Is trading really this easy ?

Wise,

I did a quick scan on news items for RDN.


Looks like it has had some really serious trouble recently and then issued some good news re: liquidity.

And it looks like you surfed on some very serious short covering.

The % of the float short is 21.6%

That is huge.

At 10 am the stock was up 6%. In this market, that is kind of generic for a "news stock." The vol and the short interest are unique IMO.

Particularly the short interest.
 
you do realize the last couple of days have all been U-shaped, basically drop early in the day, bottom in the middle of the day, then rally at the end?

basically, you coulda bought SP500 and benefited.
 
Quote from wiesman02:

Is daytrading equities really this easy ?

If you all remember, I'm the guy that posted in career trader about trading full time retail. Well i've decided to take everyone's advice and think it through a lot more clearer, as well as write a business plan to outline my setups to entry.


Here's one extremely obvious entry. 95% of ET knows about it. But sometimes I wonder, if emotions and psychology did not play a factor, how many people would actually be profitable daytrading.

Or is it that most are just so stupid.

Well anyway, look at this: Resistance at the intraday morning high. Resistance broken around 1:50ish and a long entry for about 10-30 cents. Easy money for a $13 stock.

I've always thought daytrading is more COMPLEX than this. Well, to some degree, its not. Daytrading is what you make of it.
More...

Ok ... you really need to get off of the cloud. Trading is not easy. Daytrading is not easy. Please remove easy money from your vocab. You will lose money from this attiutde. Breakouts work until they don't. Everything is easy in hindsight. Your perceptions are waaaay off right now.

Here's some analysis... where was your stop loss? If bottom of range, you had a 1:1 r/w ****IF**** you banked at the very top. If middle of the range its still barely 1:2 r/w and once again its *****IF**** you banked at the very top.

Not saying it's not possible but there are better setups out there... pure breakout setups like this work great in a bull market where everything goes up day after day after day, but its not always that easy.

Also... reading the tape/charts will take a lot longer than you think. But, I don't know your experience so maybe you will prove me wrong.
 
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