Day Trading Digest

How long can it take to become a good emini day trader? There is a right answer and a wrong one. Beware of the latter. Don’t be afraid to embrace the former.

How many charts are you using for trading? Too many or too few? Is there a right number of charts?

I have always preferred technical to fundamental analysis in my decisions for trading financial markets. I see a lot of manipulation in markets today, and therefore I do not trust my fundamental knowledge to give me accurate signals where to enter and exit the market and how to interpret this or that piece of macroeconomic news. Various technical analysis tools help me to define levels for entries and exits and make it easier to make choices when I have to do it very fast.

Day trader is the most common term that one gets to hear when it comes to stock trading and speculation. The day trader starts his day by assessing the stocks that he wants to pick and trade on that particular day. His decision making capabilities play a very crucial role in determining if the trading day is going to be profitable or not.

The world trade market has become one of the major money making avenues for those who have the time and patience to review, study and understand the stock options available. The process of being able to hold stock options at the optimal price and sell them at the right price by identifying the trends that the stock might be heading towards is called Short Term Trading. This is the type of trading that involves a lot of risk that the investor must be able to absorb and deal with.