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The above is so true.

Seems to be a dead thread here...

I would like to know how and what other ASFer's day trade? What kind of strategies and rules used, sectors, index’s etc?
I’ve been pretty successful day trading with the few trades I have done. I trade mining species only. Price action and market depth are my… well only indicators to buy and sell.
I have 3 rules I always stick to.
1. always sell when it hits my stop. Usually set at a $200-$300 loss.
2. whenever depth indicates sell side is strong, DON”T buy.
3. If the depth turns during the trade, sell, or be prepared to sell.
These rules have worked great, and have stopped potential loss of capital and unrealised profit.

But when to sell? Never happy with my sells, a few times I have sold on my target only to see the SP rise another few % and missing out on some good gains. But that’s trading eh?

<blockquote data-quote="Pat" data-source="post: 194231" data-attributes="member: 5525">The above is so true.Seems to be a dead thread here...I would like to know how and what other ASFer&#039;s day trade? What kind of strategies and rules used, sectors, index’s etc? I’ve been pretty successful day trading with the few trades I have done. I trade mining species only. Price action and market depth are my… well only indicators to buy and sell.I have 3 rules I always stick to.1. always sell when it hits my stop. Usually set at a $200-$300 loss.2. whenever depth indicates sell side is strong, DON”T buy.3. If the depth turns during the trade, sell, or be prepared to sell.These rules have worked great, and have stopped potential loss of capital and unrealised profit.But when to sell? Never happy with my sells, a few times I have sold on my target only to see the SP rise another few % and missing out on some good gains. But that’s trading eh?</blockquote>

[QUOTE="Pat, post: 194231, member: 5525"] The above is so true. Seems to be a dead thread here... I would like to know how and what other ASFer's day trade? What kind of strategies and rules used, sectors, index’s etc? I’ve been pretty successful day trading with the few trades I have done. I trade mining species only. Price action and market depth are my… well only indicators to buy and sell. I have 3 rules I always stick to. 1. always sell when it hits my stop. Usually set at a $200-$300 loss. 2. whenever depth indicates sell side is strong, DON”T buy. 3. If the depth turns during the trade, sell, or be prepared to sell. These rules have worked great, and have stopped potential loss of capital and unrealised profit. But when to sell? Never happy with my sells, a few times I have sold on my target only to see the SP rise another few % and missing out on some good gains. But that’s trading eh? [/QUOTE]

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