Day trading is all about making buy and sell decisions. When you make a trade either your going to lose money or your going to make money, and some other times you will break even. When you win some body else will lose and so forth, but that's NOT what's important.
The most important aspect of day trading is the knowledge FILTER you employ to make your buy/sell decisions. There are many "fantastic" strategies outhere, but you need to test them in order to discover which ones help you the most. That's part of your homework as a daytrader. Test, test and test again.
Complicated strategies that rely on a "boat load" of technical indicators can make you slow, and being slow in this game can be as dangerous as not knowing what to do in the first place.
I think the worst thing that can happen to a beginner trader is to get information overload. It's better to go step by step, and test a simple strategy that can show you how to focus on concrete ways to make money.
Fortunatly there are some good sites on the web today that can show you how to trade in a practical and effective way. One of those sites is Profitable Stock Market ( ProfitableStockMarket.com )
In the end, day trading is all about buying and selling according to your knowledge FILTER. Once you master and follow youre proven filter parameters like a clock, you can expect to start making serious amounts of cash on a consistent basis.
Profitable Stock Market helps traders and investors take advantage of momentum stock trading opportunities every day at profitablestockmarket.com
limousine Ackley .. Lockport Chicago limo O’HareHave you been listening to the talking heads on CNBC-TV?... Read More
Picture one of those clubs where only the real heavyweights... Read More
Whenever I see mutual fund comparisons in the trade publications... Read More
The trash business in its efforts to cook their books... Read More
What account size do I need?How much money can I... Read More
Inverted interest rates? What's that? Who cares? Even if you... Read More
Ever wondered what is a mutual fund? A mutual fund... Read More
Suppose your position has made a big move and you... Read More
Before they go over the cliff to their destruction these... Read More
Why? Because I am going to shatter your conventional wisdom... Read More
An insane person cannot evaluate an insane evaluation system.As you... Read More
There are so many kinds of work that needs to... Read More
Analyzing growth stocks is an important focus for any investor.... Read More
The following are a list of nine things you want... Read More
Right now there doesn't seem to be any "gold fever".... Read More
Just 30 years ago the stock market was a shadow... Read More
Before you buy another car you walk around the lot,... Read More
Let's discuss commodities; with the latest Enron situation, it is... Read More
A colleague of mine just returned from a scuba diving... Read More
Let's first define insanity. It is doing the same thing... Read More
One of the main reasons many of us get into... Read More
Have you seen all those big full page ads for... Read More
You should ignore analysts on TV, the radio, the newspaper... Read More
Mutual funds by definition are a mixed bag of stocks,... Read More
Outlined below are some of the advantages and disadvantages of... Read More
shuttle from O'Hare Alexander ..How many times has this happened to you? You're at... Read More
There are many important things you need to know to... Read More
We are already in it, but you can't see it.... Read More
Index Fund Trading can be one of the most profitable...or... Read More
As an investor you will want to check out any... Read More
Refuse is a serious issue in any society, about as... Read More
Did you run out to buy that duct tape yet?... Read More
The stock market can present you with a lot of... Read More
Hello Inflation, it has been awhile, I see you on... Read More
The following are a list of nine things you want... Read More
I go to the Money Show every year to visit... Read More
Mutual funds were created with the idea that one person... Read More
Last time we looked at the real performance of the... Read More
What can I expect to make my first year of... Read More
The Macedonian Stock Exchange (MSE) is not operating successfully. True,... Read More
One Saturday morning, while he was sitting at his computer... Read More
The bear market that showed up at the end of... Read More
When you stand on the ocean shore and watch the... Read More
The thinking process of the brain relating to the... Read More
Every day on CNBC-TV they show a 200-day moving average... Read More
"If you don't know where you are going, any road... Read More
1. Do not spread your money too thin.My friend has... Read More
You've decided to try your luck at trading stocks or... Read More
What is the Series 7 Exam? If you... Read More
As I said in Part I everyone in the insane... Read More
Stocks & Mutual Fund |