Comments for Day Trading Swing Trading http://daytradingswingtrading.org Day Trading and Swing Trading Techniques Thu, 03 Nov 2011 21:21:51 +0000 http://wordpress.org/?v=2.9.2 hourly 1 Comment on What path do i have to follow to become a successful day trader? by Jack http://daytradingswingtrading.org/what-path-do-i-have-to-follow-to-become-a-successful-day-trader/comment-page-1/#comment-160747 Jack Thu, 03 Nov 2011 21:21:51 +0000 http://daytradingswingtrading.org/what-path-do-i-have-to-follow-to-become-a-successful-day-trader/#comment-160747 Knowledge is Power, and trading is a very information heavy area. Trading is also a very visual skill so videos are a great way to learn more about trading. Here is one web site that offers dozens of free HD trading videos under the addons section plus a bunch of free trading articles under the resource section. Below is the source for the free HD trading videos. Knowledge is Power, and trading is a very information heavy area. Trading is also a very visual skill so videos are a great way to learn more about trading.

Here is one web site that offers dozens of free HD trading videos under the addons section plus a bunch of free trading articles under the resource section.

Below is the source for the free HD trading videos.

]]> Comment on What path do i have to follow to become a successful day trader? by wg0z http://daytradingswingtrading.org/what-path-do-i-have-to-follow-to-become-a-successful-day-trader/comment-page-1/#comment-160746 wg0z Thu, 03 Nov 2011 20:57:38 +0000 http://daytradingswingtrading.org/what-path-do-i-have-to-follow-to-become-a-successful-day-trader/#comment-160746 buy low, sell high. but you're undercapitalized at 25k. dont quit your day job yet. you need a lot more than 25k to reliably make a reasonable income. buy low, sell high.
but you’re undercapitalized at 25k. dont quit your day job yet.
you need a lot more than 25k to reliably make a reasonable income.

]]> Comment on What path do i have to follow to become a successful day trader? by Chicago http://daytradingswingtrading.org/what-path-do-i-have-to-follow-to-become-a-successful-day-trader/comment-page-1/#comment-160745 Chicago Thu, 03 Nov 2011 20:40:37 +0000 http://daytradingswingtrading.org/what-path-do-i-have-to-follow-to-become-a-successful-day-trader/#comment-160745 Yes, you need the psychological make up of a trader. When it comes to day trading people don't realize how much their own emotions hurt them. You need actual experience. I can read a book on how to ride a bicycle but that does not mean I'll know how to ride one. Open up a paper/demo trading account first. Get familiar with trading, and then open up an account with a very small amount of money. You'll probably have to start out with emini's or forex but it is better to loose with a smaller amount of money, and learn from your mistakes first. Once you get better, then open up an account with the 25k (actually, you'll need more since if you loose once your need to add money to the account). As far as college or a financial degree, you don't actually need it. But college is one of the best times of your life. I wouldn't give up my college experience/degree for anything. Hope this helps! Yes, you need the psychological make up of a trader. When it comes to day trading people don’t realize how much their own emotions hurt them. You need actual experience. I can read a book on how to ride a bicycle but that does not mean I’ll know how to ride one. Open up a paper/demo trading account first. Get familiar with trading, and then open up an account with a very small amount of money. You’ll probably have to start out with emini’s or forex but it is better to loose with a smaller amount of money, and learn from your mistakes first. Once you get better, then open up an account with the 25k (actually, you’ll need more since if you loose once your need to add money to the account). As far as college or a financial degree, you don’t actually need it. But college is one of the best times of your life. I wouldn’t give up my college experience/degree for anything. Hope this helps!

]]> Comment on What path do i have to follow to become a successful day trader? by Common Sense http://daytradingswingtrading.org/what-path-do-i-have-to-follow-to-become-a-successful-day-trader/comment-page-1/#comment-160744 Common Sense Thu, 03 Nov 2011 19:57:37 +0000 http://daytradingswingtrading.org/what-path-do-i-have-to-follow-to-become-a-successful-day-trader/#comment-160744 As a day trader, doing extensive research on a company makes no sense. Looking at their charts (daily & weekly bars) can give you a sense of the trend. You should go to college. At least to help you become a well rounded person. Keep in mind..... 95% of those that try to day trade... fail. for the 5% that make it past the first year, it takes an additional 2-4 years to become somewhat consistently profitable. The hours a week you'll be spending to do this "job" will exceed most full time jobs. You are, in effect, a small business person, running your own business & working very long hours 6-7 days a week. As a day trader, doing extensive research on a company makes no sense. Looking at their charts (daily & weekly bars) can give you a sense of the trend.

