We covered patience as a stock trader in a previous post, now we have the summer time volume kicking in for most of the day. Traders have been fortunate for most of the summer that there was amazing volatility and volume. I hope you were able to capitalize on it. Currently we are being very [...]
Archive for August, 2007
14 Aug
day trading: expectations
When trading stock for a living you don’t need to know whats going to happen next to make money. However you do need some type of model for price structure. You need this so you can begin to form as many if-then scenarios as possible. The more high percentage scenarios you can create, the more trades you [...]
7 Aug
swing trading: getting ready to short
Whether you are day trading or swing trading right now, you have to love this volatility. The extreme moves we are experiencing in both directions is perfect for short term trading. The market the last few weeks has been following a similar pattern on a daily basis, chop around the first 45 minutes find a [...]
1 Aug
stock trading: Patience
It’s very common for newer traders to come to the profession of stock trading for a living with the money mindset that they grew up with; that of getting paid dollars per hour. The harder you work the more you should earn. Unfortunately in trading this doesn’t work. You are being paid by the month, [...]
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