Day Trading 1.29 Part 2 Live Stock Trading
Author:
www.todaytrader.com. Live real time trading video from my screen. Learn from my winners and my losers with commentary. Direct access and Level 2 is better than using a broker I think. I use software filters and setups on the chart to determine what trades I enter. Use this video as a virtual coach for your day trading goals. It’s not easy, but this demo shows you that it can be done day after day for small consistent profits. No secrets, just years of wisdom to share with you all….
you guys are awsome, cant wait till your website is ready
Great videos, Andy what rules do you use for exiting losing trades?
Of course the entry is the most important part of the trade. That is where the money is made. When I enter a trade I aways look for general exit area where I will get out if it goes against me. It might be a moving average or a support/resistance area. I also take into consideration what the overall market is doing as well. The important thing is not to freeze up. Get out and move on.
Is there a site somewhere that shows the sectors that are moving and the main stocks within that group or do you set them up one by one? How do you find those big volume movers? Is it all through your alerts service? Thanks heaps.
You guys should set up a skype or some other audio chat on a subscription basis where you could give chumps like me some real time guidance.
Can you show this exit strategy on losing trades in future videos? I tend to focus more on the negative P&L of a losing trade instead of an exit area. It would be helpful to learn how to identify and cut losers quicker.
Most software has a feature called a “watch list” where you can imput just about anything you want including sector holders or ETFs so you can monitor them.
Most of the big volume movers are found on our alert service. We also have a watch list of about 150 stocks that we update periodically that shows us stocks hitting 5,10,15 min. highs. That enables us to catch the move early at times.
We’re working on it.