I dont day trade, or make that kind of cash, but for traders that trade fast moving tech stocks like apple and google... 1 point is nothing compared to how far these stocks can go in a single day.
For those that make 4 or 5 grand a day net
- Thread starter FastandFurious
- Start date
I dont day trade, or make that kind of cash, but for traders that trade fast moving tech stocks like apple and google... 1 point is nothing compared to how far these stocks can go in a single day.
I put up 5K of my own money and, with the help of prop leverage, have turned it into almost 190K so far this year (1K+ avg per day).
I wouldnt have been able to do it with just retail leverage of course, but nonetheless, if you have 10k, you can figure out how to do a lot with it.
I wouldnt have been able to do it with just retail leverage of course, but nonetheless, if you have 10k, you can figure out how to do a lot with it.
Are you daytrading to make that kind of cash or are you night trading. I have a full time job and really don't won't to quit it but would definitely like to reach a level of a couple $100 per day.
Do you play stocks or options? or both?
Do you play stocks or options? or both?
I trade equities full time and intraday only. No overnights.
Sounds like I need to get onboard with my research.
I will have to figure out how to trade equities. I only trade stocks currently.
I will have to figure out how to trade equities. I only trade stocks currently.
me too 
Crazed, they're teasing you (in a gentle way )
Equities are stocks. The other major classes of tradables are:
- futures contracts (index, financial, currency, commodity)
- forex (the bucket shop forex dealers)
- harder to turnover stuff like houses, art, diamonds etc.
Most here would suggest that stocks/equities were the "easiest" if you want to make money.
)Equities are stocks. The other major classes of tradables are:
- futures contracts (index, financial, currency, commodity)
- forex (the bucket shop forex dealers)
- harder to turnover stuff like houses, art, diamonds etc.
Most here would suggest that stocks/equities were the "easiest" if you want to make money.
I use:
12 moving averages (7 sma, 20 sma, 13 sma, 50 ema)
2 volume bars
2 bollinger bands
1 MACD
1 ADX
1 CCI
what indicators, etc...do you base your decisions off
I use all my indicators before i buy or sell.
I use the MA's to see how "Healthy" the stock is. I like to see the stock rising off an MA for as long as possible, and crossovers for new trends.
I look at Volume to see where heavy selling/ buying is taking place and use that in my s/r analysis
Check Bollinger bands to see if price has penetrated the bands. The deeper the price penetrates the bands, the faster the stock will reverse.
I use MACD on weekly charts to get a "heads up" on possible changes in trend in the near future.
ADX I think is highly overlooked, and I dont know why. On 1/13/06 the ADX reading for AMD was 44+ . Any trader who uses this great indicator would NOT short AMD here because any reading over 30+ indicates that AMD is in a strong trend. Any short seller would have got SLAUGHTERED. The reversal began on 3/3/06 ( 6.64 points later). I want to know how strong the market is before I fight the crowd.
CCI is great, but the problem is that over-bought and over-sold levels can remain in place for a long time. Shorting or going long just because CCI is giving -100 or +100 is a foolish reason. I like CCI because I want to know what the market thinks about its value, and if I'll be paying too much for a stock.
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its 4:33 AM, and I'm tired. If I left anything out..sorry.
ok, what indicators that makes you take action? It seems that's quite a bit, and how many of those does it have to agree?