What kind of daytrading do you do?
What kind of daytrading do you do?
Replies to This Discussion
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Permalink Reply by Steph Green on -
Scalping, I'm a scalper, I scalp indexes futures in Chicago, Japan and Europe. I scalp only during the first hour of the session. Usually my scalps last from a few seconds. I seek to take off 10 ticks and rely on 10 ticks stop-loss.
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Permalink Reply by keith long on -
I am not technically a Daytrader except that when markets are volatile, my profit limits or stops are set so tight that often I am in an out of several trades within 24 hours. But the market movement dictates all of that. Keith Long
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book.bmp, 52 KB
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Permalink Reply by ainkurn on -
I am a short-term day trader in equities. I only trade one specific system that I have been following since Nov. 2007. I have traded many other instruments in the past including forex, index futures, currency futures and stock options, but I've found a niche in what I am doing. I maintain a blog over at http://www.10kthrownaway.com/ where I outline my system and show my daily PnL and what trades I take.
-Ainkurn
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Permalink Reply by keith long on
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Ainkurn,
I went to your website and it is first rate. As a financial journalist, author and Op-Ed writer for the Finanacial Times newspaper {London}, I specialize in global economics and how they relate to US based investments. i.e. the USD.
Warren Buffett, Bill Gates both use forex as a hedge for their stock portfolio.
The world is flat. Keep globalization and forex in mind, sometime it may make money for you.
Keith Long
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Permalink Reply by ainkurn on
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Thanks for visiting my site, and thanks for the compliments. I try to keep my blog in tip top shape. I had a little success with Forex back in May 2007, but it has been so long since I even looked at a chart of the spot rates, I'd have to start from scratch if I was going to trade it again.
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Permalink Reply by keith long on
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For anyone interested, I provide a user/password to my profit-generating managed forex account. Also, anyone or anyone and their friends who can scrape together $500 in risk capital can open a managed forex investment account. My profits ytd are 30%. It makes a good hedge for any other investment vehicle, especially these days. Selling the USD has been soooo goood.
Keith Long
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Permalink Reply by KNIGHTRADER on -
I am an intraday swing trader on the S&P 500 prefer to go for the larger moves rather than scalp and i use fixed odds betting.My strategy is to try and pick a good entry and bet that the close will be higher/lower than my entry price. I use medium term support/resistance level,pivots and fibonacci and no indicators.Unless its a strong trending day (either up or down) you usually see an A or V shape forming and so i usually make 1-3 bets a day. I also use my own chart pattern prediction system which i show on my site (http://www.holygrailtrading.webs.com) together with my live calls which i make by downloading the chart showing the time i entered and entry price. With fixed odds you can only lose your stake or double it so the risk reward ratio is 1:1 which means you need a good strike rate but there are a lot of advantages.You dont have to worry about taking profits too early or letting a winner turn into a losing trade,and you dont worry about the fluctuations after entry.You also dont have to worry about your stop getting taken out on potential winning trades.I find its a stress free way of trading and lets me get on with other things
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Permalink Reply by Thomas DeMattia on
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My ave profit margin is 1.35 points in the S&P and consistency in profitable trades are above 70%. Do the Math. I trade many times more than the average Joe. I have been Trading since 1996 professionally.
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