My Stock Market Recommendations

People email me all the time asking my for my stock market recommendations. More specifically they want to know how to start trading without spending a fortune. Unfortunately I have made a lot of mistakes by spending a lot of unnecessary money trying to learn more about trading. My goal is to help you start learning how to trade without spending a lot of money. Before we get started I want to make it clear that I have personally used the below stock market recommendations. If you don’t see it on the list I either have not used it or do not recommend it. If you want to ask me a personal question or clarify anything feel free to email me here.

Stock Market Recommendations – Chat Rooms

Investors Underground

Investors Underground LogoInvestors Underground is where you can find me everyday. It is also my top recommendation. I have found over the years that their education and chat room are the best (of the best) money can buy. It has worked well for me and so it shouldn’t be a surprise that it is on the top of my stock market recommendations. Investors Underground offers a group of great moderators, live calls, daily watch lists, nightly videos and bi-monthly Q&A webinars. You’ll also have the opportunity to learn from a great swing trader, Michele aka @offshorehunter, for the “slower paced” trader. All videos and webinars can be accessed at all times as they are archived and recorded for later use. Oh and 1 other thing… you can always send me a nice hello message in chat. 🙂

Penny Stocking Silver

timothy sykes logoIn my opinion the Millionaire Challenge is a very costly program. That is why you won’t see it as one of my stock market recommendations. However, if  you want to join Timothy Sykes’ chat room I suggest the Penny Stocking Silver program. It offers a great alternative for those who want to learn from Timothy Sykes and conserve their capital at the same time. I actually began my day trading journey with the Penny Stocking Silver package and then upgraded to the Millionaire Challenge. Penny Stocking Silver offers daily chatroom access along with a daily 5-10 stock watchlist. It offers realtime SMS, email and push alerts as well as realtime profiDing trade alerts. The best part is you get access to his 4,400+ video lesson library & his weekly video lessons. Do yourself a favor if you go this route… Watch ALL of the videos.

Stock Market Recommendations – Videos

Textbook Trading

Textbook TradingThe Textbook Trading DVD is my all time favorite trading video. I can honestly say that this video made the difference in my trading immediately. In fact, I still reference back to it today. The Textbook Trading DVD is a comprehensive and detailed trading video that covers long and short setups, terminology, charting, technical analysis, emotions, OTC trading, brokers and trading tools necessary for trading. Out of all of the stock market recommendations this is the one I recommend the most. More specifically if you are only going to buy 1 video on trading and nothing more, look no further, this is the one. LOVE IT!

Tandem Trader

tandem traderIf you want to watch a series of great trades with a few horrible ones thrown in there then Tandem Trader is a must have. It is not a stand alone video and you should see The Textbook Trading video from above first. However, if you are getting more familiar with trading and want to learn more in depth setups on both the long and short side then consider purchasing Tandem Trader. It covers trading rules, Nasdaq longs, parabolic shorts, faders, OTC trading, level 2, float rotation and how to scan for stocks. Personally I bought both videos separately because came out a few months apart. However, buying the The Textbook Trading video and Tandem Trader together gives you an opportunity to get them both at a nice discount.

Trading Tickers

trading tickersTim Grittani and his millionaire breakthrough story is what got me started looking into day trading. “Trading Tickers The Long and Short of it,” is his comprehensive video that puts you directly into his mind so you can learn exactly how he trades. The video is broken down into 12 amazing and helpful chapters. Intro & History, Beginner Basics, His Trading Strategies, Educational Services and Daily Preparation, Buying New Stock Promotions, Buying OTC Multiday Breakouts, OTC Short Setups, Buying Major Daily Breakouts, Shorting Lower Highs into Spikes, Shorting into Daily Resistance, Shorting Overextended Gap Downs and Shorting Bounces.  If you are a fan of Tim Grittani like I am then this is a must have video. Be sure to use coupon code NEXT100 at checkout. You will truly appreciate the savings.

 

Learning Level 2

learn_level_2Level 2 is so important. I can’t stress this enough. I watched this level 2 video a few times and used the information from it to a real time level 2 on my trading platform. This video is a 6-hour multi-disc DVD package with a that teaches traders how to use and read Level 2 quotes. You can lose a lot of money if you misread a ticker but level 2 helped me to learn how to choose better trades and better executions. The video also shows techniques to where other people place their stop losses, recognize ideal setups and to see market maker games. Unfortunately it’s nearly impossible to trade consistently profitable without knowing how to read level 2.

