Online Trading Live Day Trading Tips for Jan 8 Part 2
Learn online day trading live, in real time. Watch and learn from this video as I demonstrate tips and strategies during the trading day. I don’t use a trading system. I trade discretionary setups using software filters and Technical Analysis. How to best day trade for small consistent profits is my goal for this video tutorial. The information I give is for education only. Daytrading for a living is not easy to learn. It is something that takes much training.
Comments
Thanks. I understand your point but I don’t let the price of a stock dictate what I trade. I look for momentum and setups. I’ve made lots of money over my career trading pissant stocks. The key is to have a reason for entering a trade regardless of the price. Look for the setups and go where the action is and your profits will take care of the commissions.
See Andy’s reply above. I agree (of course)
Andy/Steve:
Can you please show (start recording) before you enter a position also, not just when you get out and take profits/loss?
Thanks, I’m a Fan and have learned a lot, keep it up!
Andy/Steve,
Would it be fair to say that posting these have helped your trades, I mean do you feel that now that you have a fan base (myself included) you have to stay sharper and stick more to your money management plan?
We will do our best but sometimes the moves happen so fast it’s hard. We are always looking for the right trades and when we find them the first instincts is to execute. Once I get a better feel for lightspeed and the new desktop sharing software I’m working with I will be able to accommadate you more
Yes, there is no doubt that you help s to be more discipline but it comes with a draw back. I lost about $300 today in a stock that did a nosedive rigth as I started narrating and filming another trade. Providing what we do sometimes comes at a cost, It’s hard to stayed focused on all the trades and narrate but we will get better.
hey how much do you pay for commisions?????? when trading stocks. I very new to this if you can help me that would be great.
How are you guys filtering for daily watchlists (which tools and what criteria)? Some things I look at myself are 52 week highs/lows, unusual volume, gaps, earnings, and analyst upgrades/downgrades.
Well, yes and no. Even before I was doing these videos, I had years of discipline to learn and develop. That is what has kept me in the game for the long run. Doing these videos actually adds pressure to try and make good content for the day.
How much money we need in the account to start doing day trading 5 days a week? I think at least 200k, because of the number of stocks we have to buy and sell in a day,and the three business day waiting time to get the funds back in to the account after selling for any type of account, is this correct?
Thanks a million in advance for the answer
Enjoying your videos and learning a lot from it.
thanks
good job on this video! my names Jennifer, kinda feelin bored if any1 wants to join me on cam or wana chat i will be signed on at __ FriendlyFlirts(.COM) __ my user ID there is Jennifer_vacll chat soon xx its FR33 to j0in! mwah
thanks for this cool video! my names Trinity, kinda feelin bored if any1 wants to join me on cam or wana chat i will be signed on at __ FriendlyFlirts(.COM) __ my user ID there is Trinity_ckzdzy chat soon xx its FR33 to j0in! mwah
im bored =( 0
I’m fairly new to all of this, but my question is: what is your average yearly return day trading? please answer. Thank you!
if u had what is called a margin account u should not have 2 wait the 3 day waiting period to my understanding
January 8th, 2008 at 7:29 pm
Good job working your way out of the red Andy. Had one comment…I would think that you guys would shy away from trading $1 stocks like CPST…being that you pay commisions by the 100 shares (i think Steve said he paid $7 per 1000 shares or something like that). Being that you have to trade higher volume of a stock like CPST, it automatically takes away from your potential profits right off the bat…puts you at a disadvantage (minor) the minute you enter the trade.