What to do

Time needed

Read this book carefully. Try to understand the patterns and the Alert-Trading trading style. If you have questions just send us an email to [email protected]. We will help you and answer all your questions within 24 hours, if possible.

Keep in mind that you can also find much information on our homepage at http://www.alert-trading.com/. Also, check the FAQ on our homepage at http://www.alert-trading.com/Faq.htm. It�s a great source of information too!

2-3 weeks

Once you are sure you want to start with daytrading, pick a broker of your choice. We strongly recommend a direct access broker and not a web based broker. Consider, it usually takes about 2-3 weeks until your account is open and you can receive data and place orders. Get familiar with the software. Create your own layout and make sure you have everything you need. Learn the most important functions.

3-4 weeks

The next step is starting with paper trading. Some brokers offer a demo trading mode with their software. Make use of it but consider that even real-time demo trading differs much from real trading.

Join the Alert-Trading chat room to get trading alerts for high percentage trades and other useful information. Observe and paper trade for at least 3 weeks if you are an advanced trader or for at least 6 weeks if you are new to trading.

Join the Alert-Machine channel to get real-time alerts of interesting stocks. This will help you to learn the patterns and get experience. The more situations you get to observe interesting stocks the faster you will learn the patterns. That�s the idea of the Alert-Machine. Once you are ready to trade with real money the Alert-Machine will provide you with plenty of trading opportunities during the whole trading day.

Paper trade:

* Advanced traders at least 3 weeks

* New traders at least 6-8 weeks

If your paper trades are successful and you believe you are ready to make your first real trades, pick the slower stocks and start with 100 shares. Try to have command of slower stocks before you trade faster ones.

As long as you don�t have at least 70% winners (may take several weeks)

If you are successful, increase share size by 100 shares increments. You should have at least 70% winners for at least one week before you increase share size.

As long as you don�t have at least 70% winners (may take several weeks)