Posts Tagged ‘ Brokerages ’

TRADE REVIEW $SINA

Distribution days in $SPY $QQQ $ES_F are increasing, if your a long term- swing trader on buy side, market has given enough reasons to be cautious.

$SINA one of the stocks we shorted today, was on our radar to be shorted in our online live trading room yesterday if there was any weakness in the region of 63.70-63.90, however, we saw a a lot of buying in the tape yesterday, therefore had it on our list today. Once $SINA 62 broke today and showing weakness on the tape with a weak market, I started to look for shorting opportunity.

1st trade short  below yest low 61.85, got a crap fill and got in at .70s with stops at 62. Mentioned in the trading room if it break below 61.70s (2nd add)  time to double or triple up cause now the trade short was high probability trade on all time frames.

If you would like to join us in our trading room, email: dcshn6@gmail.com.

For traders who are looking for HIGH LEVERAGE, LOW COMMISSIONS and RELIABLE PLATFORM, check out TRADER BENEFITS TAB for more info.

Entry and exit was posted on twitter live too 🙂 .  Follow me on twitter @dchsn6

 

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TRADE REVIEW $BIDU $SSYS $VVUS $ENR $DECK

After a slow start in the morning in $SPY $QQQ ,  our  online live trading room came alive in the afternoon session, with some great calls made in $BIDU $SSYS $VVUS $ENR $DECK. All trades were easy and it is already turning out to be a great week for our traders in our online live trading room. Check out the charts below, and it will show you easy entries with pretty much no pain and smooth sailing right from the word go. IF you would like to have a 14 day trial to our trading room email me : dchsn6@gmail.com for access asap and get your trading back on track with these bread and butter trades of mine 🙂

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6 STEPS TO BE A PROFITABLE DAY TRADER

1. Financial Instrument: As a trader, you should understand the financial instrument that your trading whether it be stocks, options, futures or cfd’s. Each instrument has it’s own characteristics and personalities. Find which one is similar to yours and concentrate on that financial instrument. Best way to find out which one suits you is try demo accounts for those instruments, with the number of brokerages out there, you would be able to find a brokerage to have demo accounts for trial.

2. Capital: Once you determine the financial instrument you would like to trade , determine how much capital you would need. Remember, risk only what your willing to lose. If your a newbie, you might have a beginner’s luck in one-two trades i.e. why having sufficient capital to start your trading is utmost important.

3. Broker: Whether your profitable or not, you will always have to pay commissions for whichever financial instrument your trading. Find out which broker can provide you the following:

  • Low commissions
  • Stable and reliable platform
  • leverage
  • excellent customer service
  • easy to deposit and withdraw funds
  • trading room with trading mentors.

If you trade stocks then you reach out to me for which broker I use.

4. Trading Mentor: This is going to be one of the trickiest part, with some many traders out there and so many trading rooms. It has become confusing at times to find out which mentor is good for you. But once again, most mentor out there who run a trading room, they would have free trials to their room, so try to get access to it and spend atleast a month at a bare minimum and understand his strategy or personality and see if it resonates with you. @stocktwits has a lot of traders in there, you can see the posts of those traders and see if they fit your personality.

5. Trading Plan:  Trading is like a business, if you don’t have a plan of action your bound to fail. It’s only a matter of time, once you determined your trading mentor.  Ask the mentor to develop trading plan for you and help you with understanding risk management.

6. Trade Small Sizes: As a new trader when you start and have done all above 5, you will feel your pretty much invincible. But let me tell you straight up, if you keep hitting big sizes as a newbie, your account will shrink faster than you can hit those keys on your keyboard and you won’t even know what happened.

Hope all of this helps.

Follow me on twitter @dchsn6

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