I don't think there are detailed consistent winning strategies that can be effectively replicated by others. In fact, I don't believe that DETAILED consistent winning strategies exist (at least not for the long term). There are only GENERAL winning strategies (like cutting losses quickly and...
I've personally never found any consistent reversal times or time periods. I like to look at overbought and oversold stochastic conditions and look for quick reversals in the futures (or same sector stocks) and steep crossings of the %K and %D lines. The timing of these reversals (if they DO...
I know that Momentum Securities software (called Lightspeed) and Sonic Trading software has an option to automatically chisel the inside bid or offer when you place your order. These bids or offers that you enter can also automatically adjust as the inside market moves until the orders are...
On the other hand, I view trading as a business. I have to if I want to make a steady income in this tough occupation. If I want to play games, I have a Playstation 2 and an XBOX.
I dropped $100K of my prop firm's money before I became consistently profitable. In all, it took me 2 years to become profitable. Fortunately, I was paid a salary during this time so I could pay my living expenses.
Nope. Been getting my butt kicked by MSFT, QLGC and other volatile stocks. I've been making good money for my prop firm in commissions, though. Please note that half a million shares per month translates to about 25K shares a day which is pretty light for an active daytrader with a lot size...
It took me about 2 years and over $100K down the drain before I learned to be consistently profitable. But even then, consistent profits these days only average about $2-4K per month my end. Some months, I've been flat. Two years ago, I used to trade over 3 million shares per month. Now, I...
It's almost the middle of November and it hit 70 degrees in NYC. I was planning on going skiing up north this winter but it looks like I'll be mud skiing instead. Is global warming a real threat to our existence? Or is the earth going through it's cyclical warming stages? Should we look to...
I think you need to take some Finance and Investment courses before you consider a job in that industry. And starting out, you'll have to do analytical stuff first. The alternative is prop trading where you'll be lucky to make minimum wage in your first year or two.