I am just curious about how others day trade. Do you buy and sell stocks with certain criteria, such as above 10+ dollars or more.... How do you decide to enter and exit a trade?? If you don't mind sharing.
ROFL, I agree, a good chuckle there. But does Max E. Pad really wear briefs, or boxers? Or boxer-briefs?
Glad you guys enjoyed it, in all seriousness, my main criteria for stocks is volume, ill trade anything with volume and volatility, but my sweet spot is in the 10-30 range, but ill trade something worth 1$ or something worth 200$ a share if it looks good. In the morning im just scanning for whatever is moving, and look for breakouts/breakdowns plus ive got a list from the close of the previous day i want to pay attention too, then i short list it to 3-4 stocks to pay attention too and trade maybe 2-3 of them.
This is the typical Hollywood depiction of daytrading or trading in general. So wrong. You only get these if you are either running a Ponzi scheme or a boiler room scam or a scam of some sort or you are insider trading. Most traders' typical day of daytrading mine included I would say is like this: Many times it's like this: Sometimes it's like this:
Bill Clinton is a VERY creative guy with that cigar...you have to give him that. Too bad his wife didn't win. We could've had him for another 4 or even 8 years.
The ideal, expert trader should look like this...regardless of if it's a good day, or a not so good day; -- Emotions are killers in trading, I kind of treat trading, when the opening bell rings,...like a spiritual karate/yoga dojo and a surgical room.