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Registered User Joined: 5/24/2005 Posts: 16
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Where do most day traders get their info? What determines which stocks you pick? Where can I find 'Today's Top 50' or top 100 movers?
Thanks, Rod
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Worden Trainer
Joined: 10/1/2004 Posts: 18,819
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Finding the top movers of the day is easy.
Pick any WatchList (even ALL STOCKS) and sort them by PRICE PERCENT CHANGE TODAY.
Check out this video on the power of sorting:
Create your own stock rankings using WatchLists and Sort conditions
- Craig Here to Help!
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Registered User Joined: 10/7/2004 Posts: 166
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Couple of questions before I suggest anything: - How long: - have you been trading? - been using TC2005? - How much: - do you want to make and by when? - do you want to lose? In the meantime, think about this quote (saw it in Businesweek): "...investing(ie. trading) is like farming. You plant and you wait. Most days you are not harvesting." My addition to that quote is ...no other farmer comes along and gives you their harvest! Good farmers share their ideas and try out things for themselves. Happy Charting
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Registered User Joined: 12/8/2004 Posts: 1,301
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MOT, I like that quote "most days you are not harvesting". I couldn't agree more.
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Registered User Joined: 5/24/2005 Posts: 16
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motmouth, Been trading for only 6 months, studied under a good teacher for 1-1/2 year and continue to get update info from them.Been using TC2005 about 8 mos. Your last 2 questions: 1)I'd like to make AT LEAST $2500. month 2)No, i'd rather not lose, but a slight loss comes with trading.
Thanks to Craig S. also!
Rod
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Registered User Joined: 5/24/2005 Posts: 16
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Craig S. , I think I found what I want by clicking on the 'REPORTS' and choosing 'Today's Prices'. I want to track the 'Top Gainers' every few minutes.
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Registered User Joined: 10/7/2004 Posts: 166
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QUOTE (rodneyd) motmouth, Been trading for only 6 months, studied under a good teacher for 1-1/2 year and continue to get update info from them.Been using TC2005 about 8 mos. Your last 2 questions: 1)I'd like to make AT LEAST $2500. month 2)No, i'd rather not lose, but a slight loss comes with trading. Rod Rod; Good, you have a target of $2.5K/month. Now focus on learning a good methodology eg. Go Long or Short doesn't matter. Long works for me and most people I know (usually inexperienced). 1-1/2 years would not have been long enough for me. I still learn the basics every day. Take your time and trade after finding the chart with solid reasons to act. Remember "all" the indicators do not have to line up but if 3 of 4 do, you have a fighting chance. If only one does, don't try to "will" the others to join it. There is a lot of money to be made after a stock shows its hand. You do not have to be the first in and last out. Your target is reasonable I think, assuming you have the capital. To me there is no magic number on capital. 1 or 2 $5K trades a day could return the $150/day profit you are looking for. Just remember to take what the market gives you. Limit your losses (ie. set stops after you trade). Manage your money. I skim 15% off my profits daily (when it happens) and put it aside to invest, usually every couple of weeks, in more stable/less risky things like bond funds (they pay about 1%/month). It builds my long-term portfolio and diversifies it at the same time. Also, it keeps me "hungry" by limiting how much I have to trade. In the early days, I tended to trade at times simply because I thought the capital was sitting there doing nothing. I learned that doing nothing is a whole lot better than losing half of it in bad overnight trades with no valid chart indicator confirmations. Lastly, losses are losses. I didn't invent this but I try to remember it: "..the first loss is the best loss.." It means that if you see your trade going 5-7% in the wrong direction get out. More often than not it will keep going in that direction. If you were judicious in your entry, then you should make money by limiting your losses. Hope this helps, Happy Charting
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Registered User Joined: 5/17/2005 Posts: 221
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rodney. My comments on day trading .. learn how to trade the FOREX . 200:1 margin ...crazy stuff.You can make 100% in now time at all I have been checking out forex trading. The beauty of it is ..the markets are opne form Sunday to friday afternoon ...24 hours per day !
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Registered User Joined: 5/24/2005 Posts: 16
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motmouth, I appreciate your input! You are correct in saying "Take what the market gives you". Today I learned another expensive lesson... I did not exit out of 2 stocks when I suspected they would not go much further (if any further at all) and they plummeted! So I now realize that I need to take the gain and when the charts tell me I should get out, or I see "Live" streaming data on that stock slow or reverse much, that I should SELL. and incase it went back up to just buy back into it again.
Thank you for your time and I agree.
Malcomb14, I will certainly look at the Forex, thanks.
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Registered User Joined: 5/24/2005 Posts: 16
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Craig S. Well the suggestions you gave me are ok and also the "REPORTS" then "Todays Prices" also works, it is 20 min. delayed, so that does not give me what I need the moment it starts moving. The delay could be costly, but somewhat beneficial. Do have any other suggestions?
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Registered User Joined: 5/24/2005 Posts: 16
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Craig S.
What I meant to say in previous post is that TC2005 could benefit somewhat even with the 20 minute delay, but I would certainly prefer the Daily Movers as it happens or with much shorter delays.
Thanks, Rod
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