Daytrading Legit Help!
All Day Long I listen to a disciple of Tim sykes who trades his own account while 20-30 guys tag a long.
I have been watching him for 90 days, and he's been positive every single day, no bs.
His trades last 10-30 seconds and he is only active 9:30-10:30 am and 3-4pm.
Gaps from 9:30 - 10 a.m. are consistently the most profitable.
He also trades a live news feed and follows 6 other trading rooms for ideas.
He believes most people are way too aggressive, and he reaches for 10-30c mostly. 1000-5000 shares. ( Money for this effort kept at Suretrader who offers 6:1)
He keeps monies there and retrieves profits as he goes along.
I never thought that you could survive as a daytrader as the commish should kill you, etc. but this guy has for 4 years and counting, so I am pretty impressed.
My style is primarily options swing trades and protected stock trades using puts etc., but I will take a few trades a week.
I leave his room on all day ( $4 a day it costs me...) because I like to watch someone pulling the trigger with solid risk parameters in place.
Pulling the trigger, day in day out can get difficult, so I find being in the company of live traders, useful for now.
If you want to check it out, got to the options site I administer and contact me.
I'd value your feedback...