The best stock trading education you can get is from experience actually trading. That's why yesterday, I went ahead and picked a stock to buy because we can only learn by doing. You can spend all the time you want studying and reading about stock market investing. But you learn more by actually working with real stocks and numbers.
I put in a market order for High-Tech Pharmacal (HITK). I ended up getting the stock at $21.92. It was up again today on higher volume. I need to watch the stock now to see that it doesn't go below 7-8% of what I purchase it for. A seven percent decline is $20.39 so I'll set that as the price I will get out at if it goes down. I think the stock has power but I didn't do all the steps in picking the stock and probably bought it extended from it's base and may get stopped out because of it.
That's all part of the stock market trading education you get when you paper trade first. You can analyze your buys and sells without pressure.
The market did well today with all three of the major indexes up in higher volume or close to and that's a good sign. It's also a good sign that my stock was one of the leading stocks today up over 4% on above average volume. That's what you want to see when the market goes up. Your stock being one of the leaders.
As far as an online stock trading education, I know that my broker Optionsxpress provides a lot videos and seminars. The IBD also has many videos and lessons on line. The mock trading simulators are the best though because they can show you the mechanics of how it all works and get you in on the action before you might be officially comfortable trading.
Anyway, keep studying and I'll check back in with you later.
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