Since I didn’t make any trades today, I just wanted to answer 9 questions I have been getting on Twitter and StockTwits.
1.) My trades of the day I post on this blog-site are day-trades I made that day. They are also winning day-trades, but if I had no winners that day, I’ll post a losing trade and show you why I probably went wrong on that trade.
2.) 90% of my trades are day trades.
3.) 10% of my trades are swing trades.
4.) I don’t trade options or futures.
5.) I average about 5 round trip trades each day. I trade about only 200 out of the around 250 trading days each year. So: (200 X 5)=1000 round trip trades a year.
6.) Only about 48% of my trades are winning trades this year (2012), but my accounts are up over 160%.
7.) 80% of my buy trades take place within the first 30 minutes of the market open.
8.) Type of trading strategies I only play:
· 80% Dead Cat Bounce or regular bounce plays.
· 10% Breakout plays out of a strong resistance.
· 10% Shorting overbought stocks on a very short-term level.
9.) Finally, I think for myself. The strategies I created to profit from the markets has been over 8 years in the making. I don’t trade on anybody’s ideas or opinions.