Archive for February, 2010
Does anyone know of any good web sites that offer FREE information for timing the stock market (blogs, etc) ?
I’ve developed my own system for timing the Toronto Stock exchange and I’m correct about timing buys or sells about 80% of the time, for a net yearly gain of about 56% per year but I’d like to do even better than that. I’m not into day-trading crap. I buy and hold for about a month to three months, until the next strong buy or sell signal arrives. So I guess I’m a "month-trader", not a "day-trader".
I don’t want any automated trading software or any pay sights where people say they are earning 10,000% per hour or any science-fiction like that. I am looking for sites that generally give a hint when things look like the market has bottomed or topped, and they tell the readers these facts.
Any web sites that you know of ??
www.vectorvest.com is a really good site. You just type in a company quote and they send you a report with complete analysis of the company
Comprehension Competition: Volatility trading or strategy?
Write a brief review of VIX pattern observed from 01Jan08 to this date(09Jan09).With your inferences,deductions and conclusions to aid long and/or short day trading strategies.Prequisite: participants should be able to clearly describe any questions w.r.to VIX from documentation coverage on VIX at www.nseindia.com.The BEST WRITE UP will get some form of appreciation and eBook gift!
Submissions to : <Kapital.Ideas@gmail.com>
VIX historical data:
http://www.nseindia.com/marketinfo/charting/HistVIXChart.jsp?from_date=01112008&to_date=09012009
b2fnow: The question is How to define/develop a volatility day trading or a short term Volatility investment strategy with the VIX data available.
and your question is … ?
I want to begin day trading stocks, what is the best/fastest/low cost site out there with software that?
is not to hard to use? I am going to trade maybe 2 or three hours a day, with a couple times all day. This is not going to be my profession, so an easy to use system would be best. I am just trying to practice with not to big of a bankroll to test out my skills! Thanks.
First, to day trade stocks, brokerages will require a minimum account size of at least $25,000. Also, it’s a risky game — very few people succeed at it. Those that do have generally become highly skilled at longer-term trading (position trading over several weeks, months or years or "swing trading" over days or weeks) before attempting day trading. There is no software you can use to make your decisions — that is totally up to you. It requires a great deal of experience (I would say, many years) to become a successful day trader.
Day Trading Nasdaq, Nyse, Amex BB Stock markets; What are the main Trading Differences From The London Markets
Are the London stock exchange markets just as easy to Level 2 Day Trade as the American Markets using News feeds, intra day charts with Brokerages such as Etrade Pro or Ameritrade.
Are the London Markets as fast on Level 2 and are there any extra obstacles such as minimum Day Trading account balances or maximum round trips per day?
I use Yahoo News and charts on the American markets as a secondary back up tool but on the London markets their service is sub standard. I also use Knobias for News feeds.
What tools are needed for Day trading success on the London markets
Any info, advice or experiences are much appreciated.
In UK you pay 0.5% Stamp Duty on every purchase .. this eats into any profit you might hope to make …
Stock Exchange – NYSE/AMEX & NASDAQ?
Hi, I am a newbie in stock exchange market and have the following questions.
What’s the difference between NYSE/AMEX and NASDAQ?
as I know, NASDAQ is a automated system that help buy/sell stock automatic. however, what does it mean by NYSE listed or NASDAQ listed stock, isn’t it we are trading the same stock no matter what system they are at? if I buy/sell a stock (e.g. FBTX – NYSE stock) over the online broker account, let’s say tdameritrade, is that means I am trading over the automated system, if so, it is a NASDAQ system? kind of confuse.
my second question is: I got an answer for telling whether a stock is NYSE/AMEX or NASDAQ stock base on its symbol,
1,2,3 letter – NYSE and 4 letter was NASDAQ, however, why the FBTX is a NYSE stock?
please help. thanks.
The following link is a tad bit technical but it gives some starting reference points to look up elsewhere, and it is authoritative: http://www.sec.gov/divisions/marketreg/mrexchanges.shtml
Go to the ten exchanges listed and each one will have a history page(s).
As for the odd-symboled stock, some companies move up. NASDAQ has a largely small technical company representation. NYSE expects some solidness and stability that NASDAQ doesn’t. Sometimes, then, when a company feels it is sufficiently "ready for prime time" they move up. Think of the exchanges as major league baseball. Chicago, Boston, and Philadelphia have minor league teams while NYSE and NASDAQ are the majors. Just the same, if you were a good baseball player, would you rather play for the Yankees, or the Mets? FBTX moved to the Yankees.
Anyone here make a living by day trading? And what do you think of my trading strategy?
I really hate my job and want to quit. I want to be a day trader and make money in stocks. I’ve made so much money from stocks, but that was just by buying and sitting on them for a while. If I wasn’t working, I could watch stocks everyday.
So if your only income comes from stocks, how much do you typically make a month? What’s your strategy?
Suppose I had $100K….my plan would be to split it up among 10 stocks…so $10K each. And then whenever any stock makes a 3 to 5% gain, sell it off….and that’s $300 to $500 I just made. If all 10 stocks make a small gain of 3% in a day, that’s $3000!! I know I probably won’t be able to make that everyday, but if I could do that once a week I’d be very happy!!!
day trading would not work at all in this economic climate. be grateful that you actually have a job. now is a good time to buy stock, but only if you’re willing to hold it for long term. day trading right now is risky. also your numbers are way exaggerated. if these numbers and gains were true, then everyone would quit their job and become a day trader. there’s a reason people don’t and that’s stability.
advice with trading software?
i am day trade and been doing it for 6 months now. i am using strategy desk for day trading and i am getting better. i want to move on. please tell me about the software that day trader use to trade. which one should i buiy and how much it cost and where can i ind it.
I used to day trade with assent LLC and their anvil platform. Charts came from esignal. That worked pretty well for stocks.
Now I use Interactive Brokers because I need forex exposure and I trade their Traderworkstation its a bit cumbersome to use due to all the features it has (you can pretty much trade any market instrument)
I have heard good things about Tradestation look at forums on www.elitetrader.com for more info on reviews.
When using the MACD as a trading tool, why are the defaults 12- and 26-day moving averages? Thanks?
My firm are beginning to make use of technical analysis for trading purposes, and the MACD is one of them. The thing is, the default exponential moving averages (EMA) are 12- and 26-day, which doesn’t work for all the stocks I cover. My main questions are, why are 12- and 26-days the defaults, and also, how do you decide which trading day EMA to use when the defaults don’t work for a particular stock?
Thanks!!
u can change it
see more charts
more on my blog
Where can I find a stock market simulator?
I’m looking for a software/ web service that has the abilities to simulate the NY stock market in the past (not only opening and closing rates) for day trading simulation. It must also has an API or some kind of scripting language in order to issue automated requests during the sim.
*** The simulator must simulate the past (on a minute resolution), not the present although it can also do that.
*** The scripting/ API option is also a must.
Look here:
http://www.stocktrak.com/
OR here:
http://www.howthemarketworks.com/promo/stock-market-simulator.php
game version:
http://vse.marketwatch.com/Game/Homepage.aspx
Enjoy! ^j^
Intra-day trading – need help?
I have an ICICI direct account. I would like to try in intra-day trading.
I know they have a facility called Margin trading.However, I would like to know more details on this.
A scenario based response from an expereinced trader would be highly appreciated.
It would be helpful if somone can throw some light on the strategies of intra-day trading
Also what does the term "short" mean in stock trading?
Thanks
The most important thing to know about day trading is most people lose money. I would do some research before I got into it.
Especially since you apparently don’t understand investing. If it were easy, why would people go to work? Learn how to invest the right way and prosper!