The Expert
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Sure;
I've got Esignal and Tradestation and Traders Audio and i just got Briefings, and i've got 4 monitors on one pc and three on another, and i've recently learnt to read company financials so thats relatively new to my trading; but otherwise i look for momentum, based on reading a chart, level 2 and time & sales, using NYSE open book, Nasdaq Totalview & ARCX book, with brokerages accounts with Tradestation, Infinity and InteractiveBrokers, with a subscription to the IBD newspaper, with a typical swing trade, i identify through research markets that i want to be in because i percieve they are prone to fast/directional movements and then i time my entries into those, with day trading i just have a feel for when something is breaking out or moving with momentum and i think thats a combination of time/sales & experience of watching how charts react at certain levels, i understand pretty much all of the stuff i imagine retail traders know about stocks, but also futures, for day trading i search for markets that will move on news and have new order flow coming into that market with all the same reason causing trends; i make this easier with regulars found with good earnings stocks with good revenue and then stocks with good upgrades by banks i consider worthy, Walmart being an example yesterday. Furthermore i like to be in the stocks for their earnings through studying that companies past performance on earnings, i also trade options, not heavily although i'm getting into them a bit more with the SPY but also to have covered calls on stocks during rough times, mostly with swing trading i'll top-down research on the weekend; Overall market conditions, Sectors conditions, Individual stock setups; i achieve this through looking through various websites to try to understand what is going on and what might have changed from the previous week to try to guage sentiment. I also trade futures, less so than i use to, and i do this through using technicals and judging when momentum is likely; i've got a pretty good feel for this and its not something i can quantify or explain. I've studied the market to try look for genuine edges that are either factually sound or atleast with a strong theoretical background; to do this really you need a good understanding of how supply/demand works as a mechanism in the actual exchange for moving the market and also the participants who are part of holding that structure together; i like to track certain figures on a level 2 window and watch the 'big size' trades; my view of the market is that people naturally have a -edge, and so i focus on exploiting that and i really try to understand the position of everyone else in the market so that i can guage the possibility of momentum or not. I like to massively scale into stocks as they go in my favour, creating big positions so that when i'm right big time, i win big time and my risk management and money management is based around my perception of the probability of a trade working out, rather than pretending every context is the same; so its very flexible. In day trading; i like to fade collective moves towards the end of the day; where everyone has made their position in one direction and then if the market starts moving the other way; their will be momentum causing more momentum causing more; so i take advantage of that situation and occasionally get caught in it too; which is kindof how i learnt to play it; i try to imagine what i would do when day trading; if i were being impulsive. If you click on my profile; u can see my monitors that i day trade on, i like it
Hopefully that helps you.
P.s. I don't seee how this has turned into how I TRADE and how credible I AM ... I was the one who was calling you a liar. But either way: There you go.
Everything is contained in The Chart :whistling
The Expert, aka, TE :smart:
