What Day Trading Strategies Have Worked Best For You On NYSE?
Q: I would like to know, what Day Trading Strategies have worked best for you trading stocks on NYSE? Can you please be very specific and provide one or more examples?
A:
Daytrading NYSE stock is a dangerous game. Yes it can be done, but you're
much better off daytrading Nasdaq stocks, because of the level 2 quotes.
The lower the volume, the more risky it becomes, with low volume stocks a
little bit of money can move the stock a lot, usually in the wrong
direction. :-)
I am new to Day Trading, howeve
investor in Real Estate for over 15 years, showing my age of course (ha,ha).
As a heavy user of Internet newsgroups, going back to Compuserve forums, I can tell you that the
reason many people join these newsgroups is to share information that works and does not work for
all sorts of things. I have frequently given and received advice on Real Estate strategies,
as well as Computer Consulting advice about how to increase my practice.
The people I have met on other newsgroups, frequently gave advice, strategies and so forth, to help
the other participants in those topic newsgroups that I have mentioned.
I can be naive. I hope that this newsgroup will give me the same great level of support, advice and
strategies that I have come to rely on when dealing with people in the U.S. and all over the world.
While there are people, who are not nice, I try to look for the best in people and hope they would
give me the same respect and help.
I do not know, what kind of person you are. I wish you all the best in your investing career. Few areas of business are as competive as trading. A trader who has an "edge" is very unlikely to
divulge it to anyone, even family members, for fear of losing said edge through competitive bids or
offers.
On a trading floor, floor etiquette (and personal safety) would prevent you from asking a trader with a
winning system how his system works. The two responses you might get to such a question would be:
A) He pulls his work close to his chest and you get a blank stare.
B) A punch in the nose.
Anyone who offers a system for sale has a system that looks good on paper, but may not work in the long
run. You can play the system game, but you will need to be very nimble in recognizing and discarding
systems as soon as they stop working.