| StockFetcher Forums · General Discussion · What I've Learned While Trading | << 1 2 3 >>Post Follow-up |
| SFMc01 358 posts msg #134481 - Ignore SFMc01 |
2/22/2017 5:31:46 PM I thought it might be interesting if we shared things "we think" we've learned through our trading. I, for one, am interested in the insights our members may have gained through their trading years. I'll start off. I'm a day trader of stocks and futures in that I attempt to get in and out the same day. I probably make between 10 and 20 trades a day. I'm successful. We've all heard the saying "Don't fight the trend." I've observed that If my filters indicate/select a stock to go long, my success is much better if I only BUY when the DJI starts off going up that day. I make this decision by observing the action of the futures ES, TF, NQ and YM on a Radar Screen between 9:15 AM and 9:30 AM. It seems that in the vast majority of days, if the futures start off "down," the market will start off down. Simply, if these futures are "down" from their close at 4:15 pm the previous day, I do not buy at the open of the market. I have found that while I may win some, my losses that day will exceed my winnings. What have you observed? |
| pthomas215 1,251 posts msg #134482 - Ignore pthomas215 |
2/22/2017 6:25:42 PM good idea for a topic. 1) fundamentals matter 2) dont trade if you are prone to mental breakdowns I think fundamentals matter. I have seen stocks gap down that are very strong stocks. while swing traders flee, long term investors buy more. so gaps are more prone to fill. also, if unsure about the trading strategy, either paper trade or take smaller positions. |
| shillllihs 6,044 posts msg #134483 - Ignore shillllihs |
2/22/2017 6:35:06 PM Every inverse leveraged ETF that has GAPPED up, has filled. Keep tiny short positions at all time, it's free money. |
| marine2 963 posts msg #134484 - Ignore marine2 modified |
2/22/2017 7:11:10 PM I am a swing trader. Been at it a long time. Years ago it was through fundamentals and rudimentary indicators such as, ma(50) in relation to the price of a particular stock. This was before Stock Fetcher even existed. Then came other indicator tools such as moving average cross overs and divergences, etc. Have I lost money in the past learning from my errors, I sure have. Now, the last few years I have honed my trading in a much more efficient, scientific, money making manner. Using the tools here that Stock Fetcher provides but also taking into consideration a stock's fundamentals and what is the trend of the market as a whole. Considering vital areas of stock investing and when to jump in and jump out of QUALITY stocks that is crucial in your success as a trader. When people say, you should never time the market I think that is wrong. Any investing into the market whether it be short term and long term you should always look at when to get in and get out. When to sell your position in the market is also just as vital as when to buy into it. Again, your Stock Fetcher tools will help you in when to sell your position. I call it an art where you utilize your experience knowing what tools work best for you. Lots of money to make. Investing is like fishing, to catch lots of fish, you need the proper gear, knowing the fish your trying for's habits, what they like to eat, and have lots of patience. In trading and investing, it's the same. Knowing how much money to invest, the market conditions (red light vs green light), a stock's fundamentals, and the tools you have at your disposal, and lots of patience. If you haven't lost money in this game of trading / investing you either walk on water or are not telling us the truth. Hard knocks come first, then profits come there-after. |
| miketranz 961 posts msg #134523 - Ignore miketranz modified |
2/23/2017 11:06:08 PM The market's a set up,a shake out game by design,to siphon money from your account as rapidly as possible.The only reason it exists,in my opinion,is to extract large amounts of capitol,at the expense of the public.It's controlled by two elements,fear and greed,by a few of the largest institutions on the planet.86% of actively managed equity funds under perform the Standard & Poor. 95% of retail traders loss money,year after year,using the market as their private casino.Many day traders will wipe out their accounts within a year.The three main reasons for trading failure are 1)Lack of a solid plan,based on mathematical probabilities.2)Lack of money management skills,risk/reward factors.3)Lack of information.If your goal is to make money in the market,Stockfetcher has the tools at your disposable to do so.The market's a numbers game,not a guessing game,and until one realizes that,he will continually bleed money into the system.Miketranz.... |
| Mactheriverrat 3,153 posts msg #134892 - Ignore Mactheriverrat modified |
3/13/2017 1:44:12 AM Peter Lynch stated that one should never fall in love with a stock. They should trade the trend. |
| four 5,087 posts msg #134904 - Ignore four |
3/13/2017 5:19:24 PM To follow Miketranz's thought about knowing the numbers; http://ivanhoff.com/2013/11/04/everything-you-need-to-know-about-swing-trading/ A few words on position sizing: Let’s assume that your trading capital is 200k and you want to buy a stock at 40 with a stop at 38. You are risking $2 per stock. 1% out of 200k is 2k, which is your risk per idea. Your position size is 2000 : 2 = 1000 shares. 1000 shares * $40 = 40k, which is 20% of your capital If it goes against you, in most cases you will lose 2k or 1% of your capital. If it goes in your favor and the stock goes to 45, you will make $5 per share or 5k, which is 2.5% of your current capital. There are different ways to exit a profitable trade, but this is a topic for another discussion. |
| lhd494 8 posts msg #134945 - Ignore lhd494 |
3/15/2017 8:56:18 PM I was taught to live on 90% of what I made and invest the other 10% in dividend blue chip stocks reinvest dividends. I had dividends cut (BAC,F), some companies go out of business (GM, WM..) but I keep on investing, I'm into fixed income, higher yields, and swing trade when I can, I buy in volume and look for 2-3% and out, some times all I need is a few cents, every trade I make I look for $100.00/net profit. I have learned that when the FED speaks be in gold, Like today 14 Feb, JNUG paid for my family vacation today and our cruise in Sept. |
| fotchstecker 304 posts msg #134950 - Ignore fotchstecker |
3/16/2017 9:28:58 AM About trading and more, too: Risk is everything. Time is your friend. |
| johnpaulca 12,036 posts msg #134975 - Ignore johnpaulca modified |
3/17/2017 11:23:54 AM https://investingcaffeine.com/ |
| StockFetcher Forums · General Discussion · What I've Learned While Trading | << 1 2 3 >>Post Follow-up |
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