Learn how to trade Stocks using volume by Shoot
TradingApples.com Here is a quick lesson and thoughts on how Shoot personally uses volume to trade stocks.
Day Trading and Swing Trading Techniques
TradingApples.com Here is a quick lesson and thoughts on how Shoot personally uses volume to trade stocks.
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August 22nd, 2010 at 11:15 pm
@suprattkk hey you, 20,000 leagues under the brain, yeah you. you obviously don’t know about scalping. well, some people, like you, only wish the market would do them a favor and some people take little bits at a time. make a video of one of your executed “home runs”. my chuckling is now turning into laughter….
August 22nd, 2010 at 11:16 pm
@strobe9 For the most part yes.
August 22nd, 2010 at 11:24 pm
is most of your trading based on volume spread analysis?
August 23rd, 2010 at 12:23 am
@suprattkk Who said anything about talent? And how much money have you made trading this year?
August 23rd, 2010 at 12:39 am
@TradingApples um 500 shares by 160= 80k and you made 150 lol leverage or not that takes no talent
August 23rd, 2010 at 1:36 am
@suprattkk Ever heard of leverage, genius?
August 23rd, 2010 at 2:14 am
out of like 80 grand you made $150? yeah sorry to say, that’s not day trading that’s making less than 1% ROI lol
August 23rd, 2010 at 2:58 am
@USEYERNAME37 Hi I’m using instaquote. Thanks.
August 23rd, 2010 at 3:41 am
Hi Question: What software are you using????
August 23rd, 2010 at 3:55 am
TradingApples uses a method that works extremely well. I was taught by them through their courses and I am doing extremely well with this method now as well.
If you are “not going to share your approach” then I don’t really think you have much ground to stand on in criticizing anyones method that is actually shown and explained in videos.
August 23rd, 2010 at 4:10 am
Been trading ten years now. I don’t see any value in this. No better than a coin flip. I won’t share my approach. Good luck.
August 23rd, 2010 at 4:54 am
Hmm..you know I’ve been thinking of trying my hand at forex lately and this sounds like it would be more ideal as I wouldn’t be utilizing full leverage anyway. So maybe I could simply use a portion of my leverage for positions like this. Thanks for the thoughts man. Shoot.
August 23rd, 2010 at 5:36 am
Yes, it’s one of a few simple money management techniques that really helps with profits. Over the course of 5 or 10 trades techniques like this may be hit or miss, but over a larger sample like hundreds of trades it becomes a big advantage.
I basically document each trade I take and will review them to see what changes I can make to increase profits. It’s because of that research that I can know ahead of time whether or not it’ll work.
Hope it helps.
Cheers.
August 23rd, 2010 at 6:08 am
Hey Kosai,
Yes, it is a good strategy but the main issue with me here is that I am a day trader. So basically my model is that I utilize most of my capital all at one time to go for the quick hits in the market so it would be a problem for me to have a portion of my capital tied up in a longer position. But all things considered in theory this sounds like it could be fairly effective, that is if price cooperates with your calls. Do you personally employ this strategy? Thanks for the thoughts.
August 23rd, 2010 at 6:10 am
To add to the previous comment…
If you do the math that 20% fraction only needs to reach 5 times of the original exit only 1 of every 5 trades. I.E. If you did an 80% exit in 5 trades and only one time 20% fraction reaches a profit, it mathematically makes the same amount of money as no partial exit across all 5 trades.
You can pick specific setups where you think the market has enough momentum to reach that profit objective. I think it’s a good M/M strategy.
Just food for thought.
August 23rd, 2010 at 6:56 am
Yeah, I’ve been trading 5 years … mostly forex.
I understand each trader has their own unique style but what I was suggesting was an 80% exit of a profitable position with the remaining 20% set at a break even stop.
Because your stop size is small you can exit at 5 times the original exit point and get an additional 100% profit from that run. Can use a trailing stop or many other strategies… Worth thinking about…
Great videos.. cheers.
August 23rd, 2010 at 6:59 am
Hey Kosai,
Well, mainly because I’m not a swing trader. What you’re talking about would basically be combining swing trading with daytrading. Not saying it’s a bad idea or that it doesn’t work, but I really dislike sitting on positions for a long time. I like to get in and out and be done with it. I have been considering doing some different things with swing trading lately though. Do you swing trade?
August 23rd, 2010 at 7:15 am
I’m curious why you don’t allow a smart fraction of your original position to remain open. If the market has one really large movement you can double profits.
I.E. 80% exit and leave 20% to run. A 5x movement relative to stop equals a 100% of risk… so 180% total relative to risk.