother.:smh:
Click to expand...

I know some traders who were able to turn $1,000 into $10,000+ if not more in only a matter of a few months.
With some brokerages, you can start off as little as $500.

I will eventually cover trading platforms, brokers pros and cons, etc...
This thread will constantly get updated as you guys progress.
It's structured like this so you guys jumping into the water without knowing how deep it is first.
 
nubian said:
I know some traders who were able to turn $1,000 into $10,000+ if not more in only a matter of a few months.

With some brokerages, you can start off as little as $500.
Click to expand...

Okay, last year i started with $2,000 and honestly had a hard to time trying to turn a profit. When you combined that with my inexperience, conventional stock-investing( non-penny) and the commission fees, which no one tells you about......Man!:smh:
 
How are we doing so far?
Depending on how far you guys have gotten, I may consider even doing a live video during the weekend of something.
 
nubian said:
How are we doing so far?
Depending on how far you guys have gotten, I may consider even doing a live video during the weekend of something.
Click to expand...

Starting on the last DVD #4 of Pennystocking in a few minutes. Alot of good stuff I didn't know about so far!:yes:
 
tical said:
Starting on the last DVD #4 of Pennystocking in a few minutes. Alot of good stuff I didn't know about so far!:yes:
Click to expand...

Do you understand candlesticks?
I know his videos don't really go into details about those all that much.
Knowing candlesticks, will make those videos easier to understand.
 
nubian said:
Do you understand candlesticks?
I know his videos don't really go into details about those all that much.
Knowing candlesticks, will make those videos easier to understand.
Click to expand...

A little bit from some of my previous stock education. I fully intended to go over the link you post above after I finish watching the Part I series of Pennystocking.Which will likely be tomorrow. Hopefully, by the weekend I will be done with PennyStocking I,II and the CandleStick tutorial. :yes:
 
nubian said:
How are we doing so far?
Depending on how far you guys have gotten, I may consider even doing a live video during the weekend of something.
Click to expand...

It'll take a good while for some of us to catch up, but the best thing you can do for us is to put the info out there. We'll (I'll) definitely catch up sooner or later. More likely sooner.

A live video would be very helpful. That would help simplify all this info we have to process... because it's a LOT of info.
 
Mr. Del said:
It'll take a good while for some of us to catch up, but the best thing you can do for us is to put the info out there. We'll (I'll) definitely catch up sooner or later. More likely sooner.

A live video would be very helpful. That would help simplify all this info we have to process... because it's a LOT of info.
Click to expand...

Ideally, it's best to do true honest assessment of yourself in your knowledge of stocks and the market. Are you familiar with candlesticks? Your understanding candlesticks will either bank you or tank you.
 
As someone who works in the field.. a lot of people lose money with penny stocks bc of pump and dump..I would suggest learning to play options.. where it requires little capital to make money... and you are trading options on big board stocks such as FB, TSLA, etc etc
 
nubian said:
Ideally, it's best to do true honest assessment of yourself in your knowledge of stocks and the market. Are you familiar with candlesticks? Your understanding candlesticks will either bank you or tank you.
Click to expand...

I used to be familiar. It's been a while since I've studied the basics of Stock trading, but your knowledge drop has inspired me to get back into it and take it seriously once again. Trust me when I tell you, I'll be studying hard for the next few months.

I see you're putting a lot of focus on candlesticks, duly noted. I'll get familiar once I free up some time in my schedule.
 
mhoward said:
As someone who works in the field.. a lot of people lose money with penny stocks bc of pump and dump..I would suggest learning to play options.. where it requires little capital to make money... and you are trading options on big board stocks such as FB, TSLA, etc etc
Click to expand...

This might not be the appropriate thread because the OP already has his own thing going on, but it would be cool if you created a new thread and dropped some knowledge on options trading. Give us some of your credentials, some useful resources for learning, etc.

Lets keep the knowledge flowing around here.
 
mhoward said:
As someone who works in the field.. a lot of people lose money with penny stocks bc of pump and dump..I would suggest learning to play options.. where it requires little capital to make money... and you are trading options on big board stocks such as FB, TSLA, etc etc
Click to expand...

