文档介绍：TOOLS AND TACTICS FOR THE MASTER DAY TRADER
By Oliver Velez and Greg Capra
ECN = WORK
essful trading is the art of finding an idiot.
Day trading is not investing
85% of the trading game is psychological in nature.
WHAT METHOD DO YOU USE TO PICK YOUR STOCKS?
Our approach is a technical one, it is based on number of very
reliable chart pattern that represent key short – term shifts in
market psychology,
Charts are the footprints of money.
Stocks experiencing a great degree of momentum tend to correct (
or Rest) for 3 to 5 days before they resume their upward moves.
This 3 to 5 day decline typically sets up a unique opportunity for
the educated swing trader.
When the trader should strike, WHERE THE TRADERS should
place his protective stop, and WHAT the trader should look for in
the trade.
Proper trading is proper thinking. Develop a plan, find a mentor
who will teach you, and NEVER SURRENDER.
Knowledge is power, but only if it is the right knowledge. It only
takes 2 to 3 workable techniques to rise to the top of this game we
call trading.
Learned a secret rule of Thumb:
WHEN UNCERTAIN AND CRIPPLED BY DOUBT, GIVE
YOUR 6 TO 8 MONTH MARKET OUTLOOK.
1
The real talent on the street doesn’t need to hide behind a 6 to 12
months gap in time. As far as we are concerned, our domain, as
traders, is the HERE AND NOW.
As active market players, our entire lives are perpetually spent in
the next 2 to maybe 10 days. In other words, we look forward by
breaking up the market into a very digestible 2 day to 2 weeks
period.
Such as proven price patterns, support and resistance, volume
characteristics, institutional accumulation, distribution, break- outs
and break down, etc., are the tools of choice for short – term
traders, because they are based on the HERE AND NOW.
Technical setups and chart patterns are only guides. They help the
trader to access the odds of a particular play