5 Day Trading Tips for Success

Written by Mike Reed

Continued from page 1

"Major Time of Day"- Aroundrepparttar 2:20pm to 2:40pm time frame, we'll often see moves reverse or gather steam in that timeframe. People that have been holding positions all day long become a bit "antsy" - they have to do something with them beforerepparttar 148013 Market closes forrepparttar 148014 day. When people holding losing positions into late intorepparttar 148015 day seerepparttar 148016 time untilrepparttar 148017 close is near, that can causerepparttar 148018 market to make some sharp turns inrepparttar 148019 last 90 minutes. The program gang also likes to get active that time of day.

4. How Can Anyone Trade a Choppy Market?

I take a number of scalps in choppy markets. I time entries with Tick extremes, especially when price pops into previous high areas of congestion, or other intraday support and resistance. Moving averages are not good during choppy days.(Scalps : small profit, "hit and run" type of trades)

5. How Do You Measure Pullbacks?

In a trend move, I like to see shallow pullbacks to a steeply sloped moving average on one ofrepparttar 148020 3 time frames I follow. (more time frames,repparttar 148021 better) Pullbacks to symmetry in a persistent trend are useful when present.

Example: Rally, dip 2.00 points – Another run up, then a dip of 2.25 points – A another push higher, then a dip 1.75 points. Note continued dips of 1.75-2.25 points repeatedly hold. A pattern has developed, and you want to be buying those shallow pullbacks. This works great used in conjunction with a steep slope ofrepparttar 148022 20 ema onrepparttar 148023 5 minutes charts, or slightly bigger picture,repparttar 148024 60 ema onrepparttar 148025 5 minute chart.

Mike Reed author of TradeStalker's RBI Trader's Updates. Mike has been trading the Market for 23 years. Mike's support and resistance numbers have been published on the internet since 1996. Mike's nightly support and resistance zones are specific and incredibly accurate. He offers an unlimited free trial of his nightly TradeStalker RBI Trader's Updates. http://www.TradeStalker.com

How To Start Investing For Financial Independence, Part 2

Written by Chris Anderson, PhD

Continued from page 1
3) Have VERY good reasons why you don’t think you will lose money…… You may not make as much as expected but you would rather not lose money at this stage -- They have done their due diligence and feel strongly aboutrepparttar investment. 4) Be patient. This single result should not either make or break you but it is crucial to a longer term plan-- they are not swinging forrepparttar 147922 fences but rather patiently usingrepparttar 147923 previous market's money to increase their investment. Well, likerepparttar 147924 other investment, suppose this one works out in their favor. In their two year holding period,repparttar 147925 lots experienced a 35% increase in price. Not bad. They were hoping for more since they knew some places had that kind of increase in a few months but they are not complaining. After closing costs,repparttar 147926 investor had about $55,000 invested and netted a total of $162,000 after expenses. Of course their silent partner, Uncle Sam, wanted their cut so now they are left with a $137,700 in profits and $192,700 in working capital. Not too bad after only 4 years. Now let's askrepparttar 147927 question are they financially free? We'll, I doubt it. The investor could probably now survive for 2-3 years onrepparttar 147928 nest egg but only if they did not reinvest it. However, ifrepparttar 147929 family and friends find out about this gain, then they will thinkrepparttar 147930 investor is now "rich" and living likerepparttar 147931 Vanderbilts...... For anybody that has made it to Step 2, you know they are far from rich because now they want to invest to go to Step 3 and this will likely consume most of their money. Frequently you will find people inrepparttar 147932 $0.5 -$2Million dollar net worth in this category where they are doing great on paper but they don't have any more "extra" money to spend than they did a few years ago. After Step 3-4 however, this can change dramatically. Before we conclude this week's article, let's talk about a very common, and deadly mistake. Inrepparttar 147933 language of Texas Hold'em poker, it isrepparttar 147934 All In mentality. Frequently, after a first success, people now feel bulletproof and decide they want this process to go faster. They leverage everythingrepparttar 147935 have and take on as much risk asrepparttar 147936 banks will allow them. If things work out for them, they will explode their wealth with that step. However, if something slips up, they are in trouble. Most people believe nothing like that can happen to them they are too smart. I mean everybody knows that real estate does not go down, Right? I know a gentlemen who is extremely smart, extremely business savvy, and grew his net worth to well over a BILLION dollars. Within a few years of that mark, he net worth was NEGATIVE and had to declare bankruptcy because of real estate. The process of building wealth in a controlled fashion over 6-10 years is so straightforward that I cannot see taking those kind of risks to make it happen in a much shorter time frame.

Chris Anderson is a leading authority on preconstruction real estate investing and has been referenced in many venues including the New York Times and USA Today. Get updated information about preconstruction projects at GetPreconstructionDeals.com.

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