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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
Thursday, October 09, 2008
where is bottom?
Stock market are dropping like hell each day. People lose confidence and it may take a long long time to recover. Try not to predict bottom for this crazy and hopeless stock market. This market might definitely drop back to the 2000 Internet bubble level, or event further. Situation look similar to the 1929 great depression period.
Wednesday, July 02, 2008
Market Watch
Stock market's performance is correlating with oil price.
USO, OIL up, then DIA QQQQ down
USO, OIL down, then DIA QQQQ up
The situation should be continue for a period of time.
The stock market is so depressed lately and so as people around the world. Everyone has feel the pain of high inflation caused by gas, food and etc.
USO, OIL up, then DIA QQQQ down
USO, OIL down, then DIA QQQQ up
The situation should be continue for a period of time.
The stock market is so depressed lately and so as people around the world. Everyone has feel the pain of high inflation caused by gas, food and etc.
Tuesday, June 24, 2008
Market watch
Down, down, down..... Financial, bank, airline sectors and etc. are all falling apart.
The only chance for the market to rebound is to lower the gas price and push dollar stronger.
The only chance for the market to rebound is to lower the gas price and push dollar stronger.
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