Don’t do any short-term trading. Stay with what you know.
I don’t trade futures and I don’t know any successful futures traders. I’ve heard rumors but I’ve never met one.
The main idea behind trading leading stocks is that, in every market uptrend, there are stocks that lead or outperform the market. Those are the stocks that momentum traders want to trade. The most obvious recent examples would be AAPL (Apple) or NFLX (Netflix) or PNRA (Panera) or MELI (Mercado something…)…in other words if the market rises 12% in a given time period, a true leader may rise 3-5x that in a year if not more.
In those situations I want to buy new highs or buy as the stock is breaking through a key resistance point (basically resistance is a higher price where there are sellers). When I buy I want the volume being traded on that particular day to be well above average. Strong volume is indicative of real buyers behind the move…real buyers means hedgies and fund managers with 100s of millions to invest in the big picture…As a momentum guy, I only want to ride their coattails on the way up.
I don’t really get involved in technical analysis…just support and resistance, price action, and volume…and some chart pattern stuff and that’s about it.
I’ll slot some coin on some games but to make big bank you gotta put big bank on short odds and I’m risk averse so it don’t work out for me.
^^^Best way around that (for me anyway) is by doing (chalk) parlays. Like this morning, I parlayed Polonia Warszawa (Poland), Derry City and Real Madrid. Layed down $300 and won $616. I KNEW they were going to win so the risk doesn’t really bother me.
Most “experts” call parlays “sucker bets” but I don’t listen to them. I’ve been doin alright usin my own strategies and shit
Man, i hate that every time this Hanes commercial comes on with the women only in their drawls working out, my girl is sittin on the couch lookin DEAD at me waiting for me to show some type of appeal…. Smh..