Day Trading

http://www.saveyournestegg.com/scam.html

You say you are doing OK – are you comparing your returns to their proper benchmark?

I recommend Vanguard for several reasons. They are client-owned so they do not have conflicts of interest with clients. They stayed out of the scandals. Their costs are very low. They are set up so that active trading is not allowed (so you don't pay the costs for active traders). They have excellent funds. Their philosophy is 'buy and hold'. They have a wide selection of mutual funds and ETFs. Their index funds are very well-managed (often the expense ratio is partially offset). They have excellent customer service.

As for WHY your would want to this, contrary to the last answerer'a assertion that brokers don't find bonds sexy and hence don't bother learning about them, throughout their 135-year history, Edward Jones made their business on selling quality bonds to individual investors. I've found some of the most knowledgable people I know regarding bonds to work for Edward Jones. In addition, they do so much bond business that they get optimal pricing and that is in turn passed on to you. When calling around for price quotes, at the very make sure you include them, you won't be sorry.

I should point out that unless you need the money, now is probably not a good time to be selling your bond. Although long-term interest rates (i.e., that of most bonds, which are driven by economic factors) have little to do with short-term rates (which are directly driven by the Fed), we are nevertheless in a rising interest rate environment and your bond undoubetdly is worth less than it wa a year ago. Of course, you could be banking on that and need a tax loss for some reason, but barring that, if you're getting good interest, hold onto it until rates go down again to get a more advantageous price.

Of course, when buying bonds specifaclly for the interest income, you should learn not to even care what the price is. It's hard psychologically, and it takes some getting used to, but it's worth it. After all, if you're buying a cow for the milk, then what the hell do you care about the price of beef?

Hope this help!
–J.

http://www.collective2.com

People can subscribe to your system there and you have a number of ways you can charge. One advantage of using them is that you have an independent auditor of your results. Another is that they do all of the billing for you.

Unfortunately, not free.

But even if you decide not to use them, you can still get some idea of what other people are charging for their methods — while seeing what kinds of results they are generating for those charges.

P.S. I hope by "developing a trading strategy for the last 6 months", you don't mean you've been tweaking historical data to generate those results. There have been a few systems on Collective2 that looked great in their presentation of backtest results, but failed miserably going forward.

Here are some suggestions (to start);
Read;
Mastering The Trade, John Carter
Trading In The Zone, Mark Douglas
Trade Your Way To Financial Freedom, Tharp
High Probability Trading, Link
There are plenty more books to read. The typical trader reads a book every month or two (I average every 6 weeks)… I re-read them also.

Every night I watch videos on the market;

http://www.alphatrends.net/

http://www.tradingwithtk.com/

Weekend (Sunday) video;

https://www.shadowtrader.net/videoArchive.html

My broker has weekly “chats” that may be of interest;

https://www.thinkorswim.com/tos/displayPage.tos?webpage=onlineSeminar

In one word there’s only one way to be successful: Disipline

Here’s another web page that may be of interest;

http://www.mytrade.com/

Training for a fee;

http://www.investools.com/

Good luck….. it’s been a rough year! I’ve been a position trader for 30+ years. A swing trader for the past 1.5 years. I’m just getting into day trading (also)……………………….

In November there’s a TradersExpo in Vegas… if you can, it’s well worth the effort.

First, you're using Vantage Point to day trade, but they will tell you that Vantage Point is for position trading. Yes, they're predicted high/low is very accurate (granted, major moves can be outside the range, but how often do you have a huge 1 day move?), but it only tells you the possible high/low, now what the trading pattern for the day will be.

One thing I could suggest is this: Use the Short Term/Medium Term Predictive averages (the pink and light blue lines, I have mine set on the bottom part of the chart) to get an idea of when prices could be changing direction. Also, when you switch from the 10 day or 5 day average to the predicted high/low, you'll notice that the short/medium predictive lines will be different that from the 10/5 day chart. What I do is when the short predictive (light blue) line crosses the medium (pink) line on both the 5/10 day and predicted high/low chart, is when I get an indication markets will turn (and it's very accurate).

When that happens, since you day trade, use your technicals on whatever time frame chart you're using to take trade only in the direction of the crossover. For example, say you're watching the S&P 500, the market is trending up and you notice that on the 5 or 10 day chart that the short term predictive has crossed below the medium term, and when you switch to the predicted high/low chart that the short has not crossed below the medium predictive, but is about to, wait till the short crosses below the medium predictive on the predicted high/low chart (that is short has crossed below medium on both 5/10 and predicted high/low chart). When that happens, use your technicals to time short entries, don't go long. In other words, say you're using a 5 minute chart. If the market is trending up, and you're technicals give you a signal for a short, then take the short trade.

When the signals show the 5 minute chart starting to turn back up again, close your short, but do not go long, only enter again when you get a sell signal.

Trade in the direction of the larger trend. You should get less whipsaws and will be trading in the direction of the larger trend. When the short crosses above the medium predictive on both the 5/10 and predicted high/low chart, the only take long trades.

Hope that helps.

You would be shocked how much they pay for analysts out of college (6 figures usually!) for NYC offices. There are so many funds these days that the demand is extremely high. That being said, the recent choppiness in the credit markets may have led to a pullback in hedge fund analyst demand.

In order to find these guys, you are just going ot have to do some legwork. Try a company on the web called Glocap.