Remember,
you must be logged into our Paltalk room with the downloadable software
www.paltalk.com
application to be able to hear today's seminar.
For directions on how to get the paltalk password and more, please click
here:
TODAY'S
PALTALK PASSWORD IS: daytradingu
Welcome to DTU's Live AudioCast Active Traders'
Seminar
Time: 2 hrs
Start: 12 Noon EST
End: 2pm EST
Learning Points:
1) Daytrading: we like to avoid single-position-at-a-time newbie trading.
Entering multiple near-simultaneous positions into breakout sectors helps
balance risk and capitalize on strong moves. It also helps avoid the "overtrading
a single stock that's stopping you out" habit.
2) Swingtrading: keeping a mini-portfolio of from 6 to 10 simultaneous
positions with smaller shares is preferred over one to several larger
positions. We use a "mini-port" approach, again with the help
of sector charts and 52-week high/low and gap stocks, along with 10-day
channel volume breakout plays.
3) Insights into technical triggers for staggering entries in multiple
positions, patterns to recognize.
4) Managing
risk using multiple positions, setting specific P&L exits and stops
for each position.
CHART EXAMPLES from Daytrading University Live Room Calls:
How Daytrading University members nailed (papertrading :) Wins in Thursday's
Rally - Multiple Positions:
Premarket Preparation: We were READY since nas premkt futures were
+17.5 and
QQQ's were out of the previous
days' range premkt (Daytrading University's "Volatile Open"
Setup)
http://www.DaytradingUniversity.com/ebaymar13.gif
(win)
http://www.DaytradingUniversity.com/bbbymar13.gif
(win)
http://www.DaytradingUniversity.com/cdwcmar13.gif
(win)
http://www.DaytradingUniversity.com/genzmar13.gif
(win)
http://www.DaytradingUniversity.com/pfgcmar13.gif
(win)
http://www.DaytradingUniversity.com/dishmar13b.gif
(win)
http://www.DaytradingUniversity.com/qcommarch13.gif
(stop)
http://www.DaytradingUniversity.com/aigmar13.gif
(win)
http://www.DaytradingUniversity.com/mximmar13.gif
(2 wins)
http://www.DaytradingUniversity.com/abcmar13.gif
(win)
http://www.DaytradingUniversity.com/dryrmar13.gif
(win)
Examples
of multiple position papertrading with cybertrader.com's cyberx simulator
(demo mode). Papertrading is good to practice your timing and learn how
to use the software. Be sure to account for slippage/realism when estimating
your skills for live trading. I like to penalize my "paper results"
by at least 50% to account for these factors:
http://www.DaytradingUniversity.com/papermar13.gif
http://www.DaytradingUniversity.com/paperfeb18a.gif
http://www.DaytradingUniversity.com/paperfeb18b.gif
http://www.DaytradingUniversity.com/paperfeb7.gif
http://www.DaytradingUniversity.com/paperjan30.gif
http://www.DaytradingUniversity.com/paperjan30b.gif
(note timeframes)
http://www.DaytradingUniversity.com/paperjan30c.gif
This shows
you Daytrading University's technique of trading
multiple positions in the same timeframe, eg within 20-minute timeframes
of volatile moves in the NASDAQ Composite, for strong sector breakout
moves.
Interested
in learning more about these powerful techniques, and more?
======
TIPS for SEEING OUR CHARTS CLEARLY (IE 6+):
To See our Charts clearly, running IE 6+:
Be sure to go to Tools/Internet Options/Advanced
and scroll down to "Multimedia" and UNCHECK where it says "Enable Automatic
Image Resizing"
Tthis is an unwanted new default IE 6 feature that resizes images to fit
the current browser window size,
it makes our charts more difficult to see, so Uncheck it.
View www.DaytradingUniversity.com/charts.gif to see what it looks like
================================
TIPS for
ACCESSING OUR JAVA CHAT ROOM: see www.DaytradingU.com/java.htm
We invite
you to compare the professionalism of our service with any other online
room. We're certain that you'll enjoy our 100% TA-based on-topic, disciplined
live trader room for your daytrading and swingtrading education and coaching
needs.
Hundreds
of traders worldwide can't be wrong! In the meantime, just check out
these recent live room transcripts
for yourself.
Disclaimer:
Traders Note: all alerts are for learning/educational purposes only and
are not to be construed as an offer to buy nor sell equities. We share
them to show you our real time trading techniques, so that you may better
understand how we look for trade entries. Do Not make actual trades based
on these or any other information you get via emails or on websites. Do
your own due diligence and consult with a qualified broker or RIA (which
we are not) prior to making any trades. You assume all risk/liablity for
all trades that you make. Daytrading is high-risk and speculative in nature,
and is not suitable for most people. Past performance is not indicative
of future performance. Hypothetical or simulated performance results which
are presented herein as learning examples have certain inherent limitations.
Unlike an actual performance record, simulated results do not represent
actual trading. No representation is made that any account will or is
likely to achieve profits or losses similar to those shown. Since trades
have not actually been executed, the results may have over- or under-compensated
for the impact, if any, of various market factors, such as lack of liquidity.
We make no performance claims of any kind. You hereby agree to all terms
in www.daytradingu.com/disclaim.htm by reading these materials. We hope
you're learning new strategies that are useful -- best wishes for successful
active trading.
Try
Daytrading University's LIVE TRAINING Room for the March 17th - June 17th
Session 
Learn
about Daytrading University's complete line
of active trader VHS Videos, CD-ROMs and Online Course (click).
|
