Day Trading Thoughts For Tues. Mar. 31

Quote from Molec:

that is a very long post

I honestly don't see how a good trader can waste so much time making posts like that
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Go Erikrkolodny!

You are one of the best teachers in this forum. I have learned a lot just by reading your emails

Just ignore the idiots, like someone said before the silent majority appreciate your posts
 
Very good explanation. Look forward to reading more posts.

Thank you,

James

Quote from erikrkolodny:

This is the least important section of what I write. I actually prognosticate fairly accurately (as I did today although I had little confidence in said prediction). When I day trade, I go with what I see...I do not have a mindset. The crux of each of my pieces are the ideas because it is the trading of those stocks that provides me with whatever money I hope to procure that day.

The first part of my posts tend to be a lesson or an economic discourse which educates myself (and hopefully those reading) while the last part sets up the ideas for the day (the stocks I will actually be trading). If I think the market will be up at 8AM yet it goes negative at 9:45AM, I don't care. I simply shift my focus from the 'good' side to the 'bad' side from the idea list.

Good luck and be well,
Erik
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Thanks for the information.
Learning from the other investor’s point of view will only mislead you and also enable you to follow them. For instance, you think they are doing well today so you go after their track but what will happen to you when the time comes that they declined in their number of customers? In this case, you may want to go against the flow so that you can increase you profit and add them to your wealth, which is one of the goals when you are establishing a business of your own.The Contrarian Strategies can help you in this.
 
While I appreciate the feedback, I am not sure what gave you the thought that I send out e-mails because I do not. I simply make these daily posts here which give my bias in the early going as well as my idea list. So, I think/hope what you are looking for is found here.


Quote from oraclewizard77:

Can I get an e-mail also, I am spending time on trading es, and your bias for the day would be useful.
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