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Real traders are always waiting for a "bad" (down) stock market day. The rest of the world is waiting for a "good" (up) stock market day. Isn't it great to know that, as a trader, you have opportunities every day? The only "bad" day you will ever have is when you lose money, irrespective of what the market is doing. DAET provides a natural and easy hedge for your other investments. Don't be dissuaded by long-term recommendations to buy 1000 shares of MSFT and sleep for 20 years like Rip Van Winkle. |
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When the stock market is rising, it does not take brains to make a long-term investment that increases in value. Don't believe that good investments in a bull market are necessarily a sign of competence. |
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Many traders make trades in as few as two or three different stocks in which they believe they have developed a special expertise. These traders watch every movement these stocks make and try to determine why the stock has moved and what the stock will do in the immediate future. These traders have followed these stocks over a long period of time and feel they know everything there is to know about price movement and the major market makers in those stocks. |
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When you begin trading, you should focus on no more than a small number of stocks in the beginning until you secure a "feel" for the stocks and familiarization with their cycles. The hope is that you will grasp an understanding of their trading orbits. |
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Market-Monitoring Programs |
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Sophisticated trading programs can actively monitor price movement on the Nasdaq Level II system so traders can act on that movement in a split second. Your DAET firm should have a market-monitoring program that allows DAET traders to establish individualized search parameters that will direct the computer system to continually scan the Nasdaq market and notify the trader of any prescribed movement. Your trading program acts like a robot burglar alarm with motion |
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