Well we can come close. Stock brokers have built empires out of day trading by clients. Misconceptions rule the business of short-term stock trades. It is not necessarily akin to gambling. Neither must it involve peering endlessly at charts on computer screens. Classic technical analysis means less to day trading in this age. Present stock market conditions are far too different from the past. Stochastic modeling is the best way to deal with random stock price movements. However, you have to be a math wizard to figure out Markov Chains. Do not let that latter term scare you away for there are easier ways to win at stock trades.
‘Stick to knitting’ is a great stock trading success Mantra. It is illegal to use confidential information for personal stock investment. However, domain expertise about your competitors, suppliers, and customers could be in the public space. Stock trades and options based on key public events in companies that you know very well, are profitable and legal at the same time. Consider commissioning our custom and premium services to watch stocks for you in real time. You could also form an investment club of domain experts towards this end.
A world stock market watch is another great stock trading ploy. Every stock market, from Tokyo to Mumbai, gains on the morning after a US Fed interest rate drop (keep time zones in mind). The reverse is almost inevitable the day following a Bernanke suggestion that the US economy is in trouble. Though day trading is a norm, there is no rule that you have to buy and sell within a single stock market session. Responses to international developments are often exaggerated. Markets usually settle down after a day of dramatic swings.
Are you a day trader? Do you envy folk who sit at home and make millions in their sleepwear? Join our community and share your trading experiences and hopes. Start today!
