I try to save as much as possible. Its always nice to have money to do things with when the opportunity arises. No need to go crazy and spend just for the sake of spending. I do have a weakness for nice Manhattan steakhouses though :D
I work at a trading firm so we are all on the trading floor and get fed economic news by our news desk. Its a good thing to know about important economic #'s because you can really capitalize when the #'s are released.
Not that I am even close to being one of the best traders but I have to disagree with your statement. For me, my best net day this year is $2450 and worst day is -$400. I've had 13 down days this year and am up 112K net so money can be made each and every day. I agree that certain days are much...
I have already started to learn the "new" tape reading which is testing black box algorithmns. I am finding that, by mesing around with bids and offers in certain situations on NYSE stocks, the black box programs tip their hands and when they do, you can really capitalize.
did you even take the series 7? Before posting and being condescending to people, you should know that nowhere in the 7 do they talk about daytrading and how to enter and exit positions. Maybe on the series 55, but certainly not on the 7.
Yes, but when the entry is so good and there is very little doubt the move will take place and go in a certain direction (intraday and with a very tight stop like Coolweb is always looking for), there usually isnt too much liquidity to take advantage of the move. You sacrifice being able to take...
How do you expect to take any real size in a trade if you are waiting for the "safest" entry? You do realize that at these moments that you are looking for, you will find the liquidity will be very poor. How are you going to compensate for this problem?