Recent content by stillkicking

Time and time again, this rather simple test bears fruit. Put this together with my other rule of waiting until 9:50 to place a trade and it can save many a day trader from blowing up their account and, perhaps, making some $$ in the long run..

I've talked about this before... but worth reiterating for all the new traders out there. If you trade stocks on the American exchange there is a magic time you should know about and that is 9:50AM. It is at this point, give or take about 5 minutes, that most all stocks trading with more than...

Here we go with another one. These patterns come every day but you need to look for them. In this case you could have made about a 10% profit with little risk. Note the time frame. From 9:45 till 10:15. Just a 30 minute trading window and then it fails. You need to get in right at the...

Yes, please post back with your results. Just a thought... but you might try adding these three lines to your trading platform then go back and compare the results using stock BYFC on June 19th from 10:00 to 11:00am New York time. The one shown in my initial picture, here. Just to make sure...

Hello Dutch Guy. I owe you and everyone else an apology. Seems I listed the wrong study in my posting.... which I have now corrected. Please re-read the post and you will have your answer. If you still have questions, please reply back and I will try and answer them. Investopedia.com says...

Hello to all. OK, so the title is rather pretentious. Take it with a grain of salt. Been awhile since I've posted. I have something to share with those day traders who may be struggling out there. This is a day trading pattern I have been back testing for the past few weeks. It seems to bear...

The pop that refreshes Some days, I think I'm smarter than the market and rather than take a quick profit after initiating a penny stock buy I hold out for more $$. That often comes back to bite me on the butt. I end up sitting on my shares way too long and, having pulled my stop, watch the...

Going long... with my monitor, that is. I use Think-or-Swim for my trading platform. I make the trades on one 16x9 screen, run by it's own computer, and I set up the stocks I'm watching on another, older, 19" 3x4 screen, powered by its' own computer. Until now, I had four stocks on this...

I've updated my "penny stock" day trading checklist. If I follow it to the letter... I can do alright. When I don't, I will usually get into trouble.

Something it appears many day traders are not aware of, or tend to forget about, is the 30 day wash sale rule here in the US. Canada has their own version called the superficial loss rule and it is essentially the same. For us day traders it works like this. Say you purchase a stock at 10:00 for...

Get in and get out As I examine my most recent day trades, along with the earlier ones made back in the beginning of the year and end of 2018, one thing clearly stands out. The longer I'm in the trade the less of a chance I have of turning a decent profit. My most lucrative trades were made in...

The Power of the Daily Chart As a trader, I find it useful to get in the habit of running every potential day trade through the daily chart setting to get some idea of where the stock has been in the last, say, six months. While some may argue this will not do much for a day trade it may...

If you haven't learned by now, trading low cost or penny stocks (those between $1 and $5) is fraught with fraud, scams and just plain funny business. The majority of these companies have less than stellar track records in either the way they conduct business or the products or services they...

While I agree the theory of back testing, as presented by others who replied to this post makes lots of sense, I will admit I'm not the kind of person who wants to spend that amount of time on penny stock trades. One can argue "to my peril" and I will also agree to that. There is a trading guru...

Just got back in the game after sitting things out since early May. Found a few new things to talk to about and will be posting soon. Happy Thanksgiving to all