My Day Trading Strategy

[zigzagman]

Here are the two Day Trades I did in less than one hour last Friday.
I always trade 1000 shares on every trade. The chart below shows my strategy of why I bought, and why I sold.

After paying $28. in commissions for two ins and two outs, I cleared $370.
This sure beats having to go to work at a "real" job...

[WalterPech]

since new year i dont have a signal from my system. has somebody else also this problem?









Blog: Broker: Online-Broker-Vergleich
Forex: Forex-Trading-Signale, Forex-Signale

[goldbug]

how much commission do you guys pay? do you use pay per share?

[zigzagman]

Here are two of my Day Trades on TSO today:

He HAS TO BE my all time favorite stock to Day Trade these days...

On the first one I made $150.00 in an hour and fourteen minutes,
On the second one I made $130.00 in FIFTEEN MINUTES...

[zigzagman]

Technical Analysis in Action:

Today, I created my very first video chart that shows an actual Day Trade I did. The charts are moving in real-time, and so are the Level 2 and Time and Sales windows. It's 32 minutes long, and you can hear me call out every move TSO did before it even happened.

I explain in detail how all of my Technical Indicators work, and explain a little about how Level 2 and Time & Sales screens can indicate which way a stock will move next.

This is how all of my future lessons will be presented to my students that have signed up for my course on Day Trading. I used to sit in voice-chat sessions on Skype with students and call out things as they happened, but there was no permanent record of that lesson.

With this new way to present my lessons, my students will have many of these video charts to refer back to over and over again.

To view the video chart of today's trade, go to:
http://www.stock-market-lessons.com/videocharts.html

Happy Trading!,
zigzagman

[zigzagman]

Here's my last trade for 2008. I cleared over $500. today on this trade and the one in the post above. Not bad for three and a half hours of work.

I usually try to make a few hundred dollars before lunchtime so I can do other things the rest of the day. Now, my wife wants to go shopping...lol

If you'd like to learn how to do this too, check out my website. There's a link to it in my profile.

[zigzagman]

Here is my first Day Trade for today:

[zigzagman]

The Buy and the Sell Signals on the five-minute chart are very clear...
I always like to Buy when the PPS is below the lower BBand on the five-minute chart, and when the CCI crosses up through it's lower horizontal line, and STO is very Oversold and it's fast line crosses up through it's slow line and breaks above it's previous level of resistance.

The Hold at 3:40pm on the one-minute chart is because the PPS had support at the middle Bollinger Band,
at the zero line of the CCI, and at the 50 line of Stochastics. Plus, that's when Volume really started picking up...

The Sell Signal came when the PPS broke too far above the upper Bollinger Band on the five-minute chart,
and the CCI crossed down thru the +100 line on the one-minute chart.
Plus, Day Traders always sell a position before the closing bell, and never hold a position overnight...

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[zigzagman]

Day Trading 1000 shares of SSO four times on the FOMC Announcement:

I banked some pretty good coin playing today's volatility...

[zigzagman]

This is called the "March of the Bulls", and also known as "Stair Stepping UP". This is a very bullish chart pattern, where it moves up a lot, pulls back a bit, and then moves up again over and over. The pattern somewhat resembles a stair case. You don't see this pattern very often, but when you recognize it happening it's usually a good idea to stay in the trade to see how far it will go.

It's a healthy way to make a Bull move that isn't too steep, and has periodic pullbacks which is good because no chart can go straight up without falling just as hard. See the example of the "Blast off, then Crash" pattern at the bottom of this post.

Being the unrepentant Scalper that I am, I probably would have bought and sold TSO three times today on this run and made less than if I had stayed in for five hours. For those of you looking for a way to stay in Day Trades for an hour or longer, this lesson is a good one for you...

SSO's five minute chart looks very similar to the one below, but the Indicators are a bit more erratic so I used a TSO chart to give a better picture of what I'm trying to explain here. SSO moved up three dollars in five hours, so either one would have been a great play for today.

The most important thing to watch is the CCI in this case. As long as the CCI keeps bouncing up off the zero line, you can stay in the trade. The second most important thing is Stochastics bouncing up off the 50 line. The second time Stochastics broke down towards the 50 line it broke below it just a bit which is kind of scary. But the CCI was in great shape at that time, so there was nothing to worry about. 1000 shares bought at $7.30 five hours later sold at $8.20 for a gain of ninety cents, or $900.00!



Here's a better look at the 5MA (white) and 15MA (red) without all of the other Technical Indicators. I've changed their colors from my normal ones so that you can see them better. Can you see that the PPS never closed below the 15MA, and the 5MA never crossed down through the 15MA? Since neither happened there was no reason to Sell until just before the closing bell, because it was Friday and Day Traders never hold over the weekend or overnight.



An example of the "Blast off, and Crash" pattern. It's very unhealthy not to have numerous pullbacks during a strong rally, because when it starts falling there are no levels of support to help hold it up. It goes up vertically eighty cents without one red candlestick, and falls just as hard and fast as it went up: