[技术分析] some tips for day trading from PSP

nobo

发信人: psp (I love psp), 信区: Stock
标  题: some tips for day trading
发信站: BBS 未名空间站 (Sun Jun 17 00:01:12 2007)

* build a watch list for day trading (DT). It may come from 3 sources
1. 4-5 stock that you are very familiar with and has good voltatibity (daily
high-low>3%) and decent volume (> 100 million daily), you do both long or
short intraday;

2. some stocks has has wild voltatibity (daily high-low>4.5%) and decent
volume (> 100 million daily); you do both long or short intraday;

3. some stocks you want to do swing trading. You only do one side, either
long or short intraday

* control your position size, do not use 2x-4x margin on one position, the
maximum margin on one position is 1.3

* keep neutural and ready to reverse side for stocks from source 1 and 2.

* most of intraday movement (60-70%) happen in the morning

* set the initial stop for one position (source 1 and 2) to be 0.5% of your
portifilio, when you have 0.5% gain, move the stop to your entry point. When
you have more than 1% gain, prepare to exit or set a 0.25% trailing stop;

set the initial stop for swing trade position (source 3) to be 1.25% of your
portifilio, it do not need intense care like source 1 and 2;

* set a rule to exit market for source 1 and 2 position, either condition is
met, close all source 1 and 2 postions,
rule 1, you have achieved your daily profit target,
rule 2, you get the maximum daily trade number

* before market close, close all source 1 and 2 postions, if your swing
trade has more than 3% gain; 2 alternatives:
1. hold the stock, move the stop to entry point+0.5%
2. close the position, use the gain to buy option.

otherwise, close the position, tomorrow, you may have a better entry point
to enter this stock again