I stuck to trading one stock today - my favorite RIO. I tried catching like 15 to 30 cent moves and did a bad job of it. The broker is really happy.
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Trades were: -11 cents, -15 cents, +2 cents, +7 cents, +1 cent, -5 cents, +11 cents
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The numbers:
Stocks: gross -101 net -162 shares 12,000
Stock Futures: none
Forex: none
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There was no Big Mouth Stocks.
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3 comments:
Denarii, I'd focus on stocks with wide intraday movement. That's where you can make some serious coin! Example, ENER today. Also, ANR, ACI, MEE, MTL, JRCC, CLF. I was out today but will be following these guys tomorrow. Shorting financials also seems to work well. C, BAC, FED.
I agree with the first comment but there is more you can take advantage of. I think you are too small pictured to be taking in real gains in the market currently. It is possible to stare at one stock all day and make money but that hugely decreases your chances and severly limits your diversification of strategies. Notice how i say strategies and not stocks. Think of the market as a timetable. There are strategies for trading among months, weeks, days, hours, minutes and seconds. Once you have the ability to distinguish and trust what strategy you are using you will lose all your emotional problems and begin to profit.
another thing, focus your entire intellect on how you can yield the highest percentage gains with the least amount of risk. Throw all the indicators in day trading out the window because coming up with your own ideas, analysis and proof to making money is so much more valuable than being a robot and following someone else's methods.
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