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Friday, October 06, 2006

Where To Learn Day Trading - FREE

I've been reading a few of these blogs regularly because they have very good examples of day-trades. I think I will try to blend in some of their strategies with my own to better my day trading. But take note that we are dealing with options here, so you may need to fine-tune abit, instead of taking it wholesale.

These traders use:
-mostly 15 min or 30 min charts

-EMAs, but more commonly 5,8,10,13,20

But pls don't use ALL on your charts, you will have a hard time looking at charts with so many lines. Choose 2 which you think is suitable & stick to them

-NRB (narrow range bar) for entry

-Fibonacci Extension to set entry / exit target

Take some time to study these traders & their styles & I'm quite sure it will help to improve your day trading skills:

-MaoXian (abt 100 dummy trades egs. One of the first bloggers to use NRB concept)
-Wall St Warrior
-Mercado de Estocástica


Anonymous estocastica said...

Thanks for the mention! I really like to help people become better traders, while helping myself at the same time. As I'm sure you know, blogging is a very therapeutic activity.
Options are very interesting to me as I've had extensive training in financial engineering...I'd love to explore the options trading world at some point -- your blog looks like a good place to start.

Best of luck!

5:42 AM  
Blogger Simply Options Trader said...

yeah, guess we share the same sentiment.

Given your extensive training in financial engineering, your advice & comments are most appreciated. We like to learn from you too!


9:00 PM  

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