Stock Markets Exposed

Day Trading Investing Stocks I Need Two Or Three Proven Strategies?

Hi I have been Daytrading the Nasdaq, Amex, Nyse, BB and PK stocks using Etrades level 2 software. I have had success trading news stories, earnings Good/bad, Share Buybacks, gaps up and down, buyouts and FDA news approvals and non approved. I have read dozens of books and been on courses regarding day Trading but the best trades I have made I have figured out myself. I Am Looking for more specific Individual ideas that others may have found successful. For instance I watch the news feeds all day looking for key words in news that will trigger a price move or I'll spot a loser and follow it for 2-3 days till it's almost dead and then buy it as it bounces back, another good one is following the top 10 risers of the day till 10.10 am and then buy one that carries on it's rise. So anybody got any Good Individual ideas I will appreciate it.

Public Comments

1. I've heard numbers that are essentially that 8 or 9 out of 10 daytraders lose money, most of them badly losing money. Sounds like you're doing pretty well. I suppose if I wanted a "proven strategy", I'd take notes from you. Hang in there and don't let the leveraged-greed bug bite you.
2. This is amazing, I have been wanting to hear about someone who is actually making money day trading! I'm in college and I haven't had the chance nor the money to start yet but I would love to do this for a living. From my research, I found that the news about mergers & acquisitions, clinical trials, and all you mentioned sends stocks skyrocketing. The website below has software that scans the news feeds for you specifically for day traders. It is programmed to look for the key words that causes big moves in stock prices. If there is any advice you could give me before I get started I would love to hear it.
3. I am glad you seem to be so successfull at day trading, as 98% of most people lose money. If you have winning strategies so far, why change your methods now???
4. The hardest part is matching the strategy to the person, because without the right temperment, the person won't stick to the strategy. It seem that you have found something that works for you. Keep doing the same thing on a bigger and bigger scale. The great traders usually had just on method, but they mastered it.
5. Unlike the other posters here, I get the distinct impression that David is not doing well. If he was doing well he wouldn't be here asking for ideas. He has read dozens of books and taken courses, but still he's here on Yahoo! Answers looking for ideas. Unfortunately I think David is having trouble exactly where most Daytraders have trouble, in execution not in strategy. The strategy behind daytrading is enticingly simple, it's the execution that kills you. I have tried daytrading in the past with some success, but it was too difficult and too unreliable for my taste. There are far easier ways to make money in the stock market. If there was one piece of advice that I would give David, it would be to stop trading around noon. I always had a heck of a time making money in the afternoon. The good oppurtunities are in the morning. Make it a rule, no matter what, at 1:00, call it a day.
6. Daytrading stocks is very difficult. Switch to financial index e-mini futures contracts - Euro, Russell, S&P. Lots of good systems/technical analysis software out there.