The Eye of the Storm… Tuesday September 30. That’s how it felt like for most of the day today, a quiet day in between the 777 day drop we had yesterday and Thursday when the house takes up the rescue package bill vote. The bounce that we are had today started from the open, and [...]
Archive for September, 2008
29 Sep
day trading stop losses
When day trading for a living if you expect to have a long career you should always make risk management your first priority. As one of the partners of the fastest growing proprietary trading firms in NYC we get to speak to many would be professionals.
I say “would be” because in our eyes trading to [...]
26 Sep
Day Trading Technical Analysis
9/26/2008
Day trading Technical Analysis:
This market is totally driven on this $700 billion bailout package. Is the bailout plan completed or not that is the question and until this is agreed by both parties we will continue to have uncertainty in the markets. One thing to monitor is the credit markets with the Libor [...]
25 Sep
Paper Trading
We speak to hundreds of people per month, many with years of trading experience and many who are aspiring to be traders. In any case, quite often we hear them say, “I have been trading a demo account for the last year, and I have returned 40% so far”, “I am ready to trade and [...]
25 Sep
a simple filter for your day trades
In today’s high tech world sometimes the best method is the least complex. I feel very strongly about that when it comes to day trading for a living. It can be easy to get lost in the newest software and the most sophisticated system for sale. There is even software on most platforms that will let [...]
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