Custom Search
Tuesday, June 30, 2009
Day Trading Rules
1) Everyone makes mistakes, cut loss early if you make a mistake.
2) After enter into a trade, do not buy more, just watch it rise and sell if you are happy with profit or hold it for 5 to 25 min. If you add more positon, bad thing would happen. Day trading is just like a thief stealing money from the stock market quick and once at a time, if you go back to steal more, they will catch you.
3) Day trading means quick profit, do not hold stock for more than 25 min. You can always sell with profit if it starts to fall from top, and then buy it back later if it turn out going upward again.
4) Control your risk in all your trades. Do not trade more than what you can afford to lose. Do not use up all your buying power in one position.
2) After enter into a trade, do not buy more, just watch it rise and sell if you are happy with profit or hold it for 5 to 25 min. If you add more positon, bad thing would happen. Day trading is just like a thief stealing money from the stock market quick and once at a time, if you go back to steal more, they will catch you.
3) Day trading means quick profit, do not hold stock for more than 25 min. You can always sell with profit if it starts to fall from top, and then buy it back later if it turn out going upward again.
4) Control your risk in all your trades. Do not trade more than what you can afford to lose. Do not use up all your buying power in one position.
Monday, June 29, 2009
Sunday, June 28, 2009
Saturday, June 27, 2009
Series 7 help with trading?
I am currently going through the Series 7 material, it doesn't help you to do better trading. It just makes you to use tons of time to pass the test, get you the license to sell financial products and services. Series 7 license just helps you to be a legal salesman.
It's just like school, you tend to forget what your just learned because you don't get a chance to use it anyways in the real world. Even if your major is finance, you don't really learn anything in school that teach you how to trade. School and real world are always walk parellel untill you land a job before graduation. Then you will start to realize that school is just a place for meeting friends, boyfriends or girlfiends. School doesn't prepare you well to step into the real world. By then, you will study hard and get licenses, certification, and etc.
It's just like school, you tend to forget what your just learned because you don't get a chance to use it anyways in the real world. Even if your major is finance, you don't really learn anything in school that teach you how to trade. School and real world are always walk parellel untill you land a job before graduation. Then you will start to realize that school is just a place for meeting friends, boyfriends or girlfiends. School doesn't prepare you well to step into the real world. By then, you will study hard and get licenses, certification, and etc.
Friday, June 26, 2009
Subscribe to:
Posts (Atom)