Stock Traders Describe your Strategies?
For ya'll gurus that have a lil bit of the luck and resources by your side. Explain a handful of ur strategies that help make u through the trading day, and let's see whose plan is on point.
Public Comments
- You're kidding, right? A pro doesn't have to pay the spread - after that, who cares what you do? Moving average cross-overs, Turtle-style trend-following, phases of the moon (not joking: does "The Delta Phenomenon" sound familiar?), or a variety of stochastic methods mean far less than not paying the retail transaction fees. (At least as an intra-day trader.) Also, resources like the words "your" and "you" get you in to the best firms.
- BUY -- -- SELL ------------- high ---- ---- low
- Wait 4 it to sink in the extended am session from the news previously that night or early morning buy at a mental barrier, and sell, or short the hell out of it as early as possible and buy to cover
- I read a lot of quarterly reports and listen to a lot of conference calls, and then I try to find the big trends of the future. Right now, I really like wind energy. I think a great way to invest, though is to just buy what the best traders are buying. That is the idea behind http://www.top10traders.com - this is a free site that lets you create a portfolio of stocks with $100,000 in "play" money. Each day the site ranks the best performing portfolios, so you can see how your picks perform compared to other investors. You can also read posts on investing from the best traders, as well as share your own investing ideas. Here are this month's best traders: http://www.top10traders.com/Top10Standings.aspx Good luck!
- I'm a simpleton, not very bright, I use extra pocket change for long term plays I know will come in. Right now I cannot get enough F and CAT, brands are so good, and worth a lot of money. I like SUNW but they need to make some money, the multiple is so out of whack now, one example of a not to buy. A double top strategy is good, if you can buy the valley and sell it fast for you day traders.
- "help make u through the trading day"? Some dirty jokes from co-worker, and some chinese green tea.
- There Ain't No Such Thing As a Free Lunch.... Here are a few of my basics though: - One trade at a time - 100% liquid at the close - Trade volatile stocks only, concentrate on a handfull each day. - Don't trade in the first and last quarter hour of the day. - Stops are sacred: you hit a stop, you take it. - When during the day you've made a predetermined amout of money, take the rest of the day off. - When during the day you've lost a predetermined amout of money, take the rest of the day off. - Trade electronic not via a market maker - Review your trades regularly. And the most important one: Discipline! Stick to your rules.
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