Hey everyone
Interested to hear if any of you day trade shares?
If so, how did you get into it?
Interested to hear if any of you day trade shares?
If so, how did you get into it?
Who day trades?
- Thread starter BeYourOwnAgent
- Start date
yep.
made stacks with my tech shorts recently.
http://somersoft.com/forums/showthread.php?t=82064
got burned many years earlier, though. TRY comes to mind....
made stacks with my tech shorts recently.
http://somersoft.com/forums/showthread.php?t=82064
got burned many years earlier, though. TRY comes to mind....
PM replied.
i think the ASX will top out at about 5700 - 5850.
might go long for the first time in......7 years....!
might go long for the first time in......7 years....!
Been doing it for a while now,but the day may go into weeks -months or you sit on the sidelines for months waiting that's the way a liquid market works..imho..
I have been a fulltime day trader for almost 10 years.
Initially I learned the basics through reading plenty of books and over time I developed a methodology that works effectively. It has been a slow process, but worthwhile. Although I label myself as a day trader I also hold trades for multiple days at times. I trade mostly australian equities, indices and CFDs.
Nowadays I also teach others how to trade along with trading my own funds.
Initially I learned the basics through reading plenty of books and over time I developed a methodology that works effectively. It has been a slow process, but worthwhile. Although I label myself as a day trader I also hold trades for multiple days at times. I trade mostly australian equities, indices and CFDs.
Nowadays I also teach others how to trade along with trading my own funds.
I would be interested to know how you outraded everyone Over 440% In 2 Months.
I was very actively trading during this period and managed to get some very nice breakout trades. I also had some losses in there (as all traders do!), but the number 1 rule of trading is cutting these losing trades quickly and let the winners run. I did this very effectively over this period.
My strategy today is still very similar to the strategy I employed during that trading competition, my rules of trading are not overly difficult, and in fact very straight forward. Discipline is the key.
That's the way I see it ,,every ,,uptrend or downtrend only ever differs from timing and trying to get timing right is that hard part just another ?
in what year did you make the 400%,i'm just interested as I have had several go above 900% from listing but that is over many years, I only target banks and not only the big 4 players..imho..
I made over 440% in 2 months in 2007. Yes this was a bull market, but this period was actually bit of a churn in the market and not really trending. I made money going both long and short in the competition.
I was trading mostly asx top 200 stocks. The basic principles are the same for small caps through to large caps. Most of my trades were 2-4 days of holding.
So in essence I look to catch the fast moves then reinvest elsewhere and catch the next move etc.
These imminent fast moves can become quite predictable once you get the hang of it, and in fact your risk of exposure to the market is lowered with a shorter time frame.
With regard to day/short term share trading, could anyone in here recommend a good book to start on to learn more about the process?
Here is a list I put together a couple of years ago with my favourite trading books. There is a mix of good beginners books through to advanced.
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Everyday Trader,
Do you have some form of formal qualification or professional licensing to enable your educational programme, or is it not required? I could not see any on your web site.
Cheers,
Greg
Yes of course, all the relevant boxes have been ticked.
