Here are some brief comments by the SEC on day trading:
http://www.sec.gov/investor/pubs/daytips.htm
They also have a much longer study on day trading at
http://www.sec.gov/news/studies/daytrading.htm
Analysts may have downgraded the sector that the business is in, such as "housing", so the stock gets burned just for being a member of the sector.
Sometimes it can be based upon either good news or bad news about the company that is reported in the media. It could be a patent that was granted or a lawsuit for sexual harassment filed by an employee. One or more of the brokerages may have changed their recommendation from a "hold" to a "buy" or to a "strong buy".
Watch Jim Cramer on "Mad Money" on CNBC on weeknights.
Because companies are releasing news almost 24 hours/day these days, their stock price reacts to these news releases whenever they become available. Also, the world does not go to sleep at 4 p.m. eastern time and stocks in general are reacting to all kinds of news being released on a 24 hour basis.
Individuals can participate in these after-hours market activity by having their trading accounts with brokerage companies which offer their customer access to their accounts via Direct Market Access systems. These systems are considered to be electronic trading systems and can be run on your computer at home utilizing high speed internet access like DSL, Cable or fibre-optics.
If you would like to get more information on Direct Market Access systems or open an electronic trading account I would suggest you speak to the guys I use. They can be contacted at:
http://rematatrading.com/contactus.aspx
They have been very professional and helpful to me.
Good luck.
2: the highest price for the previous day
3: the close price of the previous day
4: the number of shares of stock traded that previous day
5: the net change of stock price from the previous day
which one is it
It's unfortunate, but the newspaper stock tables are going away and moving to the Internet.
What kind of stocks are the ones they are selling right after they get them etc….and rushing around more ?
The other long term strategy is to buy good companies that keep making money every year and wait many years as their shares grow with the earnings. This is the usual way normal people invest their money for the long term. In the short term trying to catch moves is exceedingly difficult for non-professionals.
http://crnindia.com
I am a day trader and often try to derive profit from the disparity in currency rates at various points of time. People who try to make some huge profit can incurr loss using this techniques but if we try to capture small pips then its a winning strategy.
One of the fund Manager of FINEXO suggested me to try this once when i was looking up for high returns. Surprisingly i made huge pips in just 1 hour and thats how i became a Day trader.
Anyways the basic requirements for successful Day trading are:
1. Excellent Command on Technical charts.
2. Look beyond what common man does.
3. Foresightedness
4. Be Different.
5. Good Source of market news and technical charts
6. Ability to draw conclusions from market updates.
If you have these you can very easily succeed here. I am using Finexo charts and updates which are quite accurate and reliable for me. If you have other sources it would be an added advantage.
Any help at all would be great.
Yahoo Finance News (search "profit warning", "missed earnings", etc.)
Motley Fool News – summaries of the days activities
Remember they were downgraded by a competitor.
Times are tough in the financial industry and we will all be challenged by someone elses stupidity , a shame but a fact.
I have an account with E-Trade and I have no plans to transfer it.
Good Luck Gerry
