Comments on: Stack the Odds for Daytrading Success http://www.thestockbandit.net/2009/09/03/stack-the-odds-for-daytrading-success/ Trading blog for day trading, swing trading, and trading psychology Tue, 07 Feb 2012 17:25:00 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Elevating Your Odds | TheStockBandit.net http://www.thestockbandit.net/2009/09/03/stack-the-odds-for-daytrading-success/comment-page-1/#comment-152338 Elevating Your Odds | TheStockBandit.net Wed, 03 Aug 2011 11:56:48 +0000 http://www.thestockbandit.net/?p=1511#comment-152338 [...] Go check out this post from the archives which has both a written explanation & a video showing you what I mean, because the key is to Stack the Odds for Daytrading Success. [...] [...] Go check out this post from the archives which has both a written explanation & a video showing you what I mean, because the key is to Stack the Odds for Daytrading Success. [...]

]]> By: TheStockBandit http://www.thestockbandit.net/2009/09/03/stack-the-odds-for-daytrading-success/comment-page-1/#comment-145393 TheStockBandit Tue, 08 Sep 2009 01:06:40 +0000 http://www.thestockbandit.net/?p=1511#comment-145393 Hey Jeff, Yes I do daytrade with the level 2, eyeing the market depth is very helpful with intraday trades. I also am using hotkeys for day trades, in that I can hit one button to enter the trade and another to exit (on the keyboard). It's nearly instant, so it makes it very easy to manage risk in a situation like this where I know I'll need out quickly if the trade turns around. However, once this one started to work, I simply set a stop loss and could then focus on booking profits on the way up. Thanks for stopping by! Jeff Hey Jeff,

Yes I do daytrade with the level 2, eyeing the market depth is very helpful with intraday trades. I also am using hotkeys for day trades, in that I can hit one button to enter the trade and another to exit (on the keyboard). It’s nearly instant, so it makes it very easy to manage risk in a situation like this where I know I’ll need out quickly if the trade turns around. However, once this one started to work, I simply set a stop loss and could then focus on booking profits on the way up.

Thanks for stopping by!

Jeff

]]> By: jeff n http://www.thestockbandit.net/2009/09/03/stack-the-odds-for-daytrading-success/comment-page-1/#comment-145391 jeff n Mon, 07 Sep 2009 21:08:04 +0000 http://www.thestockbandit.net/?p=1511#comment-145391 nice video. do you use the level 2 a lot for these intraday trades where your risk is so small (10 cents)? a lot of times when i set my risk that small i get shaken out of a lot of trades that end up working. i feel like if i was trading that stock and had waited for it to get back above 11.00 it would have the tendency to shoot straight up 30 cents without giving a chance to buy it. nice video. do you use the level 2 a lot for these intraday trades where your risk is so small (10 cents)? a lot of times when i set my risk that small i get shaken out of a lot of trades that end up working.

i feel like if i was trading that stock and had waited for it to get back above 11.00 it would have the tendency to shoot straight up 30 cents without giving a chance to buy it.

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