I dont day trade, or make that kind of cash, but for traders that trade fast moving tech stocks like apple and google... 1 point is nothing compared to how far these stocks can go in a single day.
I put up 5K of my own money and, with the help of prop leverage, have turned it into almost 190K so far this year (1K+ avg per day). I wouldnt have been able to do it with just retail leverage of course, but nonetheless, if you have 10k, you can figure out how to do a lot with it.
Are you daytrading to make that kind of cash or are you night trading. I have a full time job and really don't won't to quit it but would definitely like to reach a level of a couple $100 per day. Do you play stocks or options? or both?
Sounds like I need to get onboard with my research. I will have to figure out how to trade equities. I only trade stocks currently.
Crazed, they're teasing you (in a gentle way ) Equities are stocks. The other major classes of tradables are: - futures contracts (index, financial, currency, commodity) - forex (the bucket shop forex dealers) - harder to turnover stuff like houses, art, diamonds etc. Most here would suggest that stocks/equities were the "easiest" if you want to make money.
I use: 12 moving averages (7 sma, 20 sma, 13 sma, 50 ema) 2 volume bars 2 bollinger bands 1 MACD 1 ADX 1 CCI what indicators, etc...do you base your decisions off I use all my indicators before i buy or sell. I use the MA's to see how "Healthy" the stock is. I like to see the stock rising off an MA for as long as possible, and crossovers for new trends. I look at Volume to see where heavy selling/ buying is taking place and use that in my s/r analysis Check Bollinger bands to see if price has penetrated the bands. The deeper the price penetrates the bands, the faster the stock will reverse. I use MACD on weekly charts to get a "heads up" on possible changes in trend in the near future. ADX I think is highly overlooked, and I dont know why. On 1/13/06 the ADX reading for AMD was 44+ . Any trader who uses this great indicator would NOT short AMD here because any reading over 30+ indicates that AMD is in a strong trend. Any short seller would have got SLAUGHTERED. The reversal began on 3/3/06 ( 6.64 points later). I want to know how strong the market is before I fight the crowd. CCI is great, but the problem is that over-bought and over-sold levels can remain in place for a long time. Shorting or going long just because CCI is giving -100 or +100 is a foolish reason. I like CCI because I want to know what the market thinks about its value, and if I'll be paying too much for a stock. -- its 4:33 AM, and I'm tired. If I left anything out..sorry.
ok, what indicators that makes you take action? It seems that's quite a bit, and how many of those does it have to agree?