"Always keep your losses in the same proportion to your profits. For example if you average $400 profit per trade you losses shouldn't be more than $400 per trade. If your losses are greater than that than you need to review your trading skills and know why its happening."
this is a great...
TICKETWATCHER,
We do have similar styles....i have not figured out how to play opens as i am usually uncomftable without the daily range being established first but i do play opens as much as possible and they do provide the best dollar movement of the day on dow stocks....I once bot MO when it...
bear markets dont start when the sp500 price/earnings ratio is in the mid teens....I may be wrong about that but im pretty sure its never happenned before....Maybe, "this time its different"?
what are the fees on etf's and dia?I have played oex index options and you just pay your commission....I hear there's exchange fees or something with etf's and dia???Can someone explain...I might start playing dia since i follow/trade the dow30 so exclusively...
i think C is gonna get wacked hard to 25...too many think this is a bottom...Citi is floundering at the bottom it doesnt even bounce.Even when the CEO left the stock tanked 8 points...You would think something positive would happen....The only thing you hear is every body saying this is a...
"I suggest you keep the risk under 2-3% of your account at all times"
thats for long term trades not daytrading...i am talking about 20-40 cents on dow30 stocks.NO spreads on the bid ask either...
actually i guess my madness is ok...but i am not happy with my bottom line for all the work...
I trade dow stocks only.
These are pretty safe stocks so they dont swing too wildly either way.When i am trading them intraday i am looking for greater than 10cent move...I trade off intraday supprt/resistance....
On a stock like T,ko,ge i dont know how you could place tight stops without...
Since cutting losses is the most important technique in successful daytrading,what parameters do daytraders here use to exit losing stock,futures trades.
For ex:do you get out when a stock goes 10,20 or 40 cents against you?
You will become very successful if you can conquer/overcome this:
" I have found that the tips and advise I give other people are sound!! For some reason I find it, not impossible but difficult to follow "
You have pinpointed your problem but you do not want to change it....Its all...
LA TIMES has an article on gas prices and how this is the first winter that oil hasnt had a pullback in price and that means summer prices are gonna be real high...As in 4$ gas.
Once it cracks 100 i think it will hit 110 fast.Looks like its just basing at 90....Scary stuff.
CERTAIN ASPECTS OF THE MARKET ARE RIGGED AT TIMES...XMAS always magically moves the market up on no volume.The last hour of trading day,especially last 20 mins, sees wild price fluctuations without news.That is why i dont trade holidays or last hour.The market open also has bizarre action but i...
"But you add $20 per share to the basis of your replacement shares. Those shares have a basis of $52 per share:"
Thank you...is this a new revision since the 90s?
i remember if i wanted to make a graph of a stock that i just started to follow i would have to go the library and pull out as many backcopies of the wall st journal and get the daily price quote from there for each trading day.Then i would have to plot a graph later.Oh, those were the...
If you sell your stock for a loss on Dec 30 you are not allowed to buy it back for 30 days -if you do so you will not be allowed to use the loss as a write-off....This is correct today?
mcd,ko,rimm?
how bout cmg?
i dont care about cmg,rimm but i do trade dow 30 stocks and ko,mcd have been on a tear.A lot due to us currency and global earnings.MCD is is really overdone imo....and that loudmouth,idiot, jeff macke, loves it.
technically that looks like a hs top starting from april til now...funny,the dow chart looks like a hs bottom from about beginning of nov or mid oct i think....
Here's one thing to consider the sp500 trades at a historical lo-hi price earnings ratio range of about 14-30....
It never has...
i think some people know how to trade small caps etc and others just get clobbered by them.
i now trade only the dow 30 stocks...i dont want to figure out what potential a little puke company has or not-its too much mind games....When i trade T or KO or MSFT i dont need to find out or figure...
not to be argumentative but CSCO last quarter bombed after great quarters of growth and ORCL did the same earnings report implosion last year after steady quarters of growth.
I mention these 2 stocks because they are among the most widely followed and traded stocks.They also point out that bad...
"Now, that's funny to hear all the technical talk -- don't forget that fundamentals come into play sometimes... have you done a valuation for this stock? $5 bucks? really? "
No,it will come down 5$ to around 25$...thats what it looks like it wants to do technically.
for daytrading i would never trade a stock with less than 2 million shares avg vol.... i used to see lo vol stocks have their vol and trading interest just dry up and then you get stuck holding the bag.....A stock with a heavy vol shows there are many established and vested participants.