Posts Tagged ‘day trading stocks’
Day Trading Stocks Rockstar
1st in a series of videos outlining the basics of Day Trading, Showing how an average joe can open an account with 5-20k and make 0-00 a day trading the market. Will show you how i do it, and answer any questions you have. Each day.
What are the simplest day trading tips every trader should know?
I once met a day trader who has been very successful in the markets, and I asked him if there were any golden rules I should apply to my trading.
He told me that there were many rules, but I would not be able to apply them in practice, even if he told me.
Finally I convinced him to let me in on some of his secrets, and he told me, but emphasised that it takes a lot of practice to be able to work with them.
Here are the excellent tips on day trading that he gave me:
1) Watch the trading calendar and never be in a trade ahead of a report.
2) Never trade on FOMC meeting days.
3) If a volatile day is expected, at least stay out of the market during the first hour.
4) Find a trading mentor! No matter how well you think you can trade, the mentor will pinpoint your weaknesses and save you a lot of bad trades, while keeping the good ones going.
And then I thought, that sounds good, but how do I use the trading calendar to predict volatility, and how do I find a mentor that knows all of this, and can answer my every question?
After looking around and talking to many serious traders, I finally decided that I needed some education. I new what I wanted, and finally I found a great educator. Not only do they have a serious and very effective training program, but they also were able to answer so many of my difficult questions. Questions like how do I make sense of the trading calendar, how do I spot dumb money moves, how do I deal with conflicting indicators and many more questions.
Getting educated helped me out a lot, even though I have moved on from their original trading strategy, as I have slightly changed their rules. I combine everything they taught me together with what I learned from others and the results are great.
In fact, the rules mentioned above, are not to be used as hard and fast golden rules. For example I will now trade on FOMC meeting days, but I know that the early session trends to have 90% probability of fizzling out, in fact the whole day will be nothing but false moves.
To a new trader, FOMC meeting days can be so intimidating. Imagine expecting a massive rally to take place, and buying big, only to find that it goes nowhere. Imagine how many unnecessary losses this trader will incur that day.
Getting educated was my best choice ever, it was the best spent money in my life, and it has really paid off ever since! And it’s not just the money; they also saved me a lot of frustration. After attending the mentoring program, I can make a living trading the markets, just 4 days a week. Only 4 days a week! There are others who think, that they have to trade all day long and 7 days a week. And guess what, they give back most of their gains. They make less than they would in my 4 day trading strategy!
Paul Murphy is a passionate and successful trader. Always in search of the best trading systems, and researching ways to help you be the best trader you can possibly be. Discover how to improve your trading performance at his blog: http://www.tradingpowerhouse.com
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How much money could I make day trading stocks?
I’m new to stocks and am just starting to learn the ins and outs…because I’m a beginner I just want to start off day trading maybe 100 bucks worth of a stock to get the hang of it…how much could I make by just selling high and buying low all throughout the day?
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Is daytrading stocks a Full-Time Job?
I started day trading stocks since 1995. I started with about ,000 and grew it to over 0,000 until the dot.com bomb hit in the year 2000. I ended up losing almost all of it. I started to try it again and I started with ,000 and grew it to over ,000 only to lose almost all of it again. I have got reduced hours at work since April so I decided to try again with only ,000 and at this point have made it grow to ,000. I use margin which is borrowed money and buy the most risky stocks available. I live with my mom and I told her that I feel this is Full-Time work but she feels I am expected to work at a 9-5 job regardless. I never told about how much I gained or lost. Does it sound like my stock picking skills are weak or is it like I feel more like a Full-Time job? If you were me would you continue to pick stocks on my own like I do and try to work also or shouldn’t I pick stocks at all?
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Day Trading in Canada?
What would happen if all I did all day was bet on the Direxion Triple funds like FAS and FAZ (financials triple long/short)? What happens if I make 1000% in a year because of how easy it is today. heck it was a no brainer today to buy FAS at 2-2:30pm EST today and that was around under 8.50 per share then. It closed today at 9.90 which was over 10% in over an hour time! Not only that, but I would put a stop loss at 9.10 area under the support of 9.16 and look for more gains tomorrow and not sell at the end of the day.
As a Canadian, am I aloud to keep buying and selling US Stocks?
If not, there are great double yield ETF day trading stocks here in Canada
If I have a Canadian Dollars account, is it aloud and do I pay for a US Exchange fee of some sort?
If I have a USD account, do I pay fees for deposits and withdrawals to the trading accounts?
Who do I trust with my money? ETFC (E-Trade) seems very hard to trust as their stock has gotten beaten down so badly as they were losing way before the economic collapse of October/Nov 2008. Should I trust them if the economy even crashes more?
TD Waterhouse? Are they good?
Right now I trade with Scotia, but I can only trade intermediate/longterm which I do not want to. I want to be able to buy at 2pm and sell at 3:55 type deal where I am not able to do that now.
Thank you all whom can help me out
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Is anyone making any money day trading stocks right now? If so, are you using a stock picking service or not?
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Can I make money trading Forex?
I have done well day trading stocks but have no
knowledge of forex. Do some individual traders
do well consistantly
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- Anyone else tried the Stock Trading Robot for day trading or swing trading? I am really thinking about getting this software, my friend has it and it looks and works well from what i have seen. Unfortunately that's how everything you don't have seems, i need a few testimonials to push me forward. The price isn't the issue because it's really inexpensive but......
- Day Trading in Canada? What would happen if all I did all day was bet on the Direxion Triple funds like FAS and FAZ (financials triple long/short)? What happens if I make 1000% in a year because of how easy it is today. heck it was a no brainer today to buy FAS at......
- Monday Lotto AU 1.5million Recent G Network private in-house lotto games have been returning a profit, over the last few weeks. With a view to tracking the outlay-to-return ratio, from today, all G Network suggestions will be in the form of "optimized games" based upon the work of Saliu. In the running of the......
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What is day-trading and how does it work?
I am only 16 and don’t have a dime to my name. For economics class I am currently taking, I must do research on the stock market and the different strategies used by investors. One strategy I don’t really understand is day trading. What is it and how does it work? How much money is needed or recommended? Do you make lots of little day trading? What are good day trading stocks? What do investors look for when choosing day trading stocks? Is day trading safe or dangerous? Lastly, once the stocks start to reach highs again in the future, how do investors day trade? Ten points goes to the answer that answers ALL the questions. I really need your help to do well on this 100 points assignment. All help is appreciated and thanks to all in advance for answering.
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Day Trading Stocks vs. Forex Day Trading?
What are the advantages/disadvantages of both, and which one can potentially be more profitable? Also, which one would be better for a beginner trader (i.e which is easier?)?
Thx a lot.
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online day trading stocks ??
any help would be apprciated !
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How can a complete beginner learn day-trading stocks?
I want to learn day-trading but it’s intimidating. I think there are a lot of sites that claim to make it easy for you that are actually scams.
Can someone kindly give me the needed steps to learn day-trading stocks to a complete beginner? I would rather not take classes as I’m a bit short on cash, and no, I’m not looking to get rich off of day-trading! A tiny extra income is all I want.
Also, any eBooks or recommendable online day trading simulators?
Thank you!
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