| The Challenges of Trading in Today's Markets |
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| Written by Ric Conzet | |||||||
| Thursday, 20 November 2008 08:59 | |||||||
 Dear readers we have not been offering very many stock trading ideas for you this last month because right now to trade the markets you must be a very savvy day trader. Please realize that the only way to trade this market is to look for intra day stock “scalping” opportunities. Take a position early in the day and be willing to trade out of it for a small profit. Remember, you can not hold “Scalped” stocks over night. The markets are opening each day in a completely different position than they closed the day before. That said, the market has enough daily volatility that scalping stock trades can be quite profitable. BUT, it’s truly not for everyone. Only the most aggressive traders that know what they're doing and spend every waking minute in the market, can realize these profits. If you have the discipline to keep your position sizes small and you can keep an eye on the market during the day this might be for you.In tomorrows edition we will give those of you interested in this style of trading a few stocks that can make “Scalping” worth your time in the coming weeks.
3.25 Copyright (C) 2007 Alain Georgette / Copyright (C) 2006 Frantisek Hliva. All rights reserved." |
Market Notes
January 6, 2009 Stocks fell on Monday as investors booked profits after last week's run-up, while concerns about slowing cell phone sales hit shares of the biggest telecommunications companies. Financial stocks also slumped after Deutsche Bank cut its earnings forecast on 16 large commercial banks, including JPMorgan Chase & Co another Dow component. JPMorgan fell nearly 7 percent. The Dow Jones industrial average .DJI fell 81.80 points, or 0.91 percent, to 8,952.89. The Standard & Poor's 500 Index .SPX shed 4.35 points, or 0.47 percent, to 927.45. The Nasdaq Composite Index . slid 4.18 points, or 0.26 percent, to 1,628.03. We spent the day polling stock analysts; they all think we are in for a minor Obama rally but our technical charts don’t show it. It’s a mixed bag folks. Think about it this way Tech company Logitech is laying off people, while the FBI initiates its largest hiring spree in its history. We're living in interesting times. Be careful, very careful. |
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