You should go to college. At least to help you become a well rounded person.

Keep in mind….. 95% of those that try to day trade… fail. for the 5% that make it past the first year, it takes an additional 2-4 years to become somewhat consistently profitable. The hours a week you’ll be spending to do this “job” will exceed most full time jobs. You are, in effect, a small business person, running your own business & working very long hours 6-7 days a week.

]]> Comment on What path do i have to follow to become a successful day trader? by Ziggy Hood http://daytradingswingtrading.org/what-path-do-i-have-to-follow-to-become-a-successful-day-trader/comment-page-1/#comment-160743 Ziggy Hood Thu, 03 Nov 2011 19:28:57 +0000 http://daytradingswingtrading.org/what-path-do-i-have-to-follow-to-become-a-successful-day-trader/#comment-160743 give it a shot, but the odds are against you. almost anything your learned in school except basic math and reading is not going to help with being a day trader. those are big assumptions, too, fwiw. give it a shot, but the odds are against you. almost anything your learned in school except basic math and reading is not going to help with being a day trader.

those are big assumptions, too, fwiw.

]]> Comment on What path do i have to follow to become a successful day trader? by A nobody http://daytradingswingtrading.org/what-path-do-i-have-to-follow-to-become-a-successful-day-trader/comment-page-1/#comment-160742 A nobody Thu, 03 Nov 2011 19:18:52 +0000 http://daytradingswingtrading.org/what-path-do-i-have-to-follow-to-become-a-successful-day-trader/#comment-160742 Before you enter into any transaction you should first know what your doing, why you're doing it and how to do it. You must know the markets, the products traded in those markets and the rules governing such markets. You do not need $ 25,000 to be a day trader, and if you are tagged as a pattern trader,you need more than 25,000 since the rule is that as a pattern trader you need to maintain $ 25,000 in EQUITY at all times, this is not just a balance it is equity and there is a very big difference between the two. Judging by the wording of your question you need to start at step 1,- educate yourself. Before you start to trade you need to be able to invest, trading comes later And you need the following to go properly into the market either as an investor and/or a trader. 1 - A written sound trading/investment plan with rules that will not only help you but more importantly protect you, mostly from yourself. 2 - Sufficient trading/investment capital. Use your own money, there’s no need to go into debt so that you trade/invest. And remember there is a big difference between having a balance requirement of $ 25,000 and equity of $ 25,000. 3 - A written money management program in place. Remember never invest 100% of your capital into any one security and never have 100% of your capital invested. 4 – A full and complete understanding of the rules & regulations of the industry. Have the above in place then and only then will you be able to go into the market succesfully. No you do not need a college education, but it will help you better understand economics, the financial markets and accounting. Before you enter into any transaction you should first know what your doing, why you’re doing it and how to do it. You must know the markets, the products traded in those markets and the rules governing such markets.

You do not need $ 25,000 to be a day trader, and if you are tagged as a pattern trader,you need more than 25,000 since the rule is that as a pattern trader you need to maintain $ 25,000 in EQUITY at all times, this is not just a balance it is equity and there is a very big difference between the two.

Judging by the wording of your question you need to start at step 1,- educate yourself.

Before you start to trade you need to be able to invest, trading comes later
And you need the following to go properly into the market either as an investor and/or a trader.
1 – A written sound trading/investment plan with rules that will not only help you but more importantly protect you, mostly from yourself.
2 – Sufficient trading/investment capital. Use your own money, there’s no need to go into debt so that you trade/invest. And remember there is a big difference between having a balance requirement of $ 25,000 and equity of $ 25,000.
3 – A written money management program in place. Remember never invest 100% of your capital into any one security and never have 100% of your capital invested.
4 – A full and complete understanding of the rules & regulations of the industry.
Have the above in place then and only then will you be able to go into the market succesfully.

No you do not need a college education, but it will help you better understand economics, the financial markets and accounting.

