For Those Who Want To Become Daytraders....
Day Trading Article
Exploring the world of day trading
Are you looking into a career in day trading? In the past, the tools for day trading were available only to professionals. But thanks to the power of the Internet, everything you need to get started is now conveniently online. If you have a nose for...
So you'd like to earn your living DayTrading?
You have all heard the stories of losing DayTraders running down
the streets shooting people?
During the heady .com days prior to 2001, (when Bush became
president,) there were stocks, 3 or 4 times a week that went up
from 30 to 200% a day.
It was possible, if you knew what you were doing, to check
before the market opened to see which stocks were running in
real time and why.
And, if you then had a fast electronic brokerage system you
could dive into the market, buy a bunch and sell them the same
About 1% of people doing this consistently made money.
I saw one private individual make a million in one day shorting
Corel. And then there was somebody who lost a bunch hanging on
too long to the WWWF IPO.
As a matter of fact the bottom line is that if you take
inflation into account you'd have been better off putting your
money in an old sock since 2001.
So what to do?
Give up on the Stock Market let alone give up on DayTrading?
Don't give up on the Stock Market, if you use the right system
which is a simple set of formulas you can still make 30% or more
on your money annually.
Day Trading Article
Facts of day trading
Are you thinking of entering the fast-paced world of day trading? Arm yourselves with the information from this fact sheet on day trading.
What is day trading?
Day trading is an investment tactic that does online daily stock trading with a...
this simple system $11,000 left in the market for 17 years
would be worth more than one million dollars today.
But it is not DayTrading and you still would need a strong
stomach to sit out these 17 years, because some of those years
would give you negative returns.
The bottom line is this; if you want to DayTrade there is only
one way to do this today. And that is with MINDBLOWING News.
MINDBLOWING News along the lines of:
XYZ corporation finds cure for cancer. ABC Inc invents Eternal
Life Pill DreamCar Corp invents car that runs on water. You get
And then I am going to use another qualifier: You should get
this news BEFORE most other people get it.
How to do this: For about $10 a month you can get a subscription
to real-time market news. Get your Real Time Market News at
about 6 AM Eastern Standard Time.
Say you find the real time news that a company has invented a
car that runs on water. Check the time the news was first
released, making sure that news item was not available yesterday.
Buy the stock now with money that you can afford to burn ALWAYS
USING A STOP LOSS. Most electronic brokerage firms today allow
you to buy stocks on NASDAQ only as early as 6 AM
Day Trading Article
5 Day Trading Tips for Success
If someone tells you that you can get rich quick day trading...run for the hills! There are no overnight successes, unless you are very lucky! Day Trading isn't easy, but with experience, dedication, self- control and hard work, you *can* become a...
Sell the stock at 9.28 AM EST to all the traders that are waking
up. You could conceivably double your money.
So would you then trade again in this stock after the market
opens officially? No,I would not.
Too many mindgames will be played by market makers during the
first day with the stock that produced the mindblowing news.
Remember the statement above:
"There have been very few days since 2001 that any stocks
actually went up more than 30% in one day, the oomph has
disappeared from both the Nasdaq and the Dow."
Never hold the mind blowing news stock overnight, because people
in most cases will dump it on the second day.
One more tip:
Never buy IPO's on the first day. The most touted IPO(meaning
almost all large brokerage houses were praising this IPO to the
sky) cost people the most in decreased value on the second day
after the IPO came out.
Who were the winners? The brokerage houses. So, if you have
money to burn, have a cast iron stomach and want to watch market
news from 6 AM to 9.28 AM EST, DayTrading may be for you.
About the author:
Day Trading and Stock
Trading by Frank Hague
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