RE:RE:RE:RE:RE:RE:RE:RE:Feds move to .75 rate hikePachuko. I'd prefer to rationally reason with people rather than insult and name call but for some that just doesn't work. Some people like masfortuna are not willing to listen to reason. Believe me I've tried several times. It's impossible to get through to him. Thus, my release on him this morning.
Like some others who are requesting ... suggesting that I post my trades in real time, what all of you fail to understand is that it's impossible to do this when daytrading because you have to watch the stock closely in case it instantly turns on you and heads south, especially when you have just bought in.
While trying to post a trade in real time especially within the first half hour of highly volatile trading, you could lose a ton of money this way.
The main reason I post my trades with times, entry and exit points and amounts is for those people who are truly interested in learning and not whining. But I find most people tend to be complainers and whiners. I could just as easily post my gains without the other details but then some would think that I'm making it up.
Most people by nature are also lazy and don't want to take the time to study and analyze a trade when I've provided all the information they need. People want to be spoon fed and don't want to take the time and do the work. I did the work when I first started trading. So should others. Nothing was given to me.
If you go back and see my posted trades and study them as to time, pullbacks, what direction the markets were in, US stock futures for that day, the status of the VIX etc, etc you can learn a lot from them.
I also only know what I'm going to be doing in most cases within the first 5 to 30 minutes after the open, sometimes even up to 60 to 90 minutes longer depending on what the markets and individual stocks are doing. And then when I do pull the trigger, it's in an instant to get in at just the right time.
I've already stated in a previous post what I consider the best stocks to daytrade with. So I've provided all the information anyone needs. All you have to is go back in time and review my posts, it's simple as that. Most people are too lazy to do that and won't do it.
The reason for quick in and out trades is real simple. Some profit is better than no profit at all because just as easily a stock can rise, so can it pull back, reverse direction and fall.
In some cases you can hold longer depending on what the markets and the stock is doing. But you need a cast iron stomach and steel cahonas in most cases with all the pullbacks along the way.
Like I've said before, study the patterns. It's all in the patterns. The key to daytrading is in the stock chart patterns.
When I first started out I took some big, huge losses but after trading for over two years I've learned to limit my losses. You better or you'd lose it all, like most people do.
My posts are far from self serving when I've provided a ton of information which most people, unfortunately, including you have not taken the time to study and analyze.
Oh, and one last piece of valuable information. Google is your best friend.
Now, what will most people do with all of this information. Absolutely nothing because they are lazy and want to be spoon fed. And because it's so much easier to whine and complain.
GLTY.