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Monday, July 27, 2009
Saturday, July 25, 2009
How to Become a Successful Swing Stock Trader
Swing trader means you can make profit in 1 to 5 days after buying or shorting a stock.
Step 1
First of all, must have rules to follow (be a Disciplined Trader):
1) Let profit run and cut loss early.
2) Protect your capital. Play safe is the key. Always place a stop, not more than 5% after you enter the position.
3) We should be modest and cautious all the time.
4) Don't be over optimistic or pessimistic with your holding position. Do be confident and act accordingly (market situation, chart, your rules)
5) Never buy more to average your loss pick stock.
6) Buy near market close to avoid making most of the mistakes if you decide to hold stock overnight.
7) Do not bet on earning. Risk and return are both high. We want return > risk.
8) Always follow market trend:Bull ---> Buy at dip, support lineBear ---> Short, when bounce to resistance line
9) Try to buy it in the right entry point ---> Make most money in the shortest time possible (1 to 5 days). Time is Money!
10) Only bet what you afford to lose. Don't put all eggs in one basket. We should not use all our buying power to buy one stock. (50% max)
Step 2
I just use 60 min and daily chart in order for me to make buying decision. Please keep in mind that holding stock over night is more risky. The stock market might change overnight and more things can happen to affect your stock's performance.
Step 3
Just make good observation and judgement between 60 min and daily chart (you can see examples from the charts I posted earlier). Buy near market close and sell it the next day. Sell it with happy profit or cut loss if you make a mistake. Small loss is acceptable, just don't let it run to be a big loss. Most people are just hoping, waiting... and waiting to see if it would rise back up. The truth is, it will most likely never happen. Most people get bigger loss in this case.
Step 4
As you can see, this is only one of the way to swing trade in a good and bull market. Happy trading and never stop learning!
TradeKing
Step 1
First of all, must have rules to follow (be a Disciplined Trader):
1) Let profit run and cut loss early.
2) Protect your capital. Play safe is the key. Always place a stop, not more than 5% after you enter the position.
3) We should be modest and cautious all the time.
4) Don't be over optimistic or pessimistic with your holding position. Do be confident and act accordingly (market situation, chart, your rules)
5) Never buy more to average your loss pick stock.
6) Buy near market close to avoid making most of the mistakes if you decide to hold stock overnight.
7) Do not bet on earning. Risk and return are both high. We want return > risk.
8) Always follow market trend:Bull ---> Buy at dip, support lineBear ---> Short, when bounce to resistance line
9) Try to buy it in the right entry point ---> Make most money in the shortest time possible (1 to 5 days). Time is Money!
10) Only bet what you afford to lose. Don't put all eggs in one basket. We should not use all our buying power to buy one stock. (50% max)
Step 2
I just use 60 min and daily chart in order for me to make buying decision. Please keep in mind that holding stock over night is more risky. The stock market might change overnight and more things can happen to affect your stock's performance.
Step 3
Just make good observation and judgement between 60 min and daily chart (you can see examples from the charts I posted earlier). Buy near market close and sell it the next day. Sell it with happy profit or cut loss if you make a mistake. Small loss is acceptable, just don't let it run to be a big loss. Most people are just hoping, waiting... and waiting to see if it would rise back up. The truth is, it will most likely never happen. Most people get bigger loss in this case.
Step 4
As you can see, this is only one of the way to swing trade in a good and bull market. Happy trading and never stop learning!
TradeKing
Friday, July 24, 2009
Solar and airline sector
Looks like solar and airline sector are trying to catch up with the raise.
LDK
AKNS
JASO
MESA
LCC
CAL
---------------------------------
EXEL
NNBR
CGA
LDK
AKNS
JASO
MESA
LCC
CAL
---------------------------------
EXEL
NNBR
CGA
Thursday, July 23, 2009
Market condition
We should start to take most or all our profit now. The market keep raising in these couple days. We should see market correction soon.
Wednesday, July 22, 2009
How to be a successful Day Trader
There are strategies can be used to profit from the market on a regular basis. We just need to find our own paths to beat the market.
Step 1
Better to have at least $25,000 to become a pattern day trader (4x buying power). Stock market is risky. Please do only trade what you afford to lose.
If you make four or more day trades in a rolling five-trading-day period, you will be considered a pattern day trader no matter you have $25,000 or not. If your account equity falls below $25,000, a day trading minimum equity call will be issued on your account requiring you to deposit additional funds or securities.
Step 2
Open a stock brokerage margin account:
TradeKing
Etrade
TD Ameritrade
Step 3
Learn how to read candlestick chart and its pattern.
http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis
Technical analysis is the soul of day trading. Please take time to get familiar with all the tools you can use. Basically, you will just need to know simple average lines: 20 day and 50 day moving average line, MACD, RSI, and Volume.
Step 4
Rules to follow:
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.
Step 5
You should develop your own system of day trading. Because each of us has different personality and a particular trading strategy might not fit for everyone. Happy trading and never stop learning!
Step 1
Better to have at least $25,000 to become a pattern day trader (4x buying power). Stock market is risky. Please do only trade what you afford to lose.
If you make four or more day trades in a rolling five-trading-day period, you will be considered a pattern day trader no matter you have $25,000 or not. If your account equity falls below $25,000, a day trading minimum equity call will be issued on your account requiring you to deposit additional funds or securities.
Step 2
Open a stock brokerage margin account:
TradeKing
Etrade
TD Ameritrade
Step 3
Learn how to read candlestick chart and its pattern.
http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis
Technical analysis is the soul of day trading. Please take time to get familiar with all the tools you can use. Basically, you will just need to know simple average lines: 20 day and 50 day moving average line, MACD, RSI, and Volume.
Step 4
Rules to follow:
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.
Step 5
You should develop your own system of day trading. Because each of us has different personality and a particular trading strategy might not fit for everyone. Happy trading and never stop learning!
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