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Day-Trading Journal (Watch me rot in jail!)

Discussion in 'BlackHat Lounge' started by mungus, Dec 14, 2011.

  1. mungus

    mungus Regular Member

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    I've got a fairly healthy limit on my online share dealing account. I've never involved myself in day trading before, as I tend to just focus on long term growth prospects. However, seeing as xmas is approaching I'm feeling the urge indulge my self by recklessly abusing my trading limit and 3 day settlement period.

    On a serious note however, I really do want to get into day trading and plan to do it full time, can any one who has succeeded in the past give me a few pointers on where to get some good info , I'm talking about , what's the best platform (preferably free)?

    What were your trading methods?

    What books / sites/online resources did you use?

    I'm not asking to be spoon fed, I already know a shitload about trading the stock market, but with there being so much info out there on day trading in particular, I'm finding it hard to sort out all the BS from the 5% of worthwhile info there is on this subject. Thanks in advance!
     
  2. ockham

    ockham Newbie

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    what market ?
     
  3. mungus

    mungus Regular Member

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    London Stock Exch. Looking at focussing on stocks in the AIM as well, probably Oil/Gas/Mining stocks, I'm familiar with that industry.
     
  4. Mystress

    Mystress Newbie

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    Good luck
     
  5. spsfinest

    spsfinest Junior Member

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    Occupation:
    IM
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    I stick to forex, with stocks there are a ton of variables that I just don't wish to consider at this time. I just read Forex related forums and I searched out definitions for things I didn't understand using the web. The knowledge is out there and it's free too if you put the time in to find it.

    Day trading is about spotting trends on a day to day basis. You should be looking for setups in long time frames (daily, weekly and monthly charts) and working your way down to more current charts to pick your best entry point for any trade. Be prepared to blow out accounts (demo or live).
     
    Last edited: Dec 14, 2011