[StServatius]

Hi there!

I’m a new new newbie to this site and to trading. I found this site from a book called “Day Trading for Dummies”, I’m sure that probably gives the experienced traders on here the giggles but I figured that was as good a place as any to start. I have already learned a great deal more about the markets and trading from that book and from the few moments I have spent reading this wonderful forum than I knew before, though I am not sure that is saying too much, as I didn't know anything about it to begin with but I digress...

I am a big believer in forums and use them for educational purposes for just about everything under the sun…best restaurants in the area, how to decorate a wedding cake, how to fix the computer when software won’t load right (stupid vista), and now I have found a treasure trove for day trading. Thank you for creating such a valuable resource!

Now as I said previously I am a newbie to the enth degree, before I picked up that book I didn’t know the difference between options and stocks, when people talked about the market I got this sort of glazed over lost look on my face while smiling politely and nodding my head, and when cnbc was on the tv at the gym I’d give the screen that head turned to one side confused dog look.

Now I when I go to the gym I actually put my monitor on cnbc instead of Ellen and actually understand (slightly) what they are taking about…well “understand” may be a bit of an overstatement but it’s starting to make some semblance of sense.

So here I am and I am ready to learn how to make my money work for me. I hold no delusions that I am going to “get rich quick”, however realizing a modest profit to supplement our income would be delightful.

So where do I start? I have a very slight amount of start up capital ($500 max) and would love to hear what all you think would be the best place for someone like me to get started.

Thanks in advance!

[macrylinda]

Hello,I love reading through your blog, I wanted to leave a little comment to support you and wish you a good continuation. Wishing you the best of luck for all your blogging efforts.

[TDEMT]

My first suggestion would be to turn off CNBC. Learn to think for yourself.

"Go and tell no man".......

[BlowFish]

A couple of my favourite threads are here:-

http://www.traderslaboratory.com/for...time-6151.html

This covers quite a lot including 'price action' which is never a bad thing whatever approach you decide on.(imho)

For something completely different perhaps try here:-

http://www.traderslaboratory.com/for...inks-4803.html

The Wyckoff section is not bad too.

There are a couple of threads with book recommendations too.

People tend to proffer their own favourite approaches (no surprise really) it can make it rather hard to select something that suits you. It is also easy to 'spread yourself a bit thin'. Hunt around and find something that resonates then focus on that.

Some topics seem to be less discussed money management, trade management, the discipline required, constructing a plan that provides a framework for that discipline, the mindset. Trade management is talked about in both the threads I linked.