So You Like Daytrading (Or Not)

So you’d like to earn your living DayTrading? You have all heard
the stories of losing DayTraders running down the streets
shooting people?
During the heady com days prior to 2001, (when Bush became
president,) there were stocks, 3 or 4 times a week that went up
from 30 to 200% a day
It was possible, if you knew what you were doing, to check
before the market opened to see which stocks were running in
real time and why
And, if you then had a fast electronic brokerage system you
could dive into the market, buy a bunch and sell them the same
day
About 1% of people doing this consistently made money I saw one
private individual make a million in one day shorting a Word
Processing Stock And then there was somebody who lost a bunch
hanging on too long to an IPO
As a matter of fact the bottom line is that if you take
inflation into account you’d have been better off putting your
money in an old sock since 2001 So what to do?
Give up on the Stock Market let alone give up on DayTrading?
Don’t give up on the Stock Market, if you use the right system
you can still make 30% or more on your money annually
The bottom line is this; if you want to DayTrade there is only
one way to do this today And that is with MINDBLOWING News
MINDBLOWING News along the lines of: XYZ corporation finds cure
for cancer ABC Inc invents Eternal Life Pill DreamCar Corp
invents car that runs on water
You get the idea And then I am going to use another qualifier:
You should get this news BEFORE most other people get it
How to do this: For about $10 a month you can get a subscription
to real-time market news Get your Real Time Market News at
about 6 AM Eastern Standard Time
Say you find the real time news that a company has invented a
car that runs on water Check the time the news was first
released, making sure that news item was not available yesterday
Buy the stock now with money that you can afford to burn ALWAYS
USING A STOP LOSS Most electronic brokerage firms today allow
you to buy stocks on NASDAQ only as early as 6 AM EST
Sell the stock at 928 AM EST to all the traders that are waking
up You could conceivably double your money
So would you then trade again in this stock after the market
opens officially? No,you should not
Too many mindgames will be played by market makers during the
first day with the stock that produced the mindblowing news
Remember the statement above: “There have been very few days
since 2001 that any stocks actually went up more than 30% in one
day, the oomph has disappeared from both the Nasdaq and the Dow”
Never hold the mind blowing news stock overnight, because people
in most cases will dump it on the second day
One more tip: Never buy IPO’s on the first day The most touted
IPO(meaning almost all large brokerage houses were praising this
IPO to the sky) cost people the most in decreased value on the
second day after the IPO came out
Who were the winners? The brokerage houses So, if you have
money to burn, have a cast iron stomach and want to watch market
news from 6 AM to 928 AM EST, DayTrading may be for you

Tags | cure, electronic, eternal, inflation, market, news, running, standard, stock, water