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Strategies & Market Trends : My Day Trading Strategy
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From: zigzagman12/13/2008 10:03:51 PM
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Here are a few examples of how my strategy works:

Back in 2005-2006 Akamai Technologies Inc. (AKAM) used to be my favorite stock to Day Trade. In one session, it would move at least a dollar and sometimes two dollars up and down. There were times it would drop four dollars in one day, and bounce up two during the next. This kind of super volatile movement is a Day Trader's dream! I've saved the charts below all this time, because I actually traded AKAM on these two days and made a TON of money! It was on these two days two years ago that my strategy finally came together for me, and I haven't changed it since then...

This first chart shows how I setup my charts for Day Trading these days. If you look at the screenshot in the previous post on this thread, you'll see there are many more Technical Indicators on those charts. That's what my charts looked like two years ago, before these two days on AKAM made me realize I had way too many TI's on my charts. I had finally figured out which TI's worked best for me, and I took the rest of them off my charts. Now the only TI's I need to Day Trade successfully are all right here:


This chart shows when to Buy and when to Sell. But there's really more to it...When you see a chart that looks like this one with the CCI and STO showing very sharp V-Bottoms and V-Tops, you not only Buy at the bottom and Sell at the top. As soon as you Sell at the top, you immediately go Short to the bottom. Then you Cover at the bottom, and go Long again to the top...Rinse and Repeat...lol


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