Recent content by saxman

what do u mean by day trader? do u mean someone who goes home flat every night, or do u mean someone who trades in front of a live screen every day?

yes, u can get stuck. unless someone wants to buy/sell their shares. my advice is to not waste ur time on those cheap stocks.

the $ doesn't come from the company, but from the trader/s who buy ur shares when u sell them.

i look at only price, volume, and chart patterns to trade. that is all u need. find the best setups and only trade those.

it seems that most of u r trading systems where u trades r automatically executed? i might be in the minority here, but i trade chart patterns and volume in equities. i feel that no computer system can comete w/ a human's visual interpretation of a setup; therefore, i'm definitely in the let...

it took me 4 months to get to the point where i made money every week. i had traded part-time for a year before that, but was completly different than trading in front of screen. about 4 months in to full-time trading i guess u can say i figured out my style. now it is just about constantly...

i use esignal and have my stocks loaded into both alphebetical lists and sector lists. i manually scan about 1000 stocks every night looking at daily, 60-min, and 5-min charts to find good setups for the next day. i also set alerts on stocks that i might not necessarily want to have up on my...

i have found that it is not an exact plan that is important, rather a routine. i definitely have developed a routine i go thru every night and morning, as well as during trading hours. this has evolved and will probably continue to evolve. u can't be too rigid in the mkts, flexibility is 1of ur...

very weak action at open had me shorting rmbs by late morning. gapped down and broke thru 10-day ma which it hadn't fallen beneath in sometime. this very day i had the stock near top of my list for possible long. its weak action on a day where mkt gapped up was clear signal for short. luckily i...

just found this site and thot i'd post my 2 cents. my advice is to trade setups no matter which way the overall mkt is moving. this is not to say the overall mkt direction is not important, rather that focusing on the best setups is the way to go. don't trade on news or what u think might...