 

Read SEC Filings

read_sec_filingsNot many people do but I actually enjoy reading the SEC filings. It’s like discovering some long lost fortune. With that said, I won’t lie, the SEC filings isn’t one of the more fun stock market recommendations but it is very important. However, if you know what to look for you can cut out a lot of the fluff from those filings. In addition, learning about the SEC filings can give you a better picture of the true health of a company which will strengthen your conviction on a trade. You always need to have a defined risk but the SEC filings will guide you in areas that many traders never tread. Aside from learning how to read the SEC filings you will discover how to find stock scams and how to analyze companies of all sizes regardless of their market valuation.

 

Stock Market Recommendations – Books

Simple Path to Wealth

Simple Path to Wealth Book ReviewAlthough The Simple Path to Wealth is not a day trading or swing trading book, it is one of the books that changed my life and they way I think about my financial future. In fact, this is one of the only stock market recommendations that cost under $15. Even if you don’t like reading stock market related books, JL Collins makes finance easy and fun to read. Well, as fun as it can get. Don’t forget it is finance. 🙂 With that said, I truly believe everyone should pick up a copy of The Simple Path to Wealth and read it before investing in your day/swing trading journey. I promise you that you will be happy you did.

 

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How to Day Trade for a Living

How to day trade for a livingHow to day trade for a living is a great book to read if you… well… want to day trade for a living. This is probably the best day trading book I have ever come across. The author,  Andrew Aziz , breaks down the day trading process with real trading examples. This is a must read if you are beginning to explore day trading as a career. Furthermore, the authors comprehensive coverage of how to day trade, risk management, finding the right stocks to trade, the best trading brokers and trading software are all in the book. And, most importantly the right strategies you should be using to trade in and out of is all discussed in detail as well.

 

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Japanese Candlestick Charting Techniques

Japanese Candlestick Charting TechniquesI consider myself somewhat of a chartest. That means that I rely on the chart to dictate my entry and exit points in a trade. The Japanese Candlestick Charting Techniques book helped me to learn all about charting and, more specifically, candlesticks. The comprehensive coverage of candlestick technique includes everything from the basics, with hundreds of examples showing how candlestick charting techniques can be used in almost any market. When you are ready to learn an easy to understand explanation of technical analysis, this book is a must read.

 

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Mastering Fundamental Analysis

Mastering Fundamental AnalysisWhen you are ready to master fundamental analysis then you are ready to read Mastering Fundamental Analysis. This book helps everyday traders and investors into making better investment and trading decisions, while allowing them to learn at their own pace through the use of worksheets, graphs, sidebars, and step-by-step examples. Even as a day trader you will find knowing fundamental analysis is crucial. Mastering Fundamental Analysis is super inexpensive, quick to read and very easy to understand.

 

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Stock Market Recommendations – Brokers

Suretrader

Suretrader is an off shore broker that can get you around the PDT rule. You can also open up an account with just $500. I have never personally used them but some of my friends use them with success. if you don’t have a lot of starting capital this is a great option without the financial commitment. It also offers DAS trader platform which is an amazing stock trading platform for day traders.

 

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 Final Thoughts

I am sure my stock market recommendations will change over the years. Everyday I find myself learning and growing which means that this page will continue to evolve. I think it’s important to note that learning to trade is a day by day process that takes time to learn. Hopefully, these stock market recommendations that have helped me personally, will help you in your trading journey as well.

As always, if you want to ask me a personal question or clarify anything feel free to email me here.

Disclosure:

Some of the links in this post are from my sponsors. I thought you should know because honesty is better then sugarcoated bullsh*t.

Important Resources

  • Read my frequently asked questions or if you need personal 1 on 1 guidance from me on how to fully prepare as well as protect yourself from the misrepresentation please click here.
  • Every month I update this post here for my personal "Millionaire Challenge". I suggest you read the entire post and when you reach the bottom you can see my updated progress.
  • I highly recommend the Simple Path to Wealth book to grow Your wealth simply and steadily. It will educate you beyond your financial imagination. This is my review of the book.
  • If you are new to stock trading test your knowledge here with a basic stock market quiz.
  • There are a lot of secrets in trading stocks and I reveal 20 of them in this popular post.
  • If you are confused about short selling stocks then read this simple explanation that will clear it all up.
  • This free stock research tool will give you all the necessary information on any stock you type into the search bar.
  • Do your best to avoid day trading distractions. Especially the 10 I list here.
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