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Strategies & Market Trends : My Day Trading Strategy

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From: zigzagman	12/9/2008 12:04:32 AM
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Welcome! to My Day Trading Strategy~ Due to the extreme volatility of the market these days, the only way to play it safe and make money is no longer to "Buy and Hold". The stocks my dad bought ten years ago are back to where they started. I gave up Swing Trading because the Futures can be up or down hundreds of points before the opening bell, and the stocks I play all trade in the pre-market session. I used to hold overnight until I got tired of waking up and seeing a stock I owned down hundreds if not thousands of dollars overnight. These days my favorite plays are the 2X ETF's like SSO and SDS. They are benchmarked to the S&P500 and move nearly tick-for-tick with it's charts. A 2X ETF moves two ticks for every one tick the S&P500 chart moves, so it's an easier way to make more money faster. My other favorite stock is Tesero Petroleum-TSO because it's price is fairly inexpensive at just under $10. per share, it has great average daily volume, and it can move over 10% either up or down on a regular basis during a trading session. For the time being, most of the charts I'll be posting here will be of TSO or SSO. That is, until I find a new favorite to play. If you have a good Day Trading strategy, don't hesitate to share it here. This board is all about learning how to Day Trade better. What are your favorite stocks to Day Trade? Happy Trading, zz

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