This thread isn't about playing pump and dumps, this is simply about learning the fundamentals of day trading. There are million of legit stocks out there by real companies that aren't pump and dumps. Like FNMA (Fannie Mae), trading around $3.00 which is consider a penny stock. People can still make profits on legit companies. Please see the attached image below for your review.

BXWt2fcCAAAaUkP.png

These profits were made on FNMA within 7 minutes. I know this trader personally.

People still lose money with options. With the proper guidance and set of strict rules to follow, one can profit and keep his losses to a very comfortable minimum.

Those who lost money on pumps & dumps obviously didn't do their due diligence. I lost thousands upon thousands on going into trades. It was just not understanding why I was even placing the trades in the first place hoping the stock would go up. Too bad many don't know this but "Hope" is not a strategy. Knowing a good price/action = vol stock with fairly predictable chart patterns, placing your res/sup channels and sticking to your trading rules is. Therefore, one is bound to profit. I got tired of losing money and decided learn from as much as possible about day trading.

So no disrespect but feel free start your own thread about playing options and addressing your concerns with pump and dumps of stocks.
 
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Mr. Del said:
This might not be the appropriate thread because the OP already has his own thing going on, but it would be cool if you created a new thread and dropped some knowledge on options trading. Give us some of your credentials, some useful resources for learning, etc.

Lets keep the knowledge flowing around here.
Click to expand...

I was too busy typing what I wrote. I said the same thing. :cool:
 
nubian said:
This thread isn't about playing pump and dumps, this is simply about learning the fundamentals of day trading. There are million of legit stocks out there by real companies that aren't pump and dumps. Like FNMA (Fannie Mae), trading around $3.00 which is consider a penny stock. People can still make profits on legit companies. Please see the attached image below for your review.

BXWt2fcCAAAaUkP.png

These profits were made on FNMA within 7 minutes. I know this trader personally.

People still lose money with options. With the proper guidance and set of strict rules to follow, one can profit and keep his losses to a very comfortable minimum.

Those who lost money on pumps & dumps obviously didn't do their due diligence. I lost thousands upon thousands on going into trades. It was just not understanding why I was even placing the trades in the first place hoping the stock would go up. Too bad many don't know this but "Hope" is not a strategy. Knowing a good price/action = vol stock with fairly predictable chart patterns, placing your res/sup channels and sticking to your trading rules is. Therefore, one is bound to profit. I got tired of losing money and decided learn from as much as possible about day trading.

So no disrespect but feel free start your own thread about playing options and addressing your concerns with pump and dumps of stocks.
Click to expand...

nubian said:
I was too busy typing what I wrote. I said the same thing. :cool:
Click to expand...

:yes:

BTW, Thanks for the updated Youtube video on Candle Stick.
 
nubian said:
For those with Comcast, you can watch the live stream here:
http://xfinitytv.comcast.net/live/network/foxbusiness
Click to expand...

Recently watched the Segment with Tim and his Student inregards to their thoughts on Pennystocking and the movie, "Wolf on Wall street"

I had no idea that Penny Stock apparently have this a bad reputation and people are told to stay away.

GOOD!:D That makes me that much more interested in learning about them.

Keep the lessons coming Nubian. Finish watching the Candle-Sticks youtube video earlier! Extremely helpful:yes:
 
tical said:
Okay, last year i started with $2,000 and honestly had a hard to time trying to turn a profit. When you combined that with my inexperience, conventional stock-investing( non-penny) and the commission fees, which no one tells you about......Man!:smh:
Click to expand...



Tical I don't understand.

Last year I said invest in Amazon, Netflix, Starbucks.

Do you have any idea what those guys did last year?


You would have been sitting pretty.......


:smh:


My picks for this year, 2014:

Facebook
Amazon
Twitter
Starbucks


:cool:
 
Just my input, but I tried my hand in day trading and the way I see it, the only way it's safe is if you don't need the money your investing with. You gotta be able to leave that shit if the stock doesn't move your way, which means willing to give up that money in order to be able to actually make some mentality
 
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