Archive for the General category.
Posted on December 27th, 2007 by minhthumbs in
General Tidal rivers flow both ways. Stock trading is often similar to having a cabin on the river with direction, tide, and flow, determining where you go. One thing for sure is “YOU have NO say in what the river DOES”". You can however, utilize the river for your own gain. Knowing where you want to go is important. You get in the canoe if you want to go South IF the river is flowing South. YOU do not control the river. You USE the river. Your job is to observe the river, prepare the canoe, be ready, and GO when appropriate.
Wishing for the river to go a particular direction does no good. Wanting the river to go faster has no effect. Dreaming of the river taking you places may, or may not, happen.
A good stock trader watches the river, utilizes the river. Goes where the river takes him. Understands the flow.
You will come to learn that I change my mind a lot. The river changes it for me.
mr. minhthumbs
Posted on December 27th, 2007 by minhthumbs in
General Both developing bullish patterns now. I’m scalping them. You go with the flow.
mr. minhthumbs
Posted on December 27th, 2007 by minhthumbs in
General “A Rising Tide Lifts All Ships”
Pretty much the same with stocks. The general markets are down as of this writing so not much trading for me so far. I am tempted to buy some XING in the 8.65-8.75 range since it announced 4th quarter profit predictions.
The rising tide I’m seeing is with the China and Solar stocks (duh stupid). China stocks I’m watching are:
CSUN, CTDC, XING, CBAK, CTEL, SEED, CPSL, and JRJC.
My little secret favorite stock for 2008 is ZVUE.You can buy it for 1.72 right now. Watch and learn grasshopper… Now go study on it!
Mr. Minhthumbs
Posted on December 27th, 2007 by minhthumbs in
General Ever seen or heard about how Bluefish gather and feed on bait fish in a fast frenzy? I’ve seen it and what a sight. They ravage and gobble every peice of meat within biting distance while ripping the flesh without mercy. Then as fast as it started, total silence. It’s over and the fish are gone. I always think of Bluefish Blitzes when scalp trading. I define scalp trading as jumping in on the building of a wave, riding the wave like a surfer, and then jumping or falling off as the wave diminishes.
I was riding two (2) waves as the market closed yesterday. CSUN and CTDC. CSUN has gone on to become one of todays top Nasdaq gainers making a new 52 week high. It pooped at the open, drifted down a little, recovered, and will probably selloff with profit taking. CTDC was doomed at the open and has been falling all morning. I watch (and draw on charts) trendlines for scalping. CTDC will bottom and turn at some point..
I hope none of you are trading as discussed yesterday. General markets are down and I see no reason for newbies to be trading.
blah blah blah
Posted on December 26th, 2007 by minhthumbs in
General I’ve been daytrading for over 7 years and have learned a lot. My 1099 from Ameritrade has been more than 150 pages deep for at least 3 years. The hardest thing to learn is to how NOT to lose money. I hope I can share some knowledge.
Let’s start off with my spelling sux. I don’t even TRY, very hard , to spell correctly. Get over it or don’t read my posts.
I’m cocky and don’t like what I’ve read from the other posters here. By the way, CSUN and CTDC are both moving in after market on news that China is going to push the alternative energy sector. They were top Nasdaq gainers all day. I only look at winners. Ukk Losers!
I mostly use charts and news to trade. I don’t like or dislike any stock. I NEVER fall in love with any particular stock. In fact, I hate them all. I only like the money I make off of stocks. I have NO tolerance for loss.
If I were to write a book it would be titled “The Power of Doing NOTHING”
So lesson number one….
1. DON”T make a single trade tomorrow. Don’t do a friggen thing. Watch but don’t touch. The first thing we need to learn is how “NOT TO TRADE”
I’m tired now. check you later.
btw. God loves me, this I know!
Posted on December 21st, 2007 by Day Trader in
General One of the best tips I can offer you for setting yourself up for success in day trading is a simple, yet effective one. Set a goal for yourself. Start off small. Make it a priority to make XXX dollars per day.
Don’t be afraid to lose it, or else you’ll lose the rest trying to win back what you originally lost (wow can I say that?). I’ve seen guys burn $10,000 trying to win back $500 they lost. When you’ve achieved your goal STOP for the day! Go do something else.
In case of failure, make sure you’ve set an amount you’re willing to risk. And once you’ve hit that limit. Turn your ticker off, and go do something else. If you can master this method you WILL be successful in the stock market. Especially the day trading stock market.
Posted on December 21st, 2007 by Day Trader in
General It could mean the difference between success and failure. Too often I hear stories from fellow day traders about how much money they “almost made”. Well we’re not here to “almost make” money, we want to actually do it.
When I ask what happened, I’m nearly always greeted by a story talking about the high of the day, and the low of the day, and how they ended up selling closer to the latter. Why? Because human nature dictates that we need to collect as much money as we can. So they naturally hold on to the stocks past their prime in hopes that it will just shoot back to the moon.
Day trading is an in and out entity. You get in, you cash in, you cash up, and you cash out. Sticking that stop loss on your orders is imperative to success, and I hear too many stories about guys losing the “big one” because they were too bullish to have a little common sense.
Posted on December 21st, 2007 by Day Trader in
General I think I need to relay the purpose of this website to future readers. I will not be offering up any “insider information” or anything of the sort.
This blog will be dedicated to helping our readers become more efficient and effective at day trading stocks. We have some very good day traders who are going to be providing content for us, and we’re excited to introduce them soon.
With the stock market in the situation its in today we know our readers can use every stock tip or stock strategy they can get. We are here to provide! Thanks in advance!
DTT Team.
Posted on December 20th, 2007 by Day Trader in
General I am looking for some people who are really into day trading to share their experiences with me. If you are heavy into the day trading world please comment here or email me at captainjack81@tmail.com to find out how you can help! Otherwise I’ll have some stuff up soon!
Posted on December 19th, 2007 by Day Trader in
General Be ready for good things!