Wednesday, February 15, 2012

Day Trading Stocks - Apple - February 15, 2012

Check out this video on how you could have profited by day trading Apple stock today, the wildest day in the market this year!
href="http://www.bestdaytradingstocks.com">www.bestdaytradingstocks.com

Sunday, February 12, 2012

A Day Trading Tip

I participate, or actually I should say, observe a trading group on Facebook, and it is quite clear to me that most of the participants are simply looking for action, and hope to be profitable. Even the supposed better traders in the group do not seem to have a clear cut strategy that they stick with consistently. The other thing I observe is that most of them love to talk about their winning trades, and they get very excited when these come along. Finally, most seem to trade every day, even if there is limited action and opportunity.

One of the lessons I have had to learn as a trader is to be patient and wait only for those opportunities where the probabilities of success are clearly in my favor. I have found that most people seem to think they need to trade every day no matter what. They also seem to want to be right, rather than profitable. For instance, as Apple stock has moved from $450 to just under $500 in the last week, I noted several traders in the group publicly saying they were buying puts, betting that Apple is wildly over priced, and ready for a plunge. Meanwhile, the stock has evened managed to climb or break even on days when the overall market is down. That is what we call a positive divergence!

The point I am making here is that it is not necessary for you as a day trader to trade every day. Your only goal is to be profitable. If you let other goals cloud your mind, such as being right on the direction of the overall market, then ultimately you will not be profitable. With this in mind, only trade when there are good opportunities for profit. If the market is dull, and these opportunities do not present themselves, then take a break. You want to preserve your capital for those days when windfall opportunities come along, because in the long run, those are the days that will contribute most to your bottom line.

www.bestdaytradingstocks.com

Thursday, February 9, 2012