About Day Trading: Are You The Herd?
 | from Adam Milton
This week's day trading newsletter asks ... Are you part of the herd? If you don't know what the herd is, or you are not sure if you are part of it, then the answer is probably yes. If this is the case, please tell me about your next trade, so I can take the opposite trade. The newsletter includes: - a discussion of the herd, and why you don't want to be part of it, - the first two day trading quick tips, - and this week's economic calendar with volatility expectations. Good trading everyone, and try not to be the herd :-)
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In the Spotlight |
Are You The Herd?
Professional traders enter their trades when the probability of a profitable trade is high. Somewhat experienced traders also enter their trades when the probability is in their favor, but they still make some mistakes that delay their entries slightly. The last group of traders to enter their trades use the "I don't want to miss out on this" trading system, which also has a high probability, but of being a losing trade instead of a winning trade ... find out if you are the herd
| | Know Your Market
Whichever markets you trade (index futures, individual stocks, forex, etc.) it is important that you know each of your markets individually. Knowing each market individually means that you have watched (in real time) and studied (using historical data) each market until you are familiar with the market's usual character, such as ... find out why you need to know your market
| All News Is Old News
I recently received the following question as a blog comment. "Why is it lately that when good news comes out for a solar company does that stock go down? Why when a financial reports a few billion dollars in write-downs does that stock go up? This makes no 'logical' sense to me." This is a good question, and is something that many traders do not fully understand, so the answer to this question has become day trading quick tip # 2 ... read the answer
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