Day Trading Investing Stocks I Need Two Or Three Proven Strategies?

Question

Hi

I have been Daytrading the Nasdaq, Amex, Nyse, BB and PK stocks using Etrades level 2 software. I have had success trading news stories, earnings Good/bad, Share Buybacks, gaps up and down, buyouts and FDA news approvals and non approved.

I have read dozens of books and been on courses regarding day Trading but the best trades I have made I have figured out myself. I Am Looking for more specific Individual ideas that others may have found successful.

For instance I watch the news feeds all day looking for key words in news that will trigger a price move or I'll spot a loser and follow it for 2-3 days till it's almost dead and then buy it as it bounces back, another good one is following the top 10 risers of the day till 10.10 am and then buy one that carries on it's rise. So anybody got any Good Individual ideas I will appreciate it.

Answer 1

This is amazing, I have been wanting to hear about someone who is actually making money day trading! I'm in college and I haven't had the chance nor the money to start yet but I would love to do this for a living. From my research, I found that the news about mergers & acquisitions, clinical trials, and all you mentioned sends stocks skyrocketing.

The website below has software that scans the news feeds for you specifically for day traders. It is programmed to look for the key words that causes big moves in stock prices. If there is any advice you could give me before I get started I would love to hear it.

Answer 2

The kind of person you are- everything from intelligence to knowledge, instinct, risk tolerance and guts all make up part of the answer. I think there is some similarity to poker, in that you have to find your style as well as know the game to be a winner. Some players can bluff, some can't. Some investors can think critically and accurately when in an emotionally intense situation, some can't. That's how it works. Best advice is to know your limits, what you are comfortable with and capable of, and stay within them. Experience is the best teacher, and school never ends. Strategy MUST include the existing conditions, and must adapt to conditions when they change. The market is not normal now, and hasn't been for some time. At the depth of the recession those who had smarts enough to preserve their cash were jumping in the bottom of the hole when others were terrified. I got my mother to cash in a CD that I have invested and managed for her since late 08, went to cash as the market dropped and waited for that moment. That portfolio is up 593% in 33 months since it opened. The conditions that made that possible are gone, but there are new conditions and new opportunities. Not that will go as fast or as far, but still some that will be 10X in 3 to 5 years. We are still in a recovery mode, and my strategy bets on the recovery of already proven stocks as opposed to wildcat gains and new highs for less proven ones. With any strategy, the universal trick is to position yourself with the right stocks at the right time. Every stock is a winner or loser, depending on when you buy and sell.

Answer 3

Unlike the other posters here, I get the distinct impression that David is not doing well. If he was doing well he wouldn't be here asking for ideas. He has read dozens of books and taken courses, but still he's here on Yahoo! Answers looking for ideas. Unfortunately I think David is having trouble exactly where most Daytraders have trouble, in execution not in strategy. The strategy behind daytrading is enticingly simple, it's the execution that kills you. I have tried daytrading in the past with some success, but it was too difficult and too unreliable for my taste. There are far easier ways to make money in the stock market.

If there was one piece of advice that I would give David, it would be to stop trading around noon. I always had a heck of a time making money in the afternoon. The good oppurtunities are in the morning. Make it a rule, no matter what, at 1:00, call it a day.

Answer 4

Binary trading is notoriously risky but if you follow a special method I've learned you can earn good money at almost no risk. This is the site I use: ( http://forexsignal.kyma.info ) I definitely recommend subscribing to this site in particular. I was a bit weary of binary trading from all the bad hype they receive but this site is pretty legit. This course explain everything you need to start a very profitable trading activity. Remember never invest 100% of your capital into any one security and never have 100% of your capital invested and a good understanding of the rules

Answer 5

Hello,
I've been trading the market for just a few months. My cousin actually told me about this website ( http://pennystocks.toptips.org ) and I signed up immediately after. This is my honest review about their method. I'm not someone who has a lot of time to be researching for ideas because I work many hours. they made it incredibly easy for me to make money in the market. Their reports are easy to read and follow. I've tracked most of the stock ideas that I've received in my e-mail from them and MANY have seen some nice gains after their announcements. I've made a nice profit (55% return on my investment on one, and 112% on the other!) on a couple of suggestions he's given and plan to start trading his ideas a lot more.

For more info: http://pennystocks.toptips.org
Cheers.

Answer 6

I've heard numbers that are essentially that 8 or 9 out of 10 daytraders lose money, most of them badly losing money. Sounds like you're doing pretty well. I suppose if I wanted a "proven strategy", I'd take notes from you. Hang in there and don't let the leveraged-greed bug bite you.

Answer 7

Penny stocks are loosely categorized companies with share prices of below $5 and with market caps of under $200 million. They are sometimes referred to as "the slot machines of the equity market" because of the money involved. There may be a good place for penny stocks in the portfolio of an experienced, advanced investor, however, if you follow this guide you will learn the most efficient strategies https://tr.im/fb19f

Answer 8

The hardest part is matching the strategy to the person, because without the right temperment, the person won't stick to the strategy. It seem that you have found something that works for you. Keep doing the same thing on a bigger and bigger scale. The great traders usually had just on method, but they mastered it.

Answer 9

Daytrading stocks is very difficult. Switch to financial index e-mini futures contracts - Euro, Russell, S&P. Lots of good systems/technical analysis software out there.

Answer 10

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