Strategy

Trading strategy for making money on the NYSE market

Always know your goal exactly

I like to read books very much, but most of what I read is not fiction, and business and psychology. There it is always written everywhere, what you exactly should mean your goal and it should be real, as soon as you put it you go to her on a subconscious level. This applies not only to trading., but also to life goals. You will never achieve them in a couple of days and easily, most likely you will need to spend a lot of time and effort to achieve. When I first came to the firm, on my first trading day, I wrote a plan for the year. How much do I want to earn in a year, month, week and day. Of course they were very optimistic and in general it was too early to think that they would come true soon. Like everyone else, I had to work very hard, bump into new mistakes and your own cockroaches every day.

Few conclusions

The most important thing in improving your trading is the constant analysis of your mistakes., crossing out what prevents you from earning and leaving what makes a profit. Cut down on losses and let profits flow. Everything ingenious is simple, but the realization of this for everyone happens in different ways and not everyone can reach this. 90% days on which I start trading in the first hour end with a minus, even if the day started with a good profit. Therefore, I should not trade before 10:30, the most profitable trades were opened about 10:40-11:00 and continued from 30 minutes to time. The most profitable days of the week are Tuesday, environment, Thursday On Wednesday a lot of news and open trades before 11 hours are not recommended A new aggressive method yields positive results, But don't overdo it. The fourth and fifth addition to a position leads to a deterioration in price and a large position. It turns out a bad stop on a large position. There should be no more than one week, two days are negative and the minus for them should be in 2 times less than the average plus day.

My thoughts, ideas and notes in the first year of trading on the NYSE

Maybe someone will be interested in reading my thoughts, ideas and notes when I first started trading on the NYSE. I wrote down notes and rules for myself and re-read them before. Read the rules every day EVERY DAY, WEEK, MONTH NET-ohm in positive territory close, Analyze yesterday's trades always Trade with 10 10 To search for and enter the current in the best options, it is imperative to use a protective stop to cut losses and give profits to grow. Increase position in the course of movement on pullbacks Trade with the trend

Marking trading platforms in the feed (symbols)

In the trading platform, in the ribbon of prints, you can see the symbol designation on which trading platform the transaction took place, below you will find the decoding of these symbols

Trading strategy 80-20

80—20’s is a strategy, used by us for day trading. Many of our readers, maybe, already familiar with the book "Taylor's Trading Technique" (The Taylor Trading Technique), a reference guide for swing trading. In a nutshell, Taylor's method implies, that markets move at a natural pace, folding day of purchase, sell day and short sell day. This model is also confirmed […]

Trading strategy “zero” for scalpers

I would like to tell you about a trading strategy for scallers with zero commission, which is used only by a narrow number of market participants, those who have no brokerage commission at all. I must say right away that zero commissions are available only to NYSE members, i.e.. brokers, etc.. It's not a secret for anyone that besides a specialist in the market (NYSE, NYB) there is still a lot of ECN (NASDAQ, ARCA, WHEREAS, BATS and others), that's just with the help of them you can earn. It's only about that way, which I used and we will talk about BATS. Theory of trading strategy Let's start with the theory of what trading at zero looks like in general.

Risk Management Table for Newcomers to Day Trading on the US Stock Exchange (NYSE,NASDAQ,AMEX)

I wrote a table of the level of the day trader on the NYSE. This is how you need to gain experience for trading on the NYSE for beginners and experienced traders.. It's my personal opinion. *Standard stock position for trading ** Daily loss limit on the day after which trading stops *** Total profit for the week, to go to the next level **** Total minus amount for the week, to go to the previous level For beginners, the transition is carried out after two or three weeks, for more experienced traders a week is enough.

Time for tough measures (part 2)

My trading keeps getting worse and worse, because discipline is gone. I start trading from the very opening and feelings prevail over me. I can't stick to my rules and I'm losing money. Not trading, and some CASINO. From tomorrow I don't open the terminal until 10:20 and I introduce rules similar to the previous ones , but slightly changed. I have a choice now, continue to drain money and spit on everything or return to disciplined trading and stay in this business.

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