Any day traders here???

[dio_9944]

I know what nasdaq level 2 is.
Maybe after I finish selling out this building and retire I can come play around with you guys, it sounds like a lot of fun.
hope you caught the sarcasm there
p.s. if you could lose a trade in 2 seconds I think you should be watching the screen and not chatting on EF!!!

I, and every trader lose on many trades. Anyone who attests to the opposite is a liar or the greatest trader ever.

p.s. I took today off.

Real estate?

I wish you the best.

 

[Dirk Howat]

That is confusing.

What does that mean?

And when you say that you throw all your cash into one trade----good for you. If it works, more power, but you will get cleaned out.

As for books, The beast suggested a couple of good ones, also try The Market Wizards series, as well as The Underground Trader by Jea Yu, and Pristine made a good beginner book as well.

Cheapies....ASTM in 20k blocks has been alright, drying up now though. VITX, STEM, TMTA, TASR got real cheap real fast.

Liquidity means the ability to get in and out quickly.
I do not know the average $$ amount an institution invests in a stock, but it is probably over a million.

I have only a couple hundred grand. I use a tier system to move in out of smaller companies.

Cheap is only relative to its future earnings power.

Getting cleaned out?
If you mean, I do not have alot of disposable cash, you are probably right. I prefer to make my money growth.
As far as cleaned out as losing money. Very unlikely. Its very mathmatical. Use probablity theory.
Risk is about probability.
If you know 95 percent that you will make money. Invest 100 percent.
If you know 60 percent that you will make money. Invest nothing.

Probability equates to risk.
You just have to be accurate in your assesment of the companies future.

 

[dio_9944]

Intraday trading is about price action and volume, not company fundamentals.

TASR, gap down and drop to fourteen and change, yesterday last I checked she was at high twenty-ones.

How would you trade that based on company stats?

 

[bran987]

I, and every trader lose on many trades. Anyone who attests to the opposite is a liar or the greatest trader ever.

p.s. I took today off.

Real estate?

I wish you the best.

yes I work for a highrise condo developer, was an analyst, but have recently become involved with the more lucrative parts of the projects
Thanks for the well wishes.

 

[gonelifting]

Big mistake traders make (and myself) is holding a losing stock too long. If you can discipline yourself to sell the losers, then you're going in the right direction.

I don't day trade, but buy and sell over the course of a day or two... 7, it does'nt matter, as long as I make money. It's a part time thing. I've made $30k + in one month, only to lose it the next. Wild freaking rides. I come here joking around on Ef while I'm down about $12-$18k for that day. lol

I've backed off a little now because of time contstraints, but it's definately something I would like to do if given the opportunity.

Take a stock like ORCL Oracle. It fluctuates so much and with such volume that you can do anything with it. Just get to know the stock and keep trading that one stock, or two or five... Just know them and you'll soon learn their movements. It;'s not written in stone of course, but you'll have an upperhand on it.

I'm SOOO glad I made money in the tech boom and built my house. That's R-E-A-L Estate. Now it's just spending money I try and make. No other big purchases.

 

[bran987]

GL Rules

 

[wnt2bBeast]

stocks suck
trade some futures and options..much more fun

 

[bran987]

stocks suck
trade some futures and options..much more fun

yeah and pokemon cards rock too

 

[wnt2bBeast]

yeah and pokemon cards rock too

i made a lot of money off the little kiddies in my hood with pokemon cards..
dont overlook them

 

[Dirk Howat]

Yes, it is fairly unreal to imagine that people take advantage of the intraday fluctuations in stock price. Not only that, but that some people do it EVERY day.

This is how I did it in the begining. Tracked the top 50 rated companies and looked the greatest percent decrease then bought expecting it get a nice pop at the end of the day. Worked nice for around 8 trades until, I bought a top rated company which went down 8 percent in a day, I held for the next day, it went down 20 percent that day, the next day another 8 percent. At that point, I started to do more research on the companies I bought and read alot more books.

My record since I developed my investment philosophy is a 60 percent gain in 6 months, around $130,000.













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