Thursday, May 17, 2012

Day Trading Strategies

How To Read Stock Charts for Dummies

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You seem to think chart analysis is a lot more difficult than it really is.  Instead of giving it a go on your own, you rely on the wisdom of us brilliant chartists to hand you money-making set-ups on your favorite stocks. I am here to tell you, friend, that it’s not that difficult to [...]

Setting Stops to Protect You from Yourself

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Before ever entering a trade, you should already know how you are going to get out.  The trade should be planned end-to-end, whether the plan turns out to be a winner or loser.  In this post I’m going to discuss how to set stops to protect yourself from your biggest enemy, you. Mental Stops Mental [...]

You’re a Loser, Get Used To It

Contrary to popular belief, day trading is all about losing.  Winning is great, but it’s how you deal with the losses that will define you as a trader.  If you can learn from every trade, win or lose, I can almost guarantee you will succeed in your trading endevours. Better Trades The first thing you [...]

Long-Legged Bears Will Engulf First Solar (FSLR)

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Last week, First Solar (FSLR) ran up significantly on news of a large deal for a solar power plant in China. The second day of the run was highlighted in my post about Opening Gap Reversals.  That day saw a huge run up early in the morning and a slow burn back down to its [...]

Opening Range Breakout – Gap Reversal

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I discussed the standard opening range breakout in my last post.  Now I want to talk about a variation of the Opening Range Breakout . It’s called the Opening Gap Reversal.  It’s just another of the many useful setups for day trading online that you can add to your arsenal. The Play The chart above [...]

3 Factors For Opening Range Breakout Success

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The Opening Range Breakout is one of the simplest day trading set-ups to understand.  The first hour of the trading day is the most volatile.  Bears and bulls are battling it out in the stock market, trying to show you who’s going to be the boss for the day.  This volatility creates a price-range you [...]

Day Trading is Not an Exact Science

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The great thing about science is that it full of fun facts and formulas.  The fascinating thing about trading is that it is not. I pointed out a support level on Apple (AAPL) at 168.67 in another post. In that post, I also mentioned that I was long Apple (AAPL) above 168.67, and short below [...]