(Info from the "Nation's Number One Daytrader" )...not me, but my smarter, richer, brother. "Don't worry so much about the News, be aware of it, but remember that news can cause the extra stock movement that we crave. Do, however, stay away from stocks with earnings that day" As to scanning....this technique has not worked well for quite some time...boy, talk about too many "pigs at the trough". Everyone uses the same basic parameters, and they dive into the same stocks, only to be outsmarted by the traders who trade those stocks everyday. Look at your trading/accounting sheets. This is a good time of the year for an objective review...stock by stock. ...and see where you're profitable, and where you're not. Remember, you don't have to make the money back in the same casino where you lost it. Then..... Find the 2 or 3 stocks (max), and trade them day in and day out for a couple of months and see if you can develop a real "feel" for the them. Treat these stocks like your "children" ...know everything abou them....and hopefully they will pay you back with some profitable trading. (Same story, different view). Don
hmmm...... i couldnt load up my spreadsheet this morning either, tries repeatedly, re-booted, log in/out, everyhting, it just kep freezing up....
Another slow but profitable day for the bootcampers, especially on the opening. I hope to move them up to at least 1,000 shares by Monday, and 2,000 shares by the following Monday (as long as their winning percentages hold up). This, of course, saves them net money per share....and allows them to get to a point of making actual money vs. just a "winning percentage." Bob's coming back from Egypt tonight ....I'll get back to you all tomorrow. Don
Trying to get them trading stocks instead of killing one another. Same emotional benefit, same challenge, but a bit less messy. Probably have a tough time getting DSL into a pyramid.... Don
4 winning days with openings and 1 small loser. Today 12 fills, 4 losers, 8 winners. Mostly filled on short positions. Avg loser -.14 Avg winner +.18 Have a good weekend everyone.
I don't analyze the news, if something has any mention at all, it is gone. My experience has been that I lose much more than I ever make with news stocks, even seemingly insignificant news. CEO's wife gets another cat, stock opens up and skyrockets...... Good day here too. TXN .15 NOK .00 CE.00 MET .05 ACE .05 FON .05 BK.08 AIG .10 Never got this one on openings before. I know it is volitile so I sent MKT cover as soon as I saw I had it. After the opening... WB -.03 on 3 tries.. one short WYE -.01 Now I am off to design a rocket motor...
Wow, 2 "Hallelujah's" in one day!! Are you making rockets for the Chinese Space Station (lol)....? Don