Anybody buy/use J. Straw's NASDAQ Report?

Hi - just curious about results people have had with Jim Straw's "How To Make A Fortune Trading NASDAQ (Penny) Stock" ... I want to buy it - but I always investigate and ask others how they did beforehand.

Any info or takes on this report would be helpful - thank you.

I have seen the report...it's 15 years old at least....doesn;t even make reference to online brokerage or computer trading as I recall.....his basic premise is really not doable today IMO....and I trade both Nasdaq and Futures (S&P)...

It's not about unlisted penny stocks, but it IS about very, very low volume crap stocks being touted by 'pump and dump' shops....he discusses a supposed approach he used many years ago to capitalize on the hype surrounding these stocks...like I say, I trade and wouldn't even bother with this, IMO.

Originally Posted by Bruce

...like I say, I trade and wouldn't even bother with this, IMO.

Bruce - thanks for the heads up (I hate wasting time on hype) ...so let me ask you - what trading sources would you recommend?

Thanks in advance.

The best book old but still relevent is ones by Morton Sulman "Anyone can Make a Million" and "Anyone can Still Make a Million" are his best that I know of. He talked about gold when it was a low price, now look at it, he predicted that and many other things that have come to pass.

The world did not get better but worst.

I am looking forward to trading again....had an account several years ago , took 15 K to 42 in 60 days....

but.........trusting guy that I am...didnt have MY name on the account so I couldnt access my share of the profits...

next time will be different....

give me a shout ...when the trading day is over ...and we can swap stuff ..

thanks
bob

[email protected]

the nasdaq stock of your choice on a heavy volume break out...or

sell on a heavy volume drop....


heh heh

bob

As per my usual Spiel.

Do your Homework well with Lots of research and more research...

Apply Caution to all the Hype out there!

Educate yourself, by 1st Learning the Basics from good Free resources...

http://www.pennystocks.com/
http://www.pennystocks.org/
http://en.wikipedia.org/wiki/Penny_stock
http://www.investopedia.com/terms/p/pennystock.asp

Then Search out more Quality "Affordable" information with Proven results to get to the Next Level!

Keep on Growing your investments with Continual uptodate Education... Penny by Penny.

Phil

..."so let me ask you - what trading sources would you recommend?
Thanks in advance."

In books I like Mark Douglas's Trading in the Zone, it covers the real problem in learning to day trade which is 90% psychological.

also, someone I have personal experience with has a new day trading site
www.daytradingforincome.com he is actually offering training for emini's only and has just opened (but he has been trading/teaching for a long time)....however, He does not teach trading for NASDAQ or NYSE...
His training is almost like tutoring which many people need to get good at it..

The CME (chicago Mercantile Exchange) has online tutorials which are excellent and free. Personally I bought many day trading ebooks over the years, but could never get of the ground with just those books. I did like the Master Trader ebook which is widely available, author/trader is Jans.

A forum for trading I like is ASKATRADER.com which deals in all types of trading instruments (S&P eminis, stocks, etc).....hope that helps!

Phil and Bruce - thank you both ...there's so much garbage out there that if you're smart, all you can really do is investigate, investigate, investigate... (isn't that the old saying? The more you investigate the lest you invest?)... it seems like the true way to trading is literally finding someone who's doing it and mirror them or have them take you under their wing - but there are so few that will actually do that who aren't trying to just take advantage of you.

thanks again.

...it seems like whatever your trading style or whatever or whomever you follow - most say you'll need a minimum of about $3000-$5000 that you can afford to lose in order to get started. What's your take on this? I totally understand the "that you can afford to lose" ...there's no sure thing ...but it seems like the more than 3-grand part is usually what de-rails me a lot of times. is there any kind of trading strategies that allow you into the $1000 to maybe $2000 (or less) category?

Thanks much again in advance.