October 31, 2008
Day trading is a practice as old as the markets, but what it really means is that stocks and commodities are being bought and sold in the span of one day. This is the complete opposite to after-hours trading or late trading, when exchanges happen after the trading floor closes for the day. Stock brokers are then classified as to they act like day traders, trading after hours, and late night traders. To get financial info you should look at telechart 200.
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Probably you just like other people hate it when you are caught off guard and not prepared for something and no matter if it concerns a birthday, anniversary, test, or anything else. If you don’t think about your future, you could get caught off guard there as well. A retirement plan is very important for your future. A lot of things should be considered when you retire and many people are just not prepared for it. People can look forward to the future days, but not really plan for them and be really ready for them.
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October 30, 2008
We had our first meeting of our online trading group. It was a mixed crowd, with men and women of all ages. Our knowledge was all over the board, too. Some of us had been trading for years, and some had never even had a brokerage account.
Jim was the organizer of the group, but was not going to necessarily be the person in charge. That task went to Sarah and John.
Sarah was a new trader, and John had been at it for many years. He referred to himself as a dinosaur and not very good on the computer but getting better. Sarah was all gung-ho and had recently set up accounts with a couple of brokers.
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I was seeking a speaker for our next online trading meeting, when I ran across Hillary, a friend of my sister, who had worked for an actual brokerage company. I asked her if she would like to speak, and she said yes, even though it was so early in the morning.
Hillary arrived at the meeting dressed in a business suit. Even though she was no longer working for the brokerage company, she wanted to present a business like appearance.
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With the markets going up and down like an out of control roller coaster, online trading is the one place to assess what you’ve got and the alternatives to sectors that are getting pummeled.
The problem is, it’s difficult to find a sector that’s doing well. In fact, there is not one sector that is trading and trending up.
Before online stock trading and trading options online, when you had to either phone your broker or go in and do business, you had a much slower reaction time. At least as a retail stock customer. The big players, of course, had access to the market in real time, and were able to carry out trades instantaneously in most cases.
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