Posted by shortinvestor77 > Jun 14, 2018 01:55 PM | Report Abuse
Can Ayoyo also share your experience and knowledge as a full time trader through an article? TQ.
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I am a full time trader and write only for the fun and when I'm in the mood...
Here's the short of it...
The tools MetaStock Bursa station professional Minimum brokerage with cash account (0.1% or some even get lower)
The pain Download EOD data from bursa station every evening Run MetaStock Sift thru stock charts on breakout or on the verge of it with some self tweaked filters on MetaStock.. Run thru tick charts on Bursa station professional to determine 'quality' of the smart money breakout moves Set traps or price alerts on bursa station professional on the stocks on watch From 9 to 5 during market hours, sit and watch the screen like an idiot
The gain 70% of my trades are within contra period of which, 90% will give at least 2 bid gain 60% 5 bid gains 30% 8 to 10 bids 15% home run momentum trades of above 15 bids
Stop loss is dynamic and depends on my assessment of why it went wrong.. Example, I don't hold a rigid price stop... When you want to trade with the smart money, you must learn to trade LIKE the smart money... Was the stock down because of its inherent weakness or was it in sympathy with the poor market conditions at that moment?
Always remember, trading is an art, not science... You cannot affix rigid rules to human emotions
I rarely hold stocks for long term.. Long term to me is defined as more than T+3 LOL... More than 70% of my trades are closed within T+3 and usually no longer than within 2weeks ..so,im usually in cash
Even in these market conditions, I'm still up 40+% up to this year, and have 70% in cash up to now ...of course, the converse is also true, I will rarely, read probably never, get the multi baggers because I trade in out of momentum and never fall in love with any stock
Recommendation Read up Reminiscences of a stock operator (the book that started everything for me... Fascinated how Jesse Livermore traded without computers.. Discovered tape reading, read price and volume exclusively, NOT a single indicator) Tape reading and market tactics Volume spread analysis - written by Tom something? Who used to work for stock operators and he has detailed how to interpret some common operator moves Lastly, your mindset... Tune the IMPOSSIBLE to I M POSSIBLE... I'm a ardent follower of Law of Attraction and what the mind can conceive, it can achieve, only if you ALLOW it...
No for commodities related stock for me. Already started bull run since early 2016. Where I bot Pmetal at 0.70, Annjoo at 0.65. Cyclical cycle already hitted the peak. Wait for next lowest cycle.
For example, lme aluminium avrg for 1st q is 2150, avrg for 2nd is 2280 to date. Apparently Pmetal earning and share price will be better coming q. Those half cook experts will recommend to buy. But they don't know market is always looking forward. Some time up to six months or more. Big players or insiders will spread the ticket within this time of period. At the end share price not tally with earning. It might also worse earning amid good fundamental, in this case higher lme price. They can make it also for what ever reason.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
apolloang
18,163 posts
Posted by apolloang > 2018-06-15 12:40 | Report Abuse
I buy 2 million later the directors dump for me 4 mil mah die? hehe