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Here are some current rules that I am working on for a successful living day trading. I am feeling very confident about my initial stop order, which is really just based many times on the classic 1-2-3 breakout, but sometimes not. I'm interested in a breakout of the high or low of day that is
Great example of one of my “after 10 am” breakouts of the low of the day…although I usually like a little upturn before it goes down, this one just headed down and down quick. In real time you really need to be on this trade and figuring out your stop price and your entering your
This is a textbook trade using my strategy of the breakouts that happen between 10 am and 10:30 almost everyday. By the way, many times you will see similar breakouts around the 1-2 pm range. Don't fall asleep! A boring market will wake up in a heartbeat. Have your stop order placed for the high
This is a great example of my day-trading style. I see a high of day formed, then usually a little downturn, then a breakout above the high of the day after the 10 AM mark. Works quite often. Keep a stop loss at about 1-2% or whatever you are comfy with, and use a trailing
Great example of an afternoon run on the down side in AKAM
This was a great low of day breakout on the short side of GMCR. I don't trade anything until after 10 am, and this trade was good until end of day. No real move back up to stop you out. Great move!!!
Hey everyone, I've been working on a new trading strategy...new to me, but I'm sure not new to anyone else. Still, this has worked for the past 10 days that I've traded it, albeit on paper. But, i've been placing the orders in the real time as it happens on a piece of paper and