How To Make Money Trading The Markets.

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Old Apr 19, 2017, 5:10pm   #2671
 
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Mr. Charts started this thread Some people think you have to have a PDT account with a minimum of $25k in it to trade like this.
Not true.
You can trade CFDs on most of the stocks I trade with quotes as good as the actual market with some CFD providers for a LOT less in your account.
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Old Apr 19, 2017, 5:19pm   #2672
 
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Quote:
Originally Posted by Mr. Charts View Post
Some people think you have to have a PDT account with a minimum of $25k in it to trade like this.
Not true.
You can trade CFDs on most of the stocks I trade with quotes as good as the actual market with some CFD providers for a LOT less in your account.
Interesting! Are these American brokers? How much leverage is allowed?
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Old Apr 19, 2017, 10:17pm   #2673
 
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Mr. Charts started this thread Check out interactivebrokers. US firm in London.
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Old Apr 25, 2017, 5:32pm   #2674
 
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Mr. Charts started this thread Sometimes you get almost a no brainer and after ABX results and forecast came out and it started falling in the pre-market, the probability of a good set up and price action was very high.
White line at time of entry (on 5 min candles) and image taken at time of exit.
+71c per share
That's $710 for a 1000 shares, $355 for 500 and pro rata of course.
It's always a matter of waiting for the right high probability opportunity with the appropriate methodology, never be rash or impatient and cutting any losers while they are still small.
Not difficult stuff.
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Old Apr 25, 2017, 5:35pm   #2675
 
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Mr. Charts started this thread And CFDs available on ABX so you don't even need a PDT account to trade it.
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Old May 4, 2017, 5:17pm   #2676
 
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Mr. Charts started this thread One from my pre market list.
TLRD +50c per share
White pointer at time of entry using falling candles method.
Image at time of exit.
Not rocket science.
Choose a high probability set up and cut any losers quickly.
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Old May 4, 2017, 5:25pm   #2677
 
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Mr. Charts started this thread And TLRD can be traded using CFDs as well, so you only need a few thousand pounds, not the $25000 in an account that everybody thinks. And the spread in the real market and on CFDs is only one cent at the moment.
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Old May 5, 2017, 4:57pm   #2678
 
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Mr. Charts started this thread This same rising candle method on CRC today produced +58c a share.
I found CRC scanning a few minutes after open.
The entry was a little later than ideal but was dictated by the time of the scan which found it.
Again CFDs available for this stock as well.
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Old May 8, 2017, 5:11pm   #2679
 
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Mr. Charts started this thread An even nicer one today. AAOI was on my pre-market list. It didn't trend from the start but chopped around until the buying poured in. I waited longer before entry because I wanted to see a lasting trend after the break from congestion.
A nice +123c per share.
All winners and losers on my blog as always.
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Old May 9, 2017, 1:12pm   #2680
 
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Mr. Charts started this thread AAOI is also available as a CFD.
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Old May 9, 2017, 2:21pm   #2681
 
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Forgive my ignorance, is T&S and Level 2 data generally available with CFD accounts?
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Old May 9, 2017, 4:32pm   #2682
 
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Mr. Charts started this thread It is with interactivebrokers.
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Old May 9, 2017, 4:44pm   #2683
 
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Mr. Charts started this thread Same again with a pre market gapper choice.
CLNT 3 min candles +92c per share.
Not rocket science.
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Old May 17, 2017, 5:43pm   #2684
 
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Mr. Charts started this thread Just two of today's trades using the rising candles method. Both stocks taken from my pre-market alert list.

Both risers in a falling market. You're trading the stock not the market, and if the trend is strong there is no reason not to go against the prevailing market direction.
I know that goes against the accepted "wisdom" but it is not only logical, but works well since I've been doing it since I started to trade for a living 17 years ago.

Obviously weaker movers are more vulnerable to the way the wind is blowing.

DDD +61c per share
ABBV +75c per share
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Old May 25, 2017, 5:25pm   #2685
 
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Mr. Charts started this thread GME was on my pre-market alert list and produced a nice +58c early move when it set up the falling candles method.
All winners and losers on my blog as always.
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