Day Trading Strategy Performance Report?
Is there any way i can test my day trading strategy with an automated program such as that offered by TradeStation?
Backtesting is a fine proxy to live trading so long as you include a large enough charge for average slippage per trade across all market environments.
Simple say your money transfer to broker
Day trading strategy – entry & exit?
buying low and selling high.
I agree 100% with your first answer. LOL
Seriously though...daytrading drives people insane in "normal" markets. why even consider it now? the market can go up or down 300-500pts in minutes with no signs whatsoever. It's pure insanity.
I look for breaking out to new highs or new lows for the day (depending on which direction I want to trade). I also look for sharp moves and watch the volume. The harder things move in one direction, the more likely a quick snapback is.
For an exit, I sit really tight -- live to trade another day -- on the downside. I am pretty open about the upside, but in this market I am very quick to take profits.
I would say never do it its like a gambling, and very hard to make money.To begin with try with little amount of money and see how it works out for you.
What's the principal to day trading?
what is necessary to begin or learn how to day trade? what are legitimate learning sites/courses? how much does it take to get started? how much would it take to be successful?
Day trading refers to the practice of buying and selling. Day trading includes stocks and foreign exchange markets. Principles of day trading are Market behavior is unpredictable so you need to have knowledge of stocks and market, trading strategy, you should be humble during victory and defeat. since it is very risky, you can try free demo account to learn forex trading and then start with real money trading when you have proper knowledge.
buying and selling the same security on the same day is the principal. it is extremely risky and extremely difficult, the people who do it are usually people who have worked in the industry, its not the kind of thing you can learn from reading a book from barnes and noble and taking a weekend course.
disclaimer, this post is for informational purposes only, no specific advice is given or implied.
You should take a course on day trading from the professionals. I've went to Trademark Academy, they are great and helped me start making money right away! you can visit their site at http://www.trademarkacademy.com. good Luck!
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