subject: Day Trading - Not A Magical Proposition If You Understand The Underlying Forces [print this page] Day trading is actually a rather vague term for what, if undertaken properly, is a combination of strategies - it can be an easy way to lose large amounts of money very quickly, and it can also be a satisfying way to turn the proper amount of idle money into a growing portfolio, and one which can be fun as well as paying off with a nice, profitable return.
One thing it is not is something that will happen easily - it takes work to understand the underlying principles of the market, no matter what portion of it you are trading in, and the best and most accurate information will allow you to buy stocks in a way that will maximize the potential for profit.
One of the best places to achieve this analysis is at the website Daily Trading Report; the Chief Investment Officer is Brad McFadden. A long time trader in the financial markets, Brad holds a Master of Finance along with Finance and Marketing Degrees and has been trading since 1985, starting in the overseas markets of the Japanese trading Houses.
He has managed Global Macro funds and has traded in currencies, commodities, global equities, and derivative and fixed income instruments. He has a unique understanding of the underlying forces of the market, and communicates this understanding in the form of tools and information available at the Daily Trading Report, along with his two partners, Matt Stone, the COO, and Dex Randall, the Web and Online Comms manager. The three of them have put together a site which offers unique tools and three different portfolios, each concentrating on specific, pre-defined strategies for maximizing income potential while maintaining a constant watch to minimize risk.
Of course, there always is risk, but there are also ways to move through the world of trading in a way that does minimize risk. Understanding the mechanics of the market, and concentrating your attention where others are not even paying attention helps in this.
Take the Short-Term Dow Portfolio, for instance; The objective of this portfolio is to provide liquidity to panic buyers and sellers of the components of the Dow Industrial Average Index; this is a momentum based strategy based on a defined set of stocks and a defined period of time. A three month period is one that seemingly no one positions for - they either concentrate on a much shorter period, or a 12 month guesstimate of where the stocks will be a year from now.
The Short-Term Dow Portfolio seeks to capitalize on a trend before it has fully developed, and then to sell those positions to so called 'trend-traders' once the trend has become obvious.
These types of strategies, and the underlying research and tools that the Daily Trading Report brings to the table are what makes this company one of the best to pay attention to - there are no Fibonacci sequences here, but good, quality strategies, tools and research parameters which allow you to make decisions based on solid underlying trends and solid mechanics. That is what the Daily Trading Report specializes in.
by: Latour Peter
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