<!-- @page { size: 8.27in 11.69in; margin: 0.79in } P {
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text-decoration: underline } -->Just a few comments from another
newbie. I have been following the site and the charts on
StockCharts.com for about one and a half years, and a paying member
for a few months.
1. You can find out all you need to know about Matt and Steve
by checking out the archives. Unlike some stock sites they
leave the whole record up for review. The Newsletters go back
4 or 5 years.
2. The only sure way to make a small fortune in the
stock market is to start out with a large fortune. There is
no one answer to your question. If you have a lot of money
and you want to try day trading start small. Your biggest
enemy is yourself and your emotions.
3. In this market cash is good. If you have a
really large amount then I don't know.
4. Day trading is not for everyone. Most people
don't have the temperament or the knowledge. You could easily
trade the automatic end of day systems. With a volatile and
somewhat trending market you can make a lot of money.
Lastly I don't know what the breakdown is but I suspect that
there are more swing traders on this site than day traders.
It is easy to believe that the site is mostly day traders by
reading the blog. Charts are fractal like in that they show
the same patterns at all time frames. I have made more money
trading the weekly charts than any other time frame. (But it
is not nearly as exciting.)
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<!-- @page { size: 8.27in 11.69in; margin: 0.79in } P { margin-top: 0in; margin-bottom: 0.08in } A:link { color: #000080; text-decoration: underline } A:visited { color: #800000; text-decoration: underline } -->Just a few comments from another newbie. I have been following the site and the charts on StockCharts.com for about one and a half years, and a paying member for a few months.
1. You can find out all you need to know about Matt and Steve by checking out the archives. Unlike some stock sites they leave the whole record up for review. The Newsletters go back 4 or 5 years.
2. The only sure way to make a small fortune in the stock market is to start out with a large fortune. There is no one answer to your question. If you have a lot of money and you want to try day trading start small. Your biggest enemy is yourself and your emotions.
3. In this market cash is good. If you have a really large amount then I don't know.
4. Day trading is not for everyone. Most people don't have the temperament or the knowledge. You could easily trade the automatic end of day systems. With a volatile and somewhat trending market you can make a lot of money.
Lastly I don't know what the breakdown is but I suspect that there are more swing traders on this site than day traders. It is easy to believe that the site is mostly day traders by reading the blog. Charts are fractal like in that they show the same patterns at all time frames. I have made more money trading the weekly charts than any other time frame. (But it is not nearly as exciting.)