How To Make Money Trading The Markets.

[Mr. Charts]

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.

 

[cbrads]

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?

 

[Mr. Charts]

Check out interactivebrokers. US firm in London.

 

[Mr. Charts]

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.

 

[Mr. Charts]

And CFDs available on ABX so you don't even need a PDT account to trade it.

 

[Mr. Charts]

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.

 

[Mr. Charts]

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.

 

[Mr. Charts]

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.

 

[Mr. Charts]

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.

 

[Mr. Charts]

AAOI is also available as a CFD.

 

[cbrads]

Forgive my ignorance, is T&S and Level 2 data generally available with CFD accounts?

 

[Mr. Charts]

It is with interactivebrokers.

 

[Mr. Charts]

Same again with a pre market gapper choice.
CLNT 3 min candles +92c per share.
Not rocket science.

 

[Mr. Charts]

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

 

[Mr. Charts]

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.