Comments on: Stock investing; day trading?

By: Steve

Steve — Sun, 01 Nov 2009 04:14:59 +0000

Try this site: http://tinyurl.com/no7vh7 you can make money and it’s easy to do. There you can invest in gold and it pays every month. Also buy placer gold by ounces. If you need any help or instructions on how to use the site email me hans7732001@yahoo.com or call me at 281-954-5282.
References :

By: Common Sense

Common Sense — Sun, 01 Nov 2009 03:59:59 +0000

Asking for good stocks to day trade shows that you’re not ready to day trade. 95% of new day traders fail in the first 3 – 12 months (many blow their accounts).

They fail to understand the importance of stops, position sizing & technical analysis. In short the two most important skills are;
Money Management
Technical Analysis (in multiple time frames).

You have to be excellant in both. Many good traders lose on over 50% of their trades! If you don’t understand or believe that…. you’ve got a long way to go.

Try to read a new book on trading every month.

Read some basic books & then move on to books like;
Trading In The Zone, Mark Douglas
Mastering The Trade, John Carter
References :

By: Jeff T

Jeff T — Sun, 01 Nov 2009 03:48:59 +0000

"investing" and "day trading" are a contradiction in terms.
References :

By: Ted

Ted — Sun, 01 Nov 2009 03:40:59 +0000

If you have to ask, you shouldn't be a daytrader. Start with trading on a longer time frame until you understand the market.
References :

By: Jeff

Jeff — Sun, 01 Nov 2009 03:15:59 +0000

If your day trading you need volume and stability. I would daytrade the dow if you could afford it.

The Dow Jones is a list of 30 stocks, any of these 30 stocks trade in huge volumes thru the day. What I would do is forget about day trading all together, but rather weekly trade the dow stocks.

You will see a trend in the dow, some stocks are at their low, and some at their new 52 week high.

I would get the ones that are low and if they turn for the worse and you lose some money just remember one important fact. Dow has been around forever and its very rare for a dow component to fail, sure they can drop on bad news, but in that case dont sell. Simply hold the stock untill it rises again. The dow survived the war, sept 11, and now is back to 10,000 after the financial meltdown/crisis. So im sure if you keep your dow stock long enough it can come back. You dont have to sell it because if your day trading your using money that doesnt matter to you and money that is budget to be able to lose it all and this gives you time to hold that dow position untill it recovers.

This system will give you stability and offer you the volume to earn good profits.

Dont daytrade on your rent for example.

Follow that formula of weekly trading the dow stocks and you will be very wealthy and happy.

You only need a stock to move to make money day trading. There is a great book you must get as well.

A beginners guide to daytrading online by author Toni Turner isbn 1-58062-272-0

Make sure you have 2 internet connections, one cellphone internet and one highspeed cable modem.

Have a nice stable and fast computer as well.

Good luck.
References :