did my first swing trade? 340 dollars profit.

[NoDoji]

Quote from prc117f:

I just sold at 31.02 It looks like it does not want to go much higher past up to 31.10 hopefully

If they are not going to trade why bother putting in those prices?

I like looking at all the different screens, real interesting stuff, Whats amazing is how all this stuff is fed so fast to the computer all at one time. (level 2, streaming news info, time/sales,charts,etc..)

And there you have it - the 2:30 ET selloff. The chart and the market will tell you everything.

 

[stock_trad3r]

Quote from NoDoji:

And there you have it - the 2:30 ET selloff. The chart and the market will tell you everything.

Um yea..then why do so many people fail to make money daytrading?

 

[NoDoji]

Quote from stock_trad3r:

Um yea..then why do so many people fail to make money daytrading?

Bad day traders follow rumors, fight the market, set no stop loss, use margin and set no stop loss (yikes), change their trading plan midstream. My one loss this week was from changing my trading plan midstream. I tightened a stop on a volatile stock and got taken out before it rebounded to a profit within 30 minutes. But I'm still a noob with just 3 months under my belt, though I am trading for a living. Check back with me in about 6 months...