February 26, 2008
Cover shorts here @ $175.30
Good job. Your daytrading turns a good hourly rate. Work an hour or two or three and leave with the account positive. There is a lesson here for daytraders who scan the entire market every day for the momo stocks and then stroke out with every tick
TC,
I’ve tried very hard to avoid the usual daytrading problems.
The primary one, which you read everywhere is; I was up $XXX, and gave half/all back the rest of the day.
The Opening 2hrs is where I can make my money with a very clearly defined R/R that favours my longer term success.
After that…it’s touch and go…so I avoid it.
jog
Don Bright talks a lot about most of the money being made early.
Wood,
I know you follow a lot of the VO blogs, they all pretty much say the same, early profits, churning throughout the day.
Name (required)
Mail (will not be published) (required)
Website
Blog at WordPress.com. — Theme: Connections by www.vanillamist.com
February 26, 2008 at 9:53 am
Good job. Your daytrading turns a good hourly rate. Work an hour or two or three and leave with the account positive. There is a lesson here for daytraders who scan the entire market every day for the momo stocks and then stroke out with every tick
February 26, 2008 at 9:59 am
TC,
I’ve tried very hard to avoid the usual daytrading problems.
The primary one, which you read everywhere is; I was up $XXX, and gave half/all back the rest of the day.
The Opening 2hrs is where I can make my money with a very clearly defined R/R that favours my longer term success.
After that…it’s touch and go…so I avoid it.
jog
February 26, 2008 at 12:51 pm
Don Bright talks a lot about most of the money being made early.
February 26, 2008 at 4:55 pm
Wood,
I know you follow a lot of the VO blogs, they all pretty much say the same, early profits, churning throughout the day.
jog