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Day trading and swing trading
stock picks of mostly large capitalization liquid stocks are presented for the stock trader
here on real-time around 3:30pm EDT. And after the close, (usually after 9:00pm EDT),
subscribers also get an "Index Analysis" recap of the day along with the next day's
day trade as illustrated with detailed charts. Subscriptions will also receive timely emails
of all our daily updates as a bonus.
We are currently in the "tail end of a probability curve" and that means
that we are next to "getting hit by lightning" or "making a hole in one."
Conversely, when VIX.X is pushing into the 60's, fear is drilled into
the hearts of traders. As such, the only thing to do is to buy at "crash
level" TFTF boundaries and hold on tight! We have taken some criticism
during the past few weeks that our very low TFTF prices were impossible
to fill but what we had in mind was a day like today. When buying at
"crash levels," it makes one more confident of holding a position during
a panic when prices stretch even further past TFTF levels. In this
market, trade with a "worst case" scenario in mind and have the money to
buy when we reach that point. We are presently there.
"Day Trader" and "Swing Trader" have bought AAPL at 89.00 and AMZN at
61.50 and have actually bought more when they fell even lower. Current
prices are higher at 3:20pm with AAPL over 94.00 and AMZN printing
64.30. "Day Trader" will sell his holdings at best possible prices
to lock in his wonderful profits while "Swing Trader" will hold into
tomorrow for maximum "swing" profits.
Custom Search - Optimized for Day Trading and Swing Trading
Things do not always work out to plan and as market traders, one
has to adapt accordingly. We expected markets to continue Thursday's
decline by sliding in the morning and then rebounding on the passage
of Bush's bill. But the reverse occured, markets popped before the vote
and collapsed into the close. Illustrated below is how broad market
index SPY finished near the daily lows and also at new 52-week lows
and that means lower prices are ahead. Which is to say, if Arnold
the Terminator has no more money in California, a new round of
federal bailout will be the next congressional focus.
As said yesterday, tech and biotech index COMPX is "heading for lower
TFTF boundaries." This is seen below and lower prices are expected
potentially to 1885.00 on Monday.
 
We are not a huge believer of fundamental analysis for short-term trading
since intraday moves involve spikes in volume based on supply and demand.
And in longer-term trading, who knows if the funnymentals [sic] will
unfold correctly. Here's one that did not and it was the analyst's second
time around recommending an "average down" of Fannie, Freddie, and
especially some Fannie preferred stock! Ouch!
Here's a piece from option veteran McMillan whom we completely agree with:
We have to use actual market
quotations to illustrate exactly what we are doing and why we are doing it. Otherwise, the
diaries and its entries of daytrader1.com will be misleading and not educational. The
spirit of this website is to teach the market daytrader how to trade successfully by using
real-time quotes and any attempt to duplicate these trades is not a guarantee to make
money. These trades are our teaching "tools" and at the end, are only examples.
Copying these trades are in fact beyond our control and we are not responsible for any
trading losses borne out from this type of action. We do not give investment advice on
this website but only attempt to show you some of what we trade and how we trade it. Treat
this website as reading a professional trader's trading journals or "diaries".
Past performance is not indicative of future profits nor are our opinions guaranteed to be
successful. We do not make markets in the stocks that we illustrate and we may buy and
sell any stock at any prices regardless of our commentaries. And due to unforeseen web or network related technical problems, we can be
down for an indefinite amount of time without any prior notice.
Our workshop course offered here is solely intended for educational purposes only
and in no way should it be interpreted as a "sure" way to make money. It will be to
show what trading methods we actually use to set target prices for most of our trades.
Please be aware that trading is risky and not a guaranteed way to make money. We reserve the right to cancel any subscription and/or withhold our email service
towards people reselling our information, copying parts of our site and claiming that
our original work is theirs, or just any other kinds of abusive action taken against
this website. There will be no refunds for this type of behaviour.
The use of our username and password will be deemed as an acceptance and understanding
of the purpose of this website as outlined in the above disclaimers. Again, this
website is not a guarantee to make money but a teaching diary of how we setup and
exit trades. By entering our subscriber page with the use of our username and
password, the subscriber will then waive all rights to sue daytrader1.com and
any other companies associated or related on this website. Daytrader1.com will not
be held liable for any loss of money from trading as we do not give any advice or
recommendations as to what to trade but only try to teach and illustrate how we
trade our own funds in real-time trading. Again, we do advise against copying our
daily trade examples as it is not a guarantee to make money.
This site contains links to other Internet sites. These links are not endorsements
of any products or services in such sites, and no information in such site has been
endorsed or approved by this site. Copyright © 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 daytrader1.com™. All rights reserved. | |||||||||||||||||||||||||||||||||||||
