New to trading, book recomendations?

Hey everyone, for a little of background I am 16 years old and in high school during the day. I started investing about 1 1/2 years ago I bought my first mutual fund through vanguard. Since then I have worked a part time job and have learned a lot about investing. After reading quite a bit on this site and a few others I would like to get into trading with a small ammount of money.

I have both a scottrade and vanguard account, and in the Scottrade account I have about $1100. From what I have heard on here I am going to put about 600 dollars into NSMG and mabye one other hurricane stock. (Is it too late?, I think the prices are still low?)

But basically is what I am asking is what are some good reading materials that will teach me a lot about technical analysis? I mean reading americanbulls.com and seeing 100 turned into 16000+ in 2 years is unbelievable, and to me that looks like simply a computer program reading chart patterns and then deciding to buy/sell. If possible I would prefer online text because I dont have to spend money on the book lol

Oh yeah I forgot to mention this...

I have read all the stickies in this forum thouroughly and have read 2 books on trading. I understand basically what things are, ie support and resistance, wedges etc. but basically I am looking for a more indepth explanation, how to find stocks that are exhibiting this, and what will happen to prices after certain things happen.

I understand that wedges will happen in both directions and that they typically signal a breakout but in what direction? How do places like americanbulls.com make so much money using daily candle stick patterns? Is something like that possible to do in trading after market? (I go to scvhool during the day PST so the market is closed when I get hgome)

Oh yeah and one last thing, It seems to me that support and resistance lines are very easy to find on Big board stocks, not pennies, but with pennies how do you use technical analysis, volume/momentum? And I know that DD means research but what the hell does it stand for?

Awesome I will definately take a look at those websites but NSMG sounds like a good plan coming up here.

I disagree that it is difficult to make money with 1100 dolalrs, it may be at first for a newbie like myself though. From what I have read there are not a lot of people on here that are putting over 2000 in each trade. It seems that with much more than that you end up owning a large ammount of the stock lol.

In something like a big board trade I agree that I would prolly have to do almost all of my money because the changes are so minimal. In penny stocks .001 can be a tremendous percent change... But yeah so how does one go about using technical analysis on penny stocks?

And... I figured American bulls was somewhat unrealistic but is there potential behind the patterns they track? How reliable are their meanings? And how do you find stocks with these patterns?

Hey yeah heres the story of why I decided to get into investing...

Anyway about 6 ish years ago, my moms company, shes the Assistant General Counsil, Sun Healthcare, SUNH was coming out of bankruptcy. When the stock reemerged on the OTCBB it traded at about .01. Take a look at the stock now. It was over $14 just a few weeks ago. Now they are making a major aquisition next week and it may go even higher. All the people around my mom invested menial ammounts of money in the company (10000 dollars then would be 14 million now...) and are now rich and retired. Like my mom says she works stupid. I dont want to work stupid, and I feel by starting early I wont have to. I'm sure these opportunities are one in a million, and the chances of finding one riding one and cashing in are similar to winning the lottery, however a lot of people did it, even my grandpa, so hopefully in the future there will be more opportunities lol

ANd as for the Vanguard thing... Vanguard allows me (through a custodial account) to purchase their mutual funds comission free. Like you said stocks would be incredibly expensive and thats where Scottrade comes in.

Do you guys recommend the Gary Witt CD? I feel that it is pretty expensive and I can probly get a pretty good feel of TA on the internet for free... So far the only books ive read are the Trading and INvesting for Dummies ive read each about twice lol

Awesome guys I will definately check out some of those books and websites listed. Using those books I have decided I will use a lot of papertrading and see where things go from there.

Which papertrading website incoporates the most realistic stock purcahses. For example I want to buy MSFT and its say 42.5 x 43. For maximum accuracty should I just use the ask brice? and ignore the current market price?

ha sorry about the delayed response, been busy with school and usually get sidetracked when im on the comp but yeah bookmarked this thread

i look foreward to reading all the stuff on this page espicially amohedas and johnathon

hey amohedas, do you go to a&m? my cousin and my neighbor go there, ones a freshman the other is like a junior or senior