Day Trading Training
For more tips and information about day trading training, please check out the day trading education.
Trading in the stock market is risky business as it is, but if you go in blindly without having all of the pieces of the puzzle, you’re doing yourself more harm than good. Money can absolutely be made in stocks, but how do you know what to do and when? TradeStocksAmerica.com is a trusted player in the trading world and continues to help every day traders, as well as experts, make the most informed decisions. We accomplish this through our comprehensive Web site as well as our acclaimed Wizard Training Course that teaches you the best tips and tricks of the trade. We’re so confident you’ll get the results you’re looking for that we’re offering our Daily Stock Picks Newsletter for free for a limited time! Our newsletter arrives each day by email and gives you video and text updates on the best trading for the upcoming day. It includes advice from professional experts, specific stock pick tips, video analysis and commentaries to help you get the most out of your trading day. An example of a past Daily Stock Picks report is included below. Read on to see how we can help you trade better today!
October 27, 2008, Monday Evening
- Stock trading volume and volatility will likely be lower tomorrow and Wednesday morning until any decision is announced.
Asian markets are down again tonight but not as dramatic as last night.
Light Sweet Crude Oil prices dropped 1.4% today to close at $63.23 per barrel, down $0.92.
We are going go through on VIDEO some of the indicators I look at when looking for oversold conditions that we have now. The VIX, VXN, T2108-Stocks above 40 day ma, T2100-Advance Decline Line, as well as some of the short ETFs like SKF, SRS, SDK and others.
Add to the list of most profitable highest quality stocks:
V, Visa International
MA, Mastercard
KO, Coca-cola
SLB, Schlumberger
DD, Dupont
DOW, Dow Chemical
BP, British Petroleum
COP, ConocoPhillips
CVX, Chevron
WMT, Wal-Mart Stores
PG, Procter & Gamble
IBM, IBM
BRKB, Berkshire Hathaway Class B shares, lower priced than Class A shares.
GSK, GlaxoSmithKline (major drug manufacturer)
BAC, Bank of America
PEP, Pepsi-cola
GOOG, Google
AAPL, Apple Computer
APA, Apache Energy
For the day traders, let the market open and look for a move downward in the first hour or two and look for a rebound using the 3 minute 1 day charts. I’ve been working with RIMM, AAPL, XTO, MON, APA, MOS, PRU, CME, CNQ, as intraday trades because the volatility has been so high, the trading volume is high and the spread is small between the bid and ask stock price.
Keep your position sizes small and no leverage.
Have a great day and I’ll talk to you tomorrow.
Mitch King
Contents: stock trading, trading strategies, stock picks, stock market education, stock market investing course and educational stock trading videos.
For more tips and information about day trading training, please check out day trading education.
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