Stock trading can be a very profitable activity. You can make big amounts of cash in a short period of time. The problem is, that if you don't know what stocks to look for and how to approach them and leave everyting to chance, you could end up wasting money a lot of cash instead of making your profits grow.
That's why the most important aspect of stock trading is the knowledge FILTER you employ to make your buy and sell decisions. There are many "fantastic" stock systems and trading strategies outhere, but you need to test them in order to discover which ones help you the most. That's part of your homework as a stock trader. Test, test and test again.
Complicated online trading strategies that rely on a "boat load" of technical analysis indicators can make you slow, and being slow when trading hot momentum stocks can be as dangerous as not knowing what to do in the first place.
The worst thing that can happen to a beginner momentum trader is to get information overload. It's better to go step by step, and test a simple stock trading strategy that can show you how to focus on concrete ways to make money and pick better hot stock trading opportunities once at a time.
Fortunatly there are great sites on the web today that can show you how to trade in a sharp and effective way. One of those sites is Smart Day Trading http://www.SmartDayTrading.com .They focus on stocks with positive momentum and provide a practical methodology that is easy to employ.
In the end, stock trading is all about buying and selling stocks according to your knowledge FILTER. Once you master and follow your proven filter parameters like a clock, you can expect to start making serious amounts of cash on a consistent basis.
Find out how to do it with ease and simplicity at Smart Day Trading.
http://www.smartdaytrading.com
James Levington helps day traders around the world take advantage of momentum stocks every morning at http://www.smartdaytrading.com
What can I expect to make my first year of... Read More
Is really not as important as to how you invest... Read More
Both the stock market and oil prices rallied recently, which... Read More
Should the market turn against you, it is important that... Read More
The debate rages all over Eastern and Central Europe, in... Read More
There are formulas for just about everything, but it has... Read More
Exchange Traded Funds (ETFs) are growing. Investors are choosing low... Read More
In his wonderful book, 'Multiple Streams of Income', best selling... Read More
∙ Make every investment in the stock market a long-term... Read More
When it comes to mutual funds, there is a lot... Read More
When is a dividend not a dividend?The latest thing "conservative"... Read More
If you have not back tested your trading system, you... Read More
What does it mean to short a stock?This means that... Read More
I mean it when I say that. While plastic silverware... Read More
Why? Because I am going to shatter your conventional wisdom... Read More
There are many important things you need to know to... Read More
Yesterday I received my monthly issue of MONEY magazine. This... Read More
Let me start by saying that...Most online brokers do not... Read More
There has been great condemnation recently because China has been... Read More
When it comes to 401k's there is an overabundance of... Read More
I have a 2-car garage. There are nice shelves on... Read More
It depends on your level of understanding of the market... Read More
Are you one of those many people who dread reading... Read More
Minority Report the movie may not be far off if... Read More
It seems that every day I turn on the TV... Read More
When the stock market is going up and all your... Read More
I know there are a lot of you out there... Read More
Using Swing Trading Strategies and Technical Analysis when Trading Stocks... Read More
Inverted interest rates? What's that? Who cares? Even if you... Read More
For the last few weeks we have seen the stock... Read More
Has your broker been calling you recently with the "great... Read More
Hedge current portfolio positions and gain access to capital resources... Read More
Everybody is riding the Wall Street Roller coaster. Even if... Read More
As I have said many times before in this column... Read More
On Friday or Saturday evening my wife gets a movie... Read More
Ever wondered what is a mutual fund? A mutual fund... Read More
Where is the beef? Or maybe it should be where... Read More
People are constantly asking me why is the stock market... Read More
After finding the price of a particular stock, usually the... Read More
It seems that every day I turn on the TV... Read More
It is wonderful to be alive in the information age.... Read More
As an investor you will want to check out any... Read More
It has been said that low cost or even free... Read More
In his wonderful book, 'Multiple Streams of Income', best selling... Read More
Most stock traders know that momentum trading can be a... Read More
Today we are inundated with tons of information about the... Read More
One of the great truisms of Wall Street is "Don't... Read More
The bulls and bears of the stock market are both... Read More
The bear market that showed up at the end of... Read More
Sidney felt sick as she looked at her latest OptionsXpress... Read More
Every year I go to the Money Show in Orlando,... Read More
During our travel down life's path we come to many... Read More
Ever jumped out of an airplane? It's OK if you... Read More
Recently I watched my favorite football team lose a vital... Read More
Minority Report the movie may not be far off if... Read More
I have a 2-car garage. There are nice shelves on... Read More
Exchange Traded Funds (ETFs) are a group of passive index... Read More
Everybody is riding the Wall Street Roller coaster. Even if... Read More
Spread trading is a technique that can be used to... Read More
If you don't know what a Roth IRA is then... Read More
When most analysts, financial planners, fund specialists and investors try... Read More
Ever notice how behavior in one area of life can... Read More
You remember the story about the frog that was put... Read More
Right now there doesn't seem to be any "gold fever".... Read More
What the heck am I talking about?It is often said... Read More
There is a current movie entitled "Eternal Sunshine of the... Read More
Stocks & Mutual Fund |