There are only three ways to trade stocks:
- Buy stocks and hold them.
If you hold stocks longer than the period they are going up or hold them overnight you are putting your stocks at risk to such external factors as President Clinton's impeachment, Brazil's economic troubles, creation of the Euro, or Japan and China's economic troubles.
It is true that stocks eventually rebounce but when?
In the meantime you have lost your ability to trade and you'll probably have some sleepless nights.
I lost 40% of my long-term investments that way and they still haven't recovered.
Not my favorite method.
- Using Level II Nasdaq or Level III buy and sell methods when you're a 1/4 or a 1/2 Point ahead.
Good method if you have a lot of technical experience as a trader (I'm talking about years), have at least $100,000 in your account, know the difference between SOES and all other ECN's and have an iron stomach.
About 80% of people trading this way fail within six months.
I'm not smart enough.
Not my favorite method.
- Capitalize on capturing 3 or 4 points at a time based on a specific stock movement.
My favorite method.
I'm sure you've heard about certain stocks going up 20, 30, 40 or even 50% in one day.
Wouldn't it be nice to get a piece of that 20, 30, 40 or 50% THAT DAY?
That's what I do.
When you get my home-study Daytrading Course I'll show you how I do it, too!
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