Online Trading class - sunday april 10, 2pm est

I am interested, but I got a few questions:

1)How difficult will the contents of this online seminar be? Will it only cover the basic stuff like how to read the P/E ratio off finance.yahoo.com? Or will it be in depth like FS analysis market evaluations? You have mentioned something about Technical Analysis... just how Technical?

2)Who are leading this seminar, and what are their qualifications and experiences? Do they have an MBA? CFA? Do they work for any IB firms?

I don't wanna be rude and ask these questions on their forums, so please fill me in the details.

by the way re
MBA

An MBA doesn't have anything to do with stock knowledge

Thats true, but I was only giving an example of what kind of answer I'm looking for

I know this IBer who have never been to school, not even elementary school,.. but appreantly he is one of the best in the feild. I think experience is the key in this field, so if these are veterian traders/IBers/consultants, then their advices should be as valuable as gold, (or oil).

It's being run by some of the best trader's around. I'm not sure of their qualifications. They just have many years of experience (when dealing with pinks/otc stocks i'll take that any day of the week over a cfa/cma designation).

This group trades pinks/otcbb stocks, most of the time trades are based on technical analysis. You mentioned reading the P/E ratio, most pinks/otc stocks don't have this available.

Basically this learning session will most likely cover how to read charts and what indicators to use/look at. I'd recommend just logging in and watching/listening to pick up some info if you have the time.

I'm half asleep writing this, lol, so if that doesn't answer your question or if you have any others, just postem here!

But, as with any stock group/forum, I recommend that you watch and listen for a month or so. By that time you'll be able to determine if they're any good and who the good traders are there.

On a side note, I'm more into swing trading (buying and holding for a few days) and I'll be there on sunday, probably just watching, listening, and trying to pick up as much as possible. One of the things I'll be aiming to learn from this is when to cut my losses and sell the stock based on trends/charts/technical indicaotrs.

Finally, the people running this learning this session are being very nice and just trying to give back to the stock group that is hosting this. And, best of all, it's FREE!!

Thanks, you've answered everything that I needed to know for now.

I am hoping that the content won't be too difficult, not too many finanical shorthands and term...like what are pinks? is it like the opposite of blue chips? I only understand simple finance terms like P/E, shortsell, speculations, etc.,

I'm doing a Post Graduate Diploma in Financial Engineering soon, plus I might plan to write the CFA oneday, so any trading knowledge will be valuable to me. And I dunno what field in finance I wanna do after. I am leaning towards M&A or evaluations (Like Standard & Poors kind of thing), where the stress isn't too high. IB got some awesome wage, but I heard the stress is just too much. I wanna see how is it like to be a broker/trader.

Final Lazy wrote:Thanks, you've answered everything that I needed to know for now.

I am hoping that the content won't be too difficult, not too many finanical shorthands and term...like what are pinks? is it like the opposite of blue chips? I only understand simple finance terms like P/E, shortsell, speculations, etc.,

I'm doing a Post Graduate Diploma in Financial Engineering soon, plus I might plan to write the CFA oneday, so any trading knowledge will be valuable to me. And I dunno what field in finance I wanna do after. I am leaning towards M&A or evaluations (Like Standard & Poors kind of thing), where the stress isn't too high. IB got some awesome wage, but I heard the stress is just too much. I wanna see how is it like to be a broker/trader.

It seems as though (from the little research I have done) you practically have to sell your soul and your life to work in investment banking.

70-120 hr weeks can't be good for you.

ruwaydr wrote:It seems as though (from the little research I have done) you practically have to sell your soul and your life to work in investment banking.

70-120 hr weeks can't be good for you.

I've heard a lot about that... but many people can't say no to a $70K entry wage. In the US, I heard a fresh grad with an economics degree + some bank work exp can get a $60K USD/year IB job in NYC. But since there is only 168 hours/week, giving up 110 hrs/ week for work is just too much.

Final Lazy wrote:I've heard a lot about that... but many people can't say no to a $70K entry wage. In the US, I heard a fresh grad with an economics degree + some bank work exp can get a $60K USD/year IB job in NYC. But since there is only 168 hours/week, giving up 110 hrs/ week for work is just too much.

Entry-level employees in IB seem to get paid the same as most Commerce grads.

However, pay increases and bonuses amount to much more in IB than in other fields of business.

A novice accountant for the Federal Government might make $55,000+ and work about 55 hours a week. An IBer with a few years under his or her belt might make $80,000-$100,000+ and work 70 hours a week.

There are a lot of people who would rather be in the accountant's bracket than the IBer's bracket (although the IBer has a greater ROI - re: hours worked).

Quality of life means more than money.

Final Lazy wrote:Thanks, you've answered everything that I needed to know for now.

I am hoping that the content won't be too difficult, not too many finanical shorthands and term...like what are pinks? is it like the opposite of blue chips? I only understand simple finance terms like P/E, shortsell, speculations, etc.,

I'm doing a Post Graduate Diploma in Financial Engineering soon, plus I might plan to write the CFA oneday, so any trading knowledge will be valuable to me. And I dunno what field in finance I wanna do after. I am leaning towards M&A or evaluations (Like Standard & Poors kind of thing), where the stress isn't too high. IB got some awesome wage, but I heard the stress is just too much. I wanna see how is it like to be a broker/trader.

To answer your question, pinksheets is just a kind of exchange, non-reporting companies are listed on here (www.pinksheets.com) and the stocks are very risky.

The terms will be basic, and if your confused on one just ask, but here are some of the basic ones they'll be using: MM = market maker, TA = technical analysis.

It shouldn't be too hard, but just to let you know they trade stocks on U.S.

But that was absolutely pathetic
I wasted an hour there and
I REALLY
was really looking forward to it

Oh well I did get one website from it
Chart School

If anyone has any websites they'd like to post
or books to recommend please post

Thanks

p.s. Can anyone personally recommend any of these
books

Spent wrote:But that was absolutely pathetic
I wasted an hour there and
I REALLY
was really looking forward to it

Oh well I did get one website from it
Chart School

If anyone has any websites they'd like to post
or books to recommend please post

Thanks

p.s. Can anyone personally recommend any of these
books

Are you kidding me? You thought it was pathetic? If you had any interest in trading stocks you would have stayed the entire 2 hours. There were quite a few good questions that were asked and very informative answers were provided. Many people learned a lot today, it's too bad you didn't get much out of it. They discussed many of the technical indicators you should be using and how to use them when looking at a stock's chart.

There were quite a few other websites that were posted in that time that were very informative.

The one book you should read if you want to day/swing trade is a beginner's guide to day trading online by toni turner.

Btw, what was your name in the chat and did you ask any questions?

Any way of seeing a transcript of the chat/lessons?