Day in the Life of a Day Trader
- Length: 5:4
- Views: 34
- Author: TheAppleInvestor
room.apple-investor.com A Day in the Life of a Day Trader Do the following pre-trading routine 1) Examine the previous day trades and narrative. 2) Examine overnight market action. Note any significant market events that may have influenced overnight prices. 3) Identify the larger timeframe trend. Develop a market bias to start the day. 4) Identify economic reports or bond auctions that will take place during the trade day, and the potential impact. Develop a plan for best and worst case scenarios. 5) Analyze recent news events to see if there is a possible offsetting or synergistic effect to the economic reports. 6) Scan the major financial news networks for breaking news. Bloomberg, CNBC. Do the same for online financial news sources and blogs. Finviz, Yahoo Finance, Zero Hedge. 7) Examine and analyze Heat Maps of all major markets, particularly those that might influence your trades. 8) Clear everything off your desk that might be a distraction. Answer emails. Return phone calls. Tell people the appropriate times that are ok for contacting you during the day. Ok. Start to trade 1. Identify the trend in three timeframes, make three; small medium and large. Determine the trend in the largest timeframe, identify trade signals in the middle timeframe, and use the smallest timeframe to fine tune your trade entry and exit. 2. Identify levels of support and resistance in the middle timeframe. It is best if that support level is shared with the biggest timeframe. If it is a ...
May 3rd 2012 CNBC Stock Market Squawk Box (Initial Jobless Claims)
- Length: 7:54
- Views: 13
- Author: brianhockey22
5/3/2012 - CNBC Stock Market Squawk Box (Initial Jobless Claims). Jobless claims fell very convincingly in the April 28 week, down 27000 to a much lower-than-expected level of 365000. The Labor Department reports no distortions in the data. The big decline takes claims back toward the 350000 level that was being tested in March and February. But this is only one week of improvement which is reflected in the four-week average that, despite the big decline, rose slightly in the week to 383500. This level is still tangibly higher than the 360000 levels through March. Continuing claims continue to trend lower, down 53000 in data for the April 21 week to 3.276 million. The unemployment rate for insured workers is unchanged at 2.6 percent. The big headline drop in initial claims offers reassurance that economic growth is secure and it will no doubt be a big plus for today's stock market. Tomorrow the Labor Department will post the monthly jobs report.
April 27th 2012 CNBC Stock Market Squawk Box (Q1 GDP)
- Length: 8:8
- Views: 8
- Author: brianhockey22
4/27/2012 - CNBC Stock Market Squawk Box (Q1 GDP). GDP growth slowed in the first quarter with a drop in government spending being the big negative. The positive was a moderate acceleration in consumer spending. GDP growth eased to 2.2 percent from 3.0 percent in the fourth quarter. The advance estimate came in lower than market expectations for a 2.5 percent gain. However, the component mix showed modest improvement in demand. Final sales of domestic product increased an annualized 1.6 percent in the first quarter after a 1.1 percent rise in the fourth. Final sales to domestic purchasers (excludes net exports) advanced 1.6 percent, following a 1.3 percent gain in the fourth quarter. Strength in the first quarter as mentioned above was largely in PCEs which rose 2.9 percent, following a 2.1 percent rise in the prior quarter. Inventory investment added to growth as did residential investment. Business investment in equipment was positive but less so than in the fourth quarter. Net exports were marginally positive but essentially neutral. On the downside, government purchases fell an annualized 3.0 percent, following a 4.2 percent decline in the fourth quarter. Business investment in structures was notably negative. On a year-ago basis, GDP was up 2.1 percent, compared to 1.6 percent in the fourth quarter. Economy-wide inflation according to the GDP price index picked up to 1.5 percent annualized from 0.9 percent in the fourth quarter. Analysts had called for a 2.1 percent ...
Page: 2 of 1087