]]> Comment on Q&A: How accurate are Analysts 1yr Targets, Recs & Ratings, etal, of Stocks referenced on various Websites? by brad http://daytradingswingtrading.org/qa-how-accurate-are-analysts-1yr-targets-recs-ratings-etal-of-stocks-referenced-on-various-websites/comment-page-1/#comment-159495 brad Mon, 31 Oct 2011 19:19:33 +0000 http://daytradingswingtrading.org/qa-how-accurate-are-analysts-1yr-targets-recs-ratings-etal-of-stocks-referenced-on-various-websites/#comment-159495 I'd bet if you checked up on the predictions and the up/downgrades at least 60-70 % of them would be wrong. Sadly, their junk news actually moves the market and that particular stock. I’d bet if you checked up on the predictions and the up/downgrades at least 60-70 % of them would be wrong. Sadly, their junk news actually moves the market and that particular stock.

]]> Comment on Q&A: How accurate are Analysts 1yr Targets, Recs & Ratings, etal, of Stocks referenced on various Websites? by M dub http://daytradingswingtrading.org/qa-how-accurate-are-analysts-1yr-targets-recs-ratings-etal-of-stocks-referenced-on-various-websites/comment-page-1/#comment-159494 M dub Mon, 31 Oct 2011 19:15:08 +0000 http://daytradingswingtrading.org/qa-how-accurate-are-analysts-1yr-targets-recs-ratings-etal-of-stocks-referenced-on-various-websites/#comment-159494 if you've ever done modeling, you know that this stuff would be all over the board. indeed, companies that don't give guidance you see analysts with wild cray variances with each other. also, if you've ever been (or read) analyst conference calls, you would scratch your head at the dumb ass questions which seem to all be based on assumptions they were using from the last quarter. its the equivalent in school of asking the professors which questions will be on the test. so basically, analysts have about as much idea as any person who can build a model with the right operating leverage assumptions. hint: its a crapshoot Will the company be better or worse than last quarter if so how much? that's all analysts are doing. very few are worth much and you need to lock into the few that are good for any given industry. if you’ve ever done modeling, you know that this stuff would be all over the board. indeed, companies that don’t give guidance you see analysts with wild cray variances with each other. also, if you’ve ever been (or read) analyst conference calls, you would scratch your head at the dumb ass questions which seem to all be based on assumptions they were using from the last quarter. its the equivalent in school of asking the professors which questions will be on the test.

so basically, analysts have about as much idea as any person who can build a model with the right operating leverage assumptions.

hint: its a crapshoot

Will the company be better or worse than last quarter if so how much? that’s all analysts are doing. very few are worth much and you need to lock into the few that are good for any given industry.

]]> Comment on Is Buy Shares and then selling a covered call a day trade? by Ted http://daytradingswingtrading.org/is-buy-shares-and-then-selling-a-covered-call-a-day-trade/comment-page-1/#comment-159123 Ted Sun, 30 Oct 2011 19:22:18 +0000 http://daytradingswingtrading.org/is-buy-shares-and-then-selling-a-covered-call-a-day-trade/#comment-159123 The stock and the option are different securities. There is no benefit to the buyer for exercising the option prior to expiration (although, in rare circumstances, this does happen . . not everybody is rational.) The term you are looking for is "exercising" not "executing". You shouldn't be dealing in options with your current level of knowledge. The stock and the option are different securities.

There is no benefit to the buyer for exercising the option prior to expiration (although, in rare circumstances, this does happen . . not everybody is rational.)

The term you are looking for is “exercising” not “executing”. You shouldn’t be dealing in options with your current level of knowledge.

]]> Comment on Is Buy Shares and then selling a covered call a day trade? by MVD34 http://daytradingswingtrading.org/is-buy-shares-and-then-selling-a-covered-call-a-day-trade/comment-page-1/#comment-159122 MVD34 Sun, 30 Oct 2011 19:03:40 +0000 http://daytradingswingtrading.org/is-buy-shares-and-then-selling-a-covered-call-a-day-trade/#comment-159122 No. A "Day Trade" is buying & selling the same security on the same trading day. The shares and the options on them are different securities in the eyes of the industry. Related, but different. No.

A “Day Trade” is buying & selling the same security on the same trading day. The shares and the options on them are different securities in the eyes of the industry. Related, but different.

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