Daytrading
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Support and Resistance Technical Analysis and Day Trading
Let's start with a definition of support and resistance. Support is an area of accumulation where the price of the stock is cheap enough so that people buy more (accumulate more) of the stock. Resistance is an area of distribution where the stock is at a price that traders deem to be too expensive or when they want to protect the profits they have earned, so they are encouraged to distribute or sell their holdings. Traders who are able to succ Read More... -
Reducing Risk and Keeping Your Financial House In Order
Reducing risk to your money and protecting your trading capital must come before making money in the stock market; it must always be put first in your mind when trading. You must learn and become comfortable with this being your first priority when trading. I know that sounds a little strange, but it's 100% true and a very important mindset to get into. After all, you can't play the game if you don't have the dollars. You should always be willing Read More... -
Good Trading
Good trading generally entails getting smaller when things are going bad and getting bigger when things are going well. A sure sign of a losing trader is one who is generating margin calls on days he or she is losing money. If you buy a stock and things are going your way, then consider buying other stocks. Perhaps your timing and general read of the overall market is right today. However, if stocks you are trading are not moving in your directio Read More...
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