Day Traders Conduct Intraday Trading Intraday is really a made up word by those so-called experts who lump all online traders into the bag of day trading. For the sophisticated observer it is plain to see the obvious differences. A day trader rides the rush of the asset, while a swing trader diagnosis the trends and holds onto it as long as the momentum last. When I think of the term intraday, I picture someone who is closing their trades literally seconds after they have opened them. The SEC hasRead More

Mistake #3 Exiting Early Some of the best parties you missed are ones you left early; some of the best concerts you never heard, because while the third encore played, you were beating the crowd out of the parking lot. And some of the quickest 50% profits you’ll miss are because you got out a week early. Have you ever heard the old adage “you never go broke taking a profit”? Complete and utter hogwash. Be patient… that last 50% will be a sweet reward. Mistake #4 Staying on theRead More

Show Me the Money In the meantime, we’ll ride rolling waves of liquidity and hope in certain sectors, and exit just after they crest. Once again, investors who try to buy and hold through it all will suffer. My advisory service, Trader’s Advantage, is designed specifically for markets like this. There are a few areas I’m paying close attention to right now for our next round of profits. Cyclicals. I expect to see a rotational market environment for some time. That means we want to look at beaten-down cyclicals, suchRead More

5. The stock market isn’t the most important game in town anymore. As we just saw firsthand, the credit market has the power to unravel the stock market, cripple the economy and take down major American icons (like Lehman Brothers and AIG). The credit market is now FIVE times larger than the stock market today. • Gilead: +111% in 13 days • Teekay Shipping: +40% in 2 days • Regions Financial: +59% in 4 days • InterContinental Exchange: +77% in 18 days • eBay: +87% in 2 days • Apple:Read More