How To Make Money Trading The Markets.

cbrads

Well-known member
Mar 11, 2014
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NW England
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

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Sep 18, 2001
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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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Mr. Charts

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Sep 18, 2001
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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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Mr. Charts

Well-known member
Sep 18, 2001
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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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