For stock day traders, what are some common, but successful strategies that always tend to work?

Question

Obviously, technical analysis is large to attemp to know everything. If you are a sucessful day trader, can you share what are you common strategies that you focus to reap continous rewards. Thanks!

Answer 1

I'm not a day trader. But I've read an article written by a relatively successful day trader who said that he was watching the ticker for the number of bids being put to buy or sell a given stock. And when he would notice a large order for many shares being placed to buy or to sell, then he would put his money in the same direction as the big order and watch what happens.

There have been some studies of how and why various stock prices change. And unsurprisingly these studies have found that large price movements for stocks are usually caused by institutional investors such as mutual funds and hedge funds who are under time pressure to buy or sell their stock holdings.

These institutional investors have a lot of money, they usually buy and sell a lot of stocks. And when they try to do it quickly for one reason or another. Then there aren't enough buyers or sellers to trade with them. And when there is an imbalance in supply and demand, then stock prices move in a big way.

Answer 2

i'm a simpleton, no longer very spectacular, i take advantage of more suitable pocket change for lengthy time period performs i recognize will are available in. on the instantaneous i will not get sufficient F and CAT, manufacturers are so good, and properly worth multiple money. i like SUNW yet they favor to make some money, the various is so out of whack now, one social gathering of a now to not purchase. A double proper technique is sweet, in case you should purchase the valley and promote it quickly for you day investors.

Answer 3

I did day trading in the '90's. It was very popular then, but then so was the .COM scams. The state I live in has a earned income tax rate of 5.3%. The capital gains rate for investments held under 1YR is 14%. If you can factor that in and make pennies, good luck. Its not worth it, there's other alternatives.

Answer 4

ValueLine is great and I have made money with them, also the tools on TD Ameritrade are very good. William O'neil's books are very good and his paper Investor's Business Daily picks good stocks

Answer 5

Day traders are exceedingly good at losing money.

Answer 6

you are definitely dreaming if you think anyone who is successful at that is here tonight and will answer.

or if one does, that you will understand the answer