Online Trading Live Day Trading Tips for Jan 9 Part 2

By Sammy · May 16, 2010 · Filed in Stock Trading Tips

Online trading or stock day trading is best to learn by watching live videos. My name is Steve Gomez. My partner Andy Lindloff and I are day trading for a living Learn from our winners and also our mistakes from the trading day. Trading from home can be done using software that has Level…

Comments

Andy, What is the setting for your moving average indicator ? is it SMA (5) 10 , 20 ?
Also I see Steve using another indictor that you don’t use ? what is it ? and what is it for ? and what’s its setting?
Thanks

Wow! You did have a monster day…whoooooooo!

Great videos guys I am learning a BUNCH!

I use 10, 20, and 50 SMA. I think Steve has a stochastic indicator and he’ll have to answer the setting question. I’ve always used a stochastic and a DMI but I’m not too pleased with the Lightspeed’s indicators so I haven’t incorporated them into my charts

i dont get it how can you make money when the market is going down what is that called

He was shorting , look at the – ( minus ) beside the trade

Shorting = Sell high then buy back low; keep the difference for profit.

Shorting. You sell first (borrow shares you dont have from the broker) and buy them back at a lower price. The broker gets the shares back and you pocket the difference. Think of it this way: you borrow 100 Wii game systems and sell them on Ebay. 1 month later, new Wii systems are selling for 50 dollars less, you go and buy them back at a lower price and give back the 100 Wii systems that you owe pocketing the difference in price.

thanx for the help…love the videos keep’em coming

what trading platform do you use.

I enjoy this video =) it makes me really horny!! 7

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