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TheRookieDayTrader.com
Carrollton, TX 75007

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 Overview

Welcome to The Rookie DayTrader. We hope you will visit with us for a while. This site is dedicated to all wannabe day traders, position traders, and investors. This site is your starting point. Soon, you will graduate to the more sophisticated sites. But, for now, you need to start somewhere and that place is here. Good luck and welcome aboard.

Objective

The objective of The Rookie DayTrader web site is to:

  • Introduce and emphasize the risks involved with trading in the stock market

  • Identify the type of equipment you will need to trade on-line.

  • Guide you through the process of learning trading as a business and learning to trade.

  • Provide you with many links to sites related to trading and investing.

Summary

Introduce and emphasize the risks involved with trading in the stock market:

There are many risks involved in trading. Risk Management is very important. The SEC Investor Education site addresses this issue in detail.

Identify the type of equipment you will need to trade on-line:

Equipment comes in many shapes and sizes and bigger is not always better. Often its how you use it that counts.

Guide you through the process of learning trading as a business and learning to trade:

This is the most important portion of this site and the one section that will affect your life the most. This section is the key to your future. The section on Learning to Trade will guide you, using a step-by-step process, through the maze of information that is needed to learn the trading business. You will use this section to link to many other web sites that have been chosen for their educational content and value.

By using the Learning to Trade section as your guide, you will return to it for each step in the learning process. Be patient, go slow and learn. Don't skip over anything. Soon, all the pieces of the trading puzzle will come together.

You will be guided to such sites as the SEC Investor Educational site, Motley Fool's 13 Steps to Learning, Decision Point's Technical Analysis, Basic Principles of Trading, several educational sites, and many many more.

You will also be given a basic guide on how to do Research, several good Research Tools, and then taken to a list of sites that offer Simulated Trading with live data. Simulated Trading is extremely important as it offers you the opportunity to practice before risking real money. Simulated Trading will also help you understand if trading is really for you.

Not everyone is suited to the discipline required for trading in the stock market. If trading is not for you, do not let your pride and ego get in the way. Stop before you risk real money.

A key point to remember is that trading in the stock market is not a "Get-Rich-Quick" scheme. If you are not careful, and you fail to use good Risk Management, it will be a "Go-Broke-Fast" disaster and you will be faced with financial loss.

Provide you with many links to sites related to trading and investing:

Once you have completed the Step-by-Step learning process, you will be ready to move on to the more sophisticated web sites where a wealth of information awaits you.

Eventually, as you learn more, you will leave The Rookie DayTrader behind in favor of the more technical, detailed, and in-depth sites. However, we do hope that you will return from time-to-time

Please tell other "wannabe traders" about our site as this is a great place to begin the learning process.

Lastly, our Summary-of-Links is a complete list of links found on The Rookie DayTrader web site. It's a good quick lookup location. Even print it and carry it with you as you travel.

Next, pull up that comfortable chair or even the Lazy-boy recliner. You are going to need it. You are going to be here for a while as you begin your fantastic voyage into the world of trading in the markets.

Now, start at our Home page and welcome to the fantastic world of trading.