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Old 09-19-2006, 07:17 PM
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Re: prefilled charts of piviot points

Some trading rooms are useless in my opinion. It is also hard to find the right mentor that fits your style of trading.

If you want to pursue with short-term trading, I recommend reading tons of books on it. There are plenty of useless books out in the market but there a few that are priceless.

First thing you should do is to pick a methodology that suits you and develop it. Build a trading style and work on designing your trading setups. I don't use fundamentals in my intraday trading unless there is significant news that can cause the markets to gap in either direction. Specialize in the group of stocks you plan to trade. Learn the personality of it.

Finding a metholodogy and gaining your own trading style can require alot of work and research. You also need to look inside yourself to fully understand what fits you and what doesnt. From my understanding you trade stocks based on fundamental news? This is good for longer term investment but learn day trading strategies and you will be surprised how effective it can be by combining both methods.

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