Why is Wall Street not doing well right now?
I’m having a hard time trying to find winners in my day trading strategy.
Comments
Basically the world is built on debt.
The USA and Europe has it and Asia owns the debt. With Europe current crisis (Greece, Italy, Spain, Portugal, and Ireland) many investors are scared about the potential outcomes. Right now could be a great time to buy or the start of another economic downturn. It is very hard to predict what the markets will do with this high level of volatility.
If you are a day trader, and don’t realize why Wall Street is going down, you should not be a day trader!
Day trading is an art… if you were the artist you would realize you can make just as much money by shorting a stock when it’s going down than by buying a stock when it’s going up.
Study options too. Study a straddle. You can profit off of this much volatility… no matter which way it goes (up or down).
Don’t be day trading and losing your money in these times of heavy turbulence.
The market always goes up and down. It’s actually healthy. The reason, this time, can be anything you choose (Europe, unemployment, too steep a recent rise, Sara Palin… it doesn’t matter)……..
As a Day Trader…. you can also "Short" stocks………. but many day traders just recognize this as a time to "sit on hands". We realize that everyday is not a day to trade. The buffett will always come back. No smart Day Trader thinks they’re going to make money or even trade everyday.
May 31st, 2010 at 10:12 am
They are too busy trying to hide all the dirty deals, manipulations, underhanded trading
false inflating prices, unethical practices from the feds investigation.