stop too high

this happened too many times

Don't be a pig

kathy970: he means dont keep holding all of your position. You have a nice move up, sell some. Also means DONT buy here, it is too extended. He expects some pullback

Monday high again

Went up almost $1

10-20 cents strategy

Since stock fluctuates during the day

Up and down,  so sell when 10 cents up and wait it turn around buy more

1000 at a time

Suggestions RAX

: How about RAX? Buy at 1st pull back?
06:14 Slider: Gchu it is a very long learning process. Start by going to Stockcharts.com and click on the Chart School tab. Something to get you started..https://stockcharts.com/step-by-step-trading.pdf and read this book...http://www.youblisher.com/p/1302531-The-New-Trading-For-a-Living-PDF-eBook-by-Dr-Alexander-Elder/
06:15 Slider: If you are DT..buy at the open
06:15 Slider: If you are new to trading I would not be day trading.
06:16 Slider: RAX buy at 29.50..stop 28.50
06:16 Slider: Off to work..good luck today
Tawfic

Good morning TTers!!!
05:51:08
0

BAZ4545

HI SLIDER, WHEN ARE THE VUZI EARNINGS
05:45:44
2

Pattern

https://www.stocktrader.com/2009/05/18/best-stock-chart-patterns-investing-technical-analysis/

Nyse open book

https://www.elitetrader.com/et/threads/nasdaq-totalview-nyse-open-book-arcabook-differences.212956/

S&P futures vs fair value: +1.80. Nasdaq futures vs fair value: +5.90.

https://www.thestreet.com/story/12082070/1/an-elementary-understanding-of-fair-value-vs-futures-price.html

made over $10,000 in one month trading AAPL

dgf

HarryBoxer

DGF stands for "DOWN GOES FRAZIER"!! seriously a favorite phrase of mine LOL

ScottraderElite from Scottade.

 ScottraderElite from Scottade.

YOY - year over year

drug stock

kathy970: Many times, it does not matter what a drug company's earnings are, it is all about what they will be. So if they report good progress on their drugs it wont matter what they report for earnings or revenues. As I recall, PBYI has 3 drugs in Phase 3? that is very good

04:58 Me: which phase will the drug be available to general public?

04:58 kathy970: after Phase 3

when buy at close to end of day

Do not buy at the end of day, if bought, sell at 20 cents gain,  and if not leave to next day.

2nd pull back of AAPL

This morning, I bought at first pull back, that was wrong, should wait for another 10 minutes.

But I hold the stock and end up sold with 50 cents gain each. So need to wait till 9:50 AM if strait up then buy, otherwise it went down so quickly.

Thursday after Wed high

9:30 low
9:40 min not the lowest
9:50 105.97
looks like it is going to pass 106 definitely today
9:58 dropped to 105.51
10 AM 105.52, 105.56  ...

Thursday after Wed high

9:30 low
9:40 min not the lowest
9:50 105.97
looks like it is going to pass 106 definitely today
9:58 dropped to 105.51
10 AM 105.52 ...

Trading psychology

http://www.brettsteenbarger.com/articles.htm

 http://www.daytradingpsychology.com/causes-of-trader-failure/mind-traps/

Andre

Hi Stu -- Trading psychology certainly plays a significant in the work of a day trader.   Over the past few years, I've posted some articles from Brett Steenbarger, Ph.D.,Trading Psychology Expert and Author.   Profile:  Brett Steenbarger has been actively involved in the financial markets since the late 1970s.  Brett has an interest in using historical patterns in markets to find a trading edge and has created a number of unique measures of market trend, momentum, and institutional activity designed to aid short-term traders.  These measures–and the trading strategies derived from them–have been chronicled daily in his TraderFeed blog.  He is also a regular contributor to Forbes.  He is the author of a number of popular trading performance books, including The Psychology of Trading, Enhancing Trader Performance, The Daily Trading Coach and his new book Trading Psychology 2.0. 

If you enter the search word  'steenbarger' in the top right window of the techtrader website, you'll find a few of those articles.  The link below provides access to all of his articles on trading psychology.

why AAPL up

I want to try Action Alerts PLUS free for 14 days.

https://www.thestreet.com/story/13663437/1/here-s-a-reason-why-apple-aapl-stock-is-gaining-today.html

If no 1st pull back at all

You have to buy immediately or buy when it goes down again

Wed is up trend after Tues down

If lots of people buying, previously date close +30 cents

If whole market down means down

So stock market is a dangerous place

10 minutes wait rule

You have to wait in order to prevent loss. I bought at 7 minutes and lost big time. After 10-15 minutes if stock keeps going up then. You know it is going up.

Plus,  you need to see volume of transactions

Tuesday buy and sell

Check data.nasdaq.com bookviewer, if at 9:15 AM not many buyers, you may have a sense that not many buying.

I had a feeling today is a bad day need to skip or wait, but I did not follow the inner sense. SO, YOU DO NOT HAVE TO TRADE DAILY. IF NOT A GOOD DAY WAIT.

So do not put all in the 1st buy, use only 1/3 fund.

Then when marked started, wait for at least 10 minutes till price drops if not many buying( I made big mistake, not to wait for 10 minutes, I bought around 7 minutes and priced at 105.91, and immediately dropped price).  But today price keeps dropping till 10:30, and continue through out the day. It never comes back.

Then I bought again at 10:30 priced at 104.92, still bought high
Then again 104.86 for 79 shares. I should have waited for the lowest. but

At the end of day around 3:56 PM I was thinking to buy more or not, then I remember that dividend is going to distribute, so I bought again at 104.47, stock closed at 104.48

AAPL I lost xxxx because of bad timing, own 2890 shares x .57 dividend per share = 1647.3 basically returned all of my lost for today.

Also the gap between the high and low is is 106.07 and 104 which is more than $2, amazing gap

Tuesday is a bad day to buy

Usually after Monday hype, Tuesday goes down pretty fast.

Tuesday after Mon up, usually goes down

Daily buy decisions

Either up or down

After 1st pull back need to buy immediately if up,  usually need to wait for
10 minutes.

Put a stop loss of $1 or 2

Including dividend in the lose consideration

Stop needs to have a good distance

I think for Apple need a least 50 cents

Daily

Study possible directions

1. Up
2. Down

Check bookviewer to determine up or down

If up direction find immediate sell price place order,  so can get stock immediately  when stock open

The sell after it went up 5th peak

Monday usually goes up immediately if bull direction

Add 20 cents to previous day

After open first pull back
If going up,  buy immediately,  it will jump another 20 cents,  2nd pull back

Can buy again

If continue jump,  the 5th is highest,  sell immediately,  estimated at 30 cents more