Thursday, May 17, 2012

day trading

A Trade in Tweets – RIMM Short

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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 [...]

Day Trading Watch List

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A better day trading watch list means better trades, and better trades mean bigger profits. The stock market is a busy place. If you don’t have a focused watch list you’ll flip from stock to stock without stopping to make a trade. To maximize your profits, spend at least 30 minutes sorting out a watch list prior [...]

Day Trading First Solar

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As promised today on Twitter via StockTwits, here’s a recap of the FSLR day trade taken this morning. This trade was a result of the stock market in general being seriously downtrodden today along with this particular stock’s push to close the gap feeling especially weak.  I watched the tape to get a feel for [...]

Day Trading With Break Even Mentality

You can’t win if you’re just trying to break even. When day trading, have you ever taken profits sooner than you should because it made up for your losses the previous day?  Have you ever increased your position size or the amount of risk you take on “temporarily” just to get back to zero?  Yeah?  [...]

Day Trades

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Day trading can present some great opportunities.  I posted yesterday about day trading a down market.  Some days just have the potential to be very profitable for day traders.  Here’s a brief overview of some specific day trades that could have been grabbed. Research in Motion (RIMM) RIMM opened well below yesterdays low. It made [...]

The Stock Market’s Failure is a Day Trader’s Gain

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When they talk about “making money whether the stock market is going up or down,” this is the type of down day they’re talking about. I guess it’s unfortunate that this signals some weakness in the stock market (at least short-term), but we might as well profit off of the stock market’s failure. When my [...]

Day Trading Schedule

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“You can become a millionaire by trading just two hours a day!” You’ve heard this sales pitch before and it sounds pretty awesome, doesn’t it? You could just roll out of bed right before the market opens, pick a couple of popular stocks, make one or two easy trades, and get on with your day [...]