Hi lin luo,
<<1) For daytrading, usually you need to put two orders (one buy/sell, one stop) at the same time. You should get no emotions. If you are wrong you wrong. >>
I have not touched any w/ Dell, but I might long small shares of Dell when it starts to go up. I plan to daytrade amzn next week where my loss in shorting hopefully bearable (if amzn hit 115-117, and I shorted only 200 at 102). My plan cover at real low and long when it hit dip and starts to move up, if I gain 1+ points or near peaks and start to come down I sell/short sell and ride down. If you look at the intraday there is 2 major trend: the first is down, second is up. You mean a stop loss right after the first goes thru? Well, I will have a mental stop since I sit in front of the instant quote and chart for 'iq' which is 15 min. delay or some. Of course I am eager to learn from your experience. Just want to daytrade temporarily to cover some loss then long term, for amzn before close I hope to reestablish 200 short at the peak before close. I will try to be nimble in amzn, ready to go long even though I 'hate' the stock (understandable) and long term is down at least to 100. I'll try not to be greedy 100 here 150 there is good enough and have many trips as possible.
<<3) Don't play options too often. To make huge amount, you need to be consistently correct, which the odds is against you.>>
I understand and always lost for 4 times options and VERY PAINFUL. For option if play I have to watch every 5 min. and if something against and looks like a permanent trend get out even 10-20% loss. Too painful to describe here.
Again thanks for your care and if you have any tips about stocks to daytrade or books to read I am appreciated. My acc. is just mid 10 grands. I have a bigger IRA but stuck w/ dead meat like: sigm (too much, big paper loss), mdco, trid, oakt.
have a nice weekend |
