Some people make trading sound like it was so easy starting. LX21 has made great calls even on twitter seconds before they happened so he obviously knows how to trade. In his interviews he never spills too much information but he makes it sound like he started and was automatically successful...
It's far fetched but what I'm really trying to find is stocks that are being completely powered by Daytraders or new money on the day. Those prints that churn a stock in the direction of the overall market are computers, not active traders. An example could be a low float/low institutional...
This is actually the goal, I'm trying to avoid these stocks. It's an attempt to find stocks that aren't manipulated by fake volume and fake price action.
The majority of stocks are somehow tied to the market and even on high volume/volatility can churn around and follow the same moves that the overall market is making. Today being the fed minutes, you see 1000s of stocks shoot up and sell off after the news is released. What is the best way to...
I don't think thinkorswim has the option to see optionvolume from the stock itself, you have to individually check all of the options. The option screening is also not very good
All I can say is make sure your sim is realistic like the IB one, it gouges you on everything like the real market. Thinkorswim has a paper trader and it's definitely not the same
I've been trading for 3 years and you'd think by now I should be doing better than I did a year ago. I can consistently make money every week but I always feel like it's very hard earned/grindy and requires a lot of attention (two steps forward 1 step back). A couple days out of the month I'll...
I noticed this yesterday, it's impossible to follow the live news. Too much going on at once to weed out anything important. Trade the news is also pretty bad.. It's a shame because it's basically free WSJ
Taking early profits to me is a horrible habit and is one of the main reasons I'm not a standout trader. I'll often get into a trade and if it doesn't start moving within the minute I'll Start dumping to reduce risk. The other habit is having a stock move 10 cents my way and dumping half my...
Obviously anything is possible but I thought these 2 were usually inverse, the dollars in a long term downtrend and the index is in a long term uptrend. To me the dollar looks bearish and the market could go either way, Maybe a slight bullish bias. That brings me to the other question, I thought...