Today’s Friday, and it is the first week after Thanksgiving holiday. Perhaps institutional traders are already in the holiday mood and many of them have taken on early vacations, both the volume and daily trading range of the general market seemed lower than usual this week.
As a small individual trader though, I still woke up as usual, diligently working through my routines in the morning to look for news stocks to be able to put in my watch list. However, after a whole round of search, I didn’t find many–probably …

First of all, thank you for your comments of encouraging me to write more posts. Your comments motivate me to continue my posts here! I apologize for being distracted by another website project I was obliged to make for my educational partners. If you are interested to take a peek at what I have created for the past week, check out at www.englishsummercampbj.com.
Now back on the right track:-). I am still using my stock grading criteria to look for the right stocks to trade each day. I find it the …

In this article the author outlines five simple tips to pick stocks for day trading.
Just having all the important qualities required to succeed as a day trader won’t help; proper selection of stocks for day trading is equally important. Generally day traders fail because they don’t select a proper stock for day trading.
Certain rules that can help you in selection of stock for day trading are discussed here. These rules can be digested quickly to help you avoid the biggest pitfalls in trading. These rules include:

Trade liquid stocks
Avoid unpredictable (chaotic) stocks
Trade …

Today I found two stocks that established nice Grade A patterns–Walter Energy, Inc. (ticker: WLT) and Deckers Outdoor Corporation (ticker: DECK). WLT had developed a nice 45 degree uptrend pattern in the early morning, and DECK, on the other hand, had developed a triangular uptrend pattern. If you don’t know what I mean by “Grade A” patterns, please visit my Stock Pattern Grading articles in Part A, Part B and Part C.
Here are the 5-minute charts for WLT and DECK:

These two stocks both have large daily trading volumes and a …

I have summarized the three best trading patterns in my Part A article, and have named them the Grade A patterns. If you haven’t read the Part A article, I highly recommend you to click here and read it before going further.
My Grade B stock patterns are still tradable patterns, but have a relatively lower success rate than Grade A patterns both in terms of stock failing to move in the expected direction, and the distance the stock can go in the expected direction (in other words, the profit potential …

As someone who teaches people to profit from day trading, I am often asked if I can share my daily stock picks. Some people want me to email my watch list to them daily, others would prefer me to call them out in a trading chat room. I will do neither, and there’s a good reason why. I strongly believe that following someone else’s stock picks can be bad for your wealth. To understand why, we need to take a step back for a moment, and consider what makes a …