Jun
23
Day Trading Strategy > Best Stock Market Strategies – Online Trade Strategy. Using A Trading Strategy Or A Stock Market System ?
Filed Under Strategic Planning
stock trade tips
BY.- http://www.ProfitableStockMarket.com
A beginner usually feels very attracted to the stock market while for example discovering a penny stock that\’s being reported in CNBC or the news program and watching it rise steady fast and make new highs from $1 to $7 in just 2 months.
While learning about this successful news story he\’s saying to himself \”Oh boy if I was one of those lucky guys who bought that cheap stock back when it was priced at $10 I easily would have tripled my money by now… That means my 10 grand would transformed in to a whooping 70 K! hassle free … I would have been able to grab one of those big HUMMERs on the spot and probably pick up a nice Rolex by the way!\”
The stock market news constantly reports of hot small cap stocks that are breaking out and making tremendous gains on the same day or doubling in price in just a few hours. Back in the bull market of the late 90\’s you could easily see a good number of hot stocks sprouting out every week.
Those years surely made it look like every body could easily take LONG SHOTS and make a shiny pile of gold every day in the stock market. But today\’s market is a different story. A totally different animal.
Some say that the stock market has gotten more realistic. Fantasy land is over and GAMBLING YOUR WAY TO RICHES is not an option anymore. You might get lucky a few times, but your constant loses can wipe you out sooner or later.
The fact that the bull market period has ended for now doesn\’t mean that you can\’t make a great deal of money in today\’s market. A lot folks from many walks of life keep making excellent profits on a daily basis, pocketing hundreds & thousands of dollars by trading penny stocks online.
Success in penny stock trading starts by applying a wiser and REALISTIC methodology for choosing hot penny stocks as well as for getting in and out of them with profits in mind.
You need to look at the stock market more realistically. You got to learn that you can benefit when stocks go up and also when they FALL down.
You got to WORK SMARTER and get more selective about the hot stock trading opportunities that you choose. You need to embrace the nature of day trading and be fully prepared to take advantage of stocks that are poised for a BIG RISE on the same day.
The bottom line is you have to PREPARE YOUR SELF to be successful, just like you would do it in other areas of your life in order to achieve success.
BY.- http://www.ProfitableStockMarket.com
A beginner usually feels very attracted to the stock market while for example discovering a penny stock that\’s being reported in CNBC or the news program and watching it rise steady fast and make new highs from $1 to $7 in just 2 months.
While learning about this successful news story he\’s saying to himself \”Oh boy if I was one of those lucky guys who bought that cheap stock back when it was priced at $10 I easily would have tripled my money by now… That means my 10 grand would transformed in to a whooping 70 K! hassle free … I would have been able to grab one of those big HUMMERs on the spot and probably pick up a nice Rolex by the way!\”
The stock market news constantly reports of hot small cap stocks that are breaking out and making tremendous gains on the same day or doubling in price in just a few hours. Back in the bull market of the late 90\’s you could easily see a good number of hot stocks sprouting out every week.
Those years surely made it look like every body could easily take LONG SHOTS and make a shiny pile of gold every day in the stock market. But today\’s market is a different story. A totally different animal.
Some say that the stock market has gotten more realistic. Fantasy land is over and GAMBLING YOUR WAY TO RICHES is not an option anymore. You might get lucky a few times, but your constant loses can wipe you out sooner or later.
The fact that the bull market period has ended for now doesn\’t mean that you can\’t make a great deal of money in today\’s market. A lot folks from many walks of life keep making excellent profits on a daily basis, pocketing hundreds & thousands of dollars by trading penny stocks online.
Success in penny stock trading starts by applying a wiser and REALISTIC methodology for choosing hot penny stocks as well as for getting in and out of them with profits in mind.
You need to look at the stock market more realistically. You got to learn that you can benefit when stocks go up and also when they FALL down.
You got to WORK SMARTER and get more selective about the hot stock trading opportunities that you choose. You need to embrace the nature of day trading and be fully prepared to take advantage of stocks that are poised for a BIG RISE on the same day.
The bottom line is you have to PREPARE YOUR SELF to be successful, just like you would do it in other areas of your life in order to achieve success.
Comments
2 Responses to “Day Trading Strategy > Best Stock Market Strategies – Online Trade Strategy. Using A Trading Strategy Or A Stock Market System ?”
Leave a Reply
You must be logged in to post a comment.
We all know that major banks are able to generate billons of dollars every year by trading the markets. To do this, they require the best technology money can buy a set of clearly defined rules which, are measurable and… Repeatable.
Before we try to play the banks at their own game, or try to use the tools they use,
we have to understand their mentality, because they are the experts at making profit on the stock market.
Firstly , they are completely mercenary in their approach towards the market, they DO NOT CARE what stocks they buy, their sole focus is to pick stocks that have the best opportunities to make profit.
Also, they are conservative….. not only with their funds, but also emotionally, they NEVER stray from the rules just for the lure of a ‘good buy’.
(that’s how people loose out)
Last but not least, they are REALISTIC….. The banks know that they can’t find profit on every trade they make. But if they stick by their rules, they know they WILL make money. If you win 70 percent of the time, and you win more than you lose, you WILL realise a profit on a consistent, weekly basis.
Firstly, you need to determine a reason to buy, this is called an ENTRY rule, combine this with a reason to sell… the EXIT rule. Together they form your trading system.
