My ultimate goal is to be day trading for a living. Some of you are aware that I am not a full-time trader, but I trade pretty regularly, and I do research almost daily whether or not I trade. I used to even engage in the social aspects of trading, like chat rooms, forums, and Stocktwits, but I stopped all of that social stuff to focus on things that would allow me to focus on that ultimate goal of day trading for a living.
Late last year, a series of occurrences in my life caused me to revaluate what I was [...]
Posts tagged as:
Day Trading Strategies
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 do some basic technical analysis on your own. Let’s take a walk through the basics, shall we?
Connect the Pointy Bits
On a stock chart, you have peaks and troughs. In order to identify the trend of a stock, you simply find these peaks and troughs and connect [...]
I had quite a morning day trading today. The following is a transcript of my Tweets sent via Stocktwits as I traded RIMM. Since it all happens so fast, it is difficult to really give followers a picture of what I’m actually thinking, so below I’ve added what I was thinking at the time, and since I am not very smart, I have added what I assume a more prudent trader may have been thinking in the same situation.
The trading day started a little rough, and some guy prosed the following question;
9:44 am – “$SPY how do u day trade when [...]
