Hi, I'm Walter and I'm a web developer / student living in Texas. I'm 24 and have been a casual, long-term investor for a few years now but am eager to learn day trading and techniques to speed things up. Long-term is just too slow.

The only stock I have right now is AAPL. It's been good to me, and I'm a fan of the company and believe it will continue to go up, but penny stocks and day trading seems like too much fun to pass up.

Unless you have been extremely successful as a web developer, you might want to consider swing trading rather than day trading... In Day trading you have to have at least a 25,000 minimal margin coverage to be classified as a daytrader. and you will be classified as a daytrader if you make more than 3 round trips in any 5 day period. a round trip being buying and selling a stock in the same day.

Swing trading you try to pick stock you can hold a week, but at least a day....

But welcome to the board and good luck.

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The Green Trader
Sifting Penny's for Dollars

Thanks Harold. That kind of margin would nearly clean my life savings out, so you're right: swing trading.

As you can see, I'm still getting the jargon down and learning to analyze all aspects of financial charts. I have a long way to go, and am considering buying Gary Witt's training DVD. I have a few books, but they're written about a decade ago and aren't really relevant.

First off let me warn you it is not a DVD that Gary sales! It doesn't seem to work with a Mac.... but I will assure you it is worth the expense of purshasing it.

Just don't expect to watch it quickly and become a pro... Gary covers way to much information to be absorbed in just a couple viewings... at least in my case! I was so overwhelmed with the information.... I knew close to nothing about T/A .... and felt like I had absorbed a ton by the time I finished watching the 3,5 hours of the cd..... but knew that I had only gotten the tip of the iceburg..... I watch it in shour bursts now and with every watching another piece of the puzzle falls into place.

I think it is a good investment! One you couldn't go wrong with... Again Welcome to SMC and good luck with your trading.

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The Green Trader
Sifting Penny's for Dollars

Welcome to SMC!

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welcome to smc:D

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Thanks! Bump!