Trading Mentor

I would like to do stock trading, but it takes lot of time during the trading day. I was wondering if there is a good stock trading tool for people with a day job, like may be a sms message to a pda cell phone indicating stock tips and entry and exit points and allow to execute trading with a click of a button.

thanks,
John

3 Responses to “is there any good stock trading tool for people having day jobs?”

1. Thor Says:
   June 22nd, 2010 at 5:00 am

   Yes, I had text message alerts sent to my cell phone for a while.

   One way is to use limit orders to buy and stop loss orders to sell then it is pre-programmed in a way.

   But that way you can blow through the stops and end up buying what you thought was a good stock at a good price but bad news is tanking it. So you end up buying it on the way down as it falls further.

   These days there are web capable phones. But you still have to find the time to monitor everything.

   Trading is a job. You can’t do two jobs well at the same time.

   Keep your day job and "invest" well, not trade.

   That is my advice for making the most money with the least risk.

2. stepup1895 Says:
   June 22nd, 2010 at 5:00 am

   I suggest you check out
   http://www.lifestyletrader.com.au/

3. neuregel1 Says:
   June 22nd, 2010 at 5:00 am

   quit your day job

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