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
shuttle to Midway Beardstown .. Lockport Chicago limo O’HareLast time we looked at the real performance of the... Read More
On Monday, November 25, 2000 Investor's Business Daily listed on... Read More
Dollar cost averaging is one of the most popular ideas... Read More
When is a dividend not a dividend?The latest thing "conservative"... Read More
Someday you may want to retire and continue to live... Read More
One of the most believed bits of conventional wisdom from... Read More
'Sector funds are too risky.' 'I doubled my money with... Read More
I am sure that if you have a brokerage account... Read More
When the stock market is going up and all your... Read More
Are hedge funds a suitable investment for you? Hedge funds... Read More
As a novice trader, you'll often feel the need to... Read More
Cat or dog? Maybe Zebra. Shucks, I don't know, but... Read More
Now where have I heard that before? I know. It... Read More
I'll bet with almost anyone that has stocks or mutual... Read More
I was devastated!I just couldn't believe it. I was 10... Read More
Every day I hear from the "experts" on CNBC-TV and... Read More
The World Bank claims that some two billion of the... Read More
There has been great condemnation recently because China has been... Read More
The broker told me not to sell because the mutual... Read More
When purchasing mutual funds we are cautioned to read the... Read More
How do you make money without picking tops and bottoms?I... Read More
It has often been said that there is only two... Read More
Sometimes the best way of lowering exposure to risk is... Read More
The debate rages all over Eastern and Central Europe, in... Read More
In today's volatile and confusing stock markets everyone is searching... Read More
Green Bay Hummer H2 SUV rentals ..Today we are inundated with tons of information about the... Read More
Picking a beaten-down stock requires a different kind of selection... Read More
Peter is a professional trader, Paul is not. Peter has... Read More
Ever jumped out of an airplane? It's OK if you... Read More
We have two candidates for president that have really different... Read More
Jack and Jill went up the hill to fetch a... Read More
A colleague of mine just returned from a scuba diving... Read More
THERE'S SOMETHING TO BE SAID FOR standing firm in the... Read More
You remember the story about the frog that was put... Read More
This is the continuing story of our two imaginary traders,... Read More
I cringe every time I hear a novice investor tell... Read More
Sometime in the third quarter of 1997, someone told me... Read More
Every publicly traded company is required by the SEC(Securities and... Read More
Every stock market investor faces one primal enemy. An enemy... Read More
The World Bank claims that some two billion of the... Read More
There are major differences between trading stocks and trading futures.... Read More
AS BUILDERS BEGIN WORK ON THE FREEDOM TOWER in New... Read More
Hedge current portfolio positions and gain access to capital resources... Read More
If you're a normal human being, your need to feel... Read More
You have a lock on your house. You have a... Read More
An investor can find and research the best stock on... Read More
Robert Rodriguez likes to buy stocks at their lows. When... Read More
Have you bought any mutual funds this year or late... Read More
At some time in your life you have been on... Read More
When you become interested in a stock or mutual fund... Read More
Stocks & Mutual Fund |