| The question of where you go for your stock | | | | source they use to get their stock market info as |
| market info is simple enough. Most people generally | | | | long as it helps them make a dime. Many of my |
| go to the same places, but if you are a day trader, | | | | friends are all history buffs and love to read about |
| then you know that there are a lot of other | | | | the rise and fall of the economy over the past |
| resources out there that most people don't know | | | | century, thinking they can glean a little info that will |
| about. So, I asked a few trader friends of mine | | | | help their trading. |
| where they go for stock market info and some of | | | | 4. Good ol' Mom - I have gotten more stock market |
| the answers were somewhat surprising. In no | | | | info from my Mom than probably another person I |
| particular order, here are a few resources. | | | | deal with and that is not because she is an expert in |
| 1. Wall Street Journal Online - Most of the people that | | | | the market. In fact, all she has is a brokerage |
| I work with, especially those on the West Coast do | | | | account with a few stocks in it that have been |
| not get the printed version of the Wall Street Journal | | | | sitting, gradually making money, for the past 30 |
| - they read it online. There are a few reasons for | | | | years. But, Mom has her ear to the ground and |
| this. First of all, by reading the WSJ online, you can | | | | knows what people are buying, what they are |
| search for the information you want without having | | | | frightened of, and what they are willing to adopt. |
| to go page by page, looking for stock market info | | | | When my mom finally got on the internet, I knew |
| that suits your style of trading. Secondly, because | | | | then that it was here to stay. When she got rid of |
| the paper is printed and delivered on the East Coast | | | | her rabbit ears and hooked up to satellite television, I |
| well before they get up in the morning, it is the | | | | knew it was a good investment. Mom is slow, but |
| quickest way to get the information. And, it is | | | | she knows her stuff. |
| cheaper, too! | | | | Most traders, whether they are occasional traders |
| 2. Television - Whether it is CNBC, MSNBC, CNN, or | | | | who are investing long-term, or people who are in it |
| Bloomberg (which not everyone gets on their cable | | | | only for the day, have a habit of listening to |
| package), almost all day traders that I know have | | | | everything and then weeding it out in their own mind. |
| one of these channels running from the moment | | | | There is so much information out there right now |
| they get up in the morning until the final bell rings. | | | | that perhaps the question should be now where you |
| 3. Books, magazines, newsletters - Most traders are | | | | get your information from, but how you process it. |
| voracious readers and it doesn't really matter what | | | | |