Next you need to test your system, personally I test it over weekly, monthly and a yearly basis to get an idea of how it would have performed in particular markets and a multitude of different circumstances in the past.
Testing the past performance is the foundation to building a profitable trading system.
(if you build a house on mud, it’s going to sink!)
However, as conditions in the market change, a trading system’s effectiveness may also change.
To ensure the system will still be effective under TODAY’S conditions, a process of VERIFICATION has to be performed.
I use a system which allows me to use trading dollars to test each of my systems on the live market.
Recent Results from one of my systems:
Buy Date Code Buy Price Quantity Position Last Date Last Price Duration Status Exit Profit
23.06.09 LNN 11.510 434 4,995.34 14.07.09 11.620 16 Closed [Time] 12.34
25.06.09 ALL 3.540 1,412 4,998.48 16.07.09 3.880 16 Closed [Time] 444.68
29.06.09 ARG 5.800 862 4,999.60 20.07.09 5.810 16 Closed [Time] -26.78
30.06.09 NCM 30.350 164 4,977.40 21.07.09 31.650 16 Closed [Time] 177.80
01.07.09 PRY 5.150 970 4,995.50 22.07.09 5.650 16 Closed [Time] 449.60
03.07.09 CRG 9.790 510 4,992.90 24.07.09 10.520 16 Closed [Time] 336.90
07.07.09 AFI 4.320 1,157 4,998.24 24.07.09 4.560 14 Open 259.98
09.07.09 AMC 5.010 998 4,999.98 24.07.09 5.110 12 Open 82.10
10.07.09 OSH 5.320 939 4,995.48 24.07.09 5.590 11 Open 235.83
13.07.09 IRE 6.570 761 4,999.77 24.07.09 6.800 10 Open 157.33
15.07.09 ABB 9.050 552 4,995.60 24.07.09 8.910 8 Open -94.98
17.07.09 CAB 5.400 925 4,995.00 24.07.09 5.260 6 Open -147.20
21.07.09 COH 52.680 94 4,951.92 24.07.09 56.050 4 Open 299.08
22.07.09 BBG 8.320 600 4,992.00 24.07.09 8.590 3 Open 144.30
We all know that major banks are able to generate billons of dollars every year by trading the markets. To do this, they require the best technology money can buy a set of clearly defined rules which, are measurable and… Repeatable.
Before we try to play the banks at their own game, or try to use the tools they use,
we have to understand their mentality, because they are the experts at making profit on the stock market.
Firstly , they are completely mercenary in their approach towards the market, they DO NOT CARE what stocks they buy, their sole focus is to pick stocks that have the best opportunities to make profit.
Also, they are conservative….. not only with their funds, but also emotionally, they NEVER stray from the rules just for the lure of a ‘good buy’.
(that’s how people loose out)
Last but not least, they are REALISTIC….. The banks know that they can’t find profit on every trade they make. But if they stick by their rules, they know they WILL make money. If you win 70 percent of the time, and you win more than you lose, you WILL realise a profit on a consistent, weekly basis.
Firstly, you need to determine a reason to buy, this is called an ENTRY rule, combine this with a reason to sell… the EXIT rule. Together they form your trading system.
Next you need to test your system, personally I test it over weekly, monthly and a yearly basis to get an idea of how it would have performed in particular markets and a multitude of different circumstances in the past.
Testing the past performance is the foundation to building a profitable trading system.
(if you build a house on mud, it’s going to sink!)
However, as conditions in the market change, a trading system’s effectiveness may also change.
To ensure the system will still be effective under TODAY’S conditions, a process of VERIFICATION has to be performed.
I use a system which allows me to use trading dollars to test each of my systems on the live market.
Recent Results from one of my systems:
Buy Date Code Buy Price Quantity Position Last Date Last Price Duration Status Exit Profit
23.06.09 LNN 11.510 434 4,995.34 14.07.09 11.620 16 Closed [Time] 12.34
25.06.09 ALL 3.540 1,412 4,998.48 16.07.09 3.880 16 Closed [Time] 444.68
29.06.09 ARG 5.800 862 4,999.60 20.07.09 5.810 16 Closed [Time] -26.78
30.06.09 NCM 30.350 164 4,977.40 21.07.09 31.650 16 Closed [Time] 177.80
01.07.09 PRY 5.150 970 4,995.50 22.07.09 5.650 16 Closed [Time] 449.60
03.07.09 CRG 9.790 510 4,992.90 24.07.09 10.520 16 Closed [Time] 336.90
07.07.09 AFI 4.320 1,157 4,998.24 24.07.09 4.560 14 Open 259.98
09.07.09 AMC 5.010 998 4,999.98 24.07.09 5.110 12 Open 82.10
10.07.09 OSH 5.320 939 4,995.48 24.07.09 5.590 11 Open 235.83
13.07.09 IRE 6.570 761 4,999.77 24.07.09 6.800 10 Open 157.33
15.07.09 ABB 9.050 552 4,995.60 24.07.09 8.910 8 Open -94.98
17.07.09 CAB 5.400 925 4,995.00 24.07.09 5.260 6 Open -147.20
21.07.09 COH 52.680 94 4,951.92 24.07.09 56.050 4 Open 299.08
22.07.09 BBG 8.320 600 4,992.00 24.07.09 8.590 3 Open 144.30
http://www.globaltradertech.com