Investing Lessons for Total Newbies

So you need a place to start, you understand that the stock market has potential to make you some money if you only understood it.  Here are some great, but brief videos that will start you on the path to understanding the basics of the stock market and investing.

Lesson 1.

https://www.youtube.com/watch?v=_YF_7CHudWc&feature=player_detailpage

Lesson 2.

https://www.youtube.com/watch?feature=player_detailpage&v=D8ZuWE9C0qE

Lesson 3.

https://www.youtube.com/watch?v=QnCkbhJ6mss&feature=player_detailpage

Lesson 4.

https://www.youtube.com/watch?v=KClbuV8rtUI&feature=player_detailpage

Lesson 5.

https://www.youtube.com/watch?v=Hq3J0TX0EnI&feature=player_detailpage

Choose Your Own Path

I realize after my first post that not everyone is starting from the very beginning, many have a base knowledge of investing, stocks, charts and options.  So forget the starting line, choose your path based on your current knowledge of trading.  And for me, this blog is intended to document and share my adventures in income generation through trading, primarily stock options.  So with that said, here I go...

So my financial journey started with the reading of Rich Dad, Poor Dad by Robert Kiyosaki.  This was like a light in a very dark place for me, the beginning of peeling back the layer of my thinking to see the world of finances.  I then jumped to Rule #1 by Phil Town which really greased the gears of my financial thinking engine.  I then did what I'm sure many, if not most "would be" investors would do, Google "how to trade for a living", which resulted in no less than a lifetime supply of material, training offers, opinions and the like to completely spin a person's head around no less than a dozen rotations. But I had to start somewhere so I tried a trading recommendation service (which will remain nameless) but didn't provide the results or contributed to my foundational knowledge of investing so I dropped the service after 90 days.  Then, from recommendation of a co-worker, I tried a service called Phils Gang.  Phil, while diffenent style of teacher, I non the less learned a lot recarding reading stock charts and just some basic concepts of trading.  I'm no longer a subscriber of Phils Gang, but I would recommend it to anyone that would like learn a fair amount about the Markets and trading.  I believe the service is $49 a month, but it might have gone up since I was a last a member.

Now I find myself inventorying my trading knowledge and puting it to the test in a paper trading acount with OptionsHouse.  I highly recommend you look at open a paper trading account so you can begint to test ideas and establish a solid trading technique(s) that will work with your financial goals, risk tolerance and overall confidence.  In a few days I'll be sharing  some of my recent paper trades that I've made and discuss their current outlook, i.e. profit, loss etc.

Check back later in the week for an update.

The Beginning

So, if you're anything like me, or probably many other Americans, your looking for ways to geresource.xtra cash flow.  Well, everyone has to start somewhere and that's what this, me, at the starting line, the beginning of a journey to take charge of my financial present and future.  So without further ado, your invited to join me as I learn, navigate, and document my education at the school of Hard Knox, otherwise known as trial and error, in the world of stock option investing.  I hope you'll join me in the process to gain the tools we'll need to change our financial outlook.  So let's get started!

The first step is quite simple. If you're starting like I did and know nothing or very little about investing, then we must create a foundation so that we have a basic understanding of trading, otherwise it will only be sure crazy luck if we were to ever make money trading stocks or stock options.  I've read a variety of books on investing and options and by far my favorite resource is on-line and it's free.  I highly recommend you take the time and read through each section of the investing training offered on this website.

My disclaimer, I have no, zero ties to this website; I truly find this website to be a great resource.  Get started today and don't forget to check back here to follow my options trading progress. Now, go!  Start educating yourself today.

http://www.swing-trading-options.com/index.html