Need advice

[traider]

You are trying to make your trading much more complicated, as it seems you assume that successful traders use complicated set-ups and strategies, or use some secret knowledge to make a profit.

There is no evidence for your conclusions. Keep it simple. The way to make money is to get into a strong imminent price move - this can be a break-out into a new trend, or it can be a continuation of an existing trend. Both work, it doesn't matter much at this stage which you pick. Demo trade both. Concentrate on set-up, not entry.

Problem with this is noise will eat up your profits. You need to be become really good at getting in before the big move and also recognizing when wrong early so you don't lose all the profits to failed breakouts.

 

[GreatDealYes]

- The best swing trading setups in strategies that work for current markets
Swing trading is momentum intraday. Stock prices are driven by macro, industry, and idiosyncratic factors (the operational excellence of a firm vs its peers). Events, like earnings, drop important information into the market, which causes significant price moves and typically changes or maintains a trend. Stock prices are known to exhibit momentum, typically assumed to be due to the slow diffusion of information as investors under or overreaction to news. If you can to trade a stock intraday, you need to know the driving catalyst and should analyze momentum periods (there are common reversals on an intraday, weekly, monthly, and 3-5 yr basis). For a specific stock, you can analyze it to determine if it is likely to have a reversal -- a popular method includes evaluating the shape of rolling average px chgs through defined periods. Note: you need to do lots of homework to test these, though.


- I dont want to watch for the news, economic events - all the day, so need usfull info, what events, news drive the market and how to watch for them easy on 1 place.
Limit your product group or investment style for a smaller universe of options, and hedge out the rest of the market. E.g. only trade tech stocks, and sell short XLK on a beta-basis for each lot of a tech co you are trading in the day. Then create a news feed for the companies you want to cover -- I believe you can set google alerts for this.

Best of luck. Trading is hard work!

This is exactly the knowledge i need to learn but the lack of info in the books, blogs that i red is huge.
Please recommend me some blogs, books about thos "high possibilities" news and events that will drive the stock/sector moving.

Also you mentioned focusing on sector for short and long sales, but i find it very hard for example i am watching finviz group analyser about sector, but i dont think i get it.
How do you think i could differ sector that i want to trade on the short or long position?

Thank you about the usefull advices.

 

[GreatDealYes]

You are trying to make your trading much more complicated, as it seems you assume that successful traders use complicated set-ups and strategies, or use some secret knowledge to make a profit.

There is no evidence for your conclusions. Keep it simple. The way to make money is to get into a strong imminent price move - this can be a break-out into a new trend, or it can be a continuation of an existing trend. Both work, it doesn't matter much at this stage which you pick. Demo trade both. Concentrate on set-up, not entry.

Yes, I keep it simple and track the price action - and boom 3 days ago the market crashed.

Yesterday entered short on a stocks In a downtrend, that seemed to be after pullback - I wanted to catch the momentum of the market down. - and bamm - stocks went up again after the gap.

Honestly i am amazed how all of my stock are moving with the general market today. No mather what setups and so on - if the indexes are up all of my short stocks are up and so on.
I know trading is hard and no guarantees, but with my knoweldge now i am sure i cant be profitable.

 

[GreatDealYes]

The "daytrading/swingtrading educators" all just copy the same folksy wisdom that is false half the time.
There are ones I expect to be funny such as a certain Tim and a certain Ricky but each time I try watching I just bore out it is like eating a tasteless piece of cardboard.


Anyway you have to accumulate knowledge over thousands of hours, ask yourself the right questions (such as what are the "logical" holding periods for stocks? Years or months especially for short sellers. What for FX? Institution target days to weeks. Retail never goes for weeks with FX (like 1% maybe, at best) they almost all scalp and daytrade and also lose so...
Learn a bit of stats too if you don't already master the basics.
Look for edges...

Tell me about it...

It is awful to read in every book and blog the same and same info -trendlines, moving average, double top and so on. Okey, but they are not enough to be in good profit.

Thanks for the advice

 

[GreatDealYes]

"smarter trading" perry kaufman. it's all in that book.

Okey, found it - download it. I am surprised to see he talks about super computers during 1995 - and how this is relevant 25 years later- but i will trust you and write back when i read it.
Thanks