Most first time stock traders
will be confused by the different types of stocks in the stock market. This confusion will cause most first time stock traders to buy the wrong stocks or turn away from the stock market altogether. Knowing what types of stocks are available in the stock market and what the individual types of stocks means is important if you want to succeed in stock trading
Most often, you will come across the term “Common Stock”. Common stock can be purchased by anyone, regardless of income, age, or financial background. Common stock is an important part-ownership of the company that you are investing in. The value of your stock will rise as the company grows and earns money. Alternatively, the value of your stock will fall when the company goes bankrupt or does poorly. Common stock holders have the power to elect the board of directors but they are not involved in the daily operations of the business.
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From March 10 to March 26 of 2009, the market indices showed a tremendous climb. The S&P 500 was up 22%. The DOW was up 21%. The NASDAQ was up 19%. The S&P/TSX was up 17%. As of the March 27 close, the indices have retreated, likely due to profit taking to lock in gains after the rise in the past couple of weeks. This may be a pause, or it could be the beginning of a trend reversal. We do not yet know.
I day traded 3 stocks on the TSX, employing long and short positions. I traded in 1000 shares of K (Kinross Gold) and TLM (Talisman Energy) and 500 shares of RIM (Research in Motion). The objective is to take price changes of $0.05 to $0.10 per position to yield $50 to $100 gains less $14 commission. My own rules are to take the gain if it is there. The shorter the time period, the better. Shortest duration was under a minute to buy, then sell a long position for an $86 net gain. Longest duration trade was held until the following trading day which is clearly not day trading! My rules are there for me to break and I ultimately have to account for my own actions and the resulting consequences. If I could hire a trader that follows rules without exception and whom I can trust to return gains of 15% per month, I would. Until then, I will have to do. Seriously, if I can only suppress my emotions and follow rules without exception, I would be far better off in trading performance.
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Day Trading Robot is the latest in stock picking software designed to deliver the hottest leads to you so that you can react accordingly. With all the hype surrounding it, how much of it actually lives up? The truth is, it does purely because of the guaranteed science behind how it works. Each day, this system connects to the net to access the latest broker/stock reports.
Once it has this information, it organizes all of the different stocks into different charts and from there scans these charts for profitable opportunities which stand out. It does this using complex mathematical algorithms inherent in the software. These algorithms are tweaked long in advance before the program is released to ensure that it delivers a long history of profitable picks. Once Day Trading Robot has made its picks, it emails you this information, including what stocks to trade and at what prices.
From there all you’ve got to do is make the necessary moves. What sets this system apart is that it is more responsive than other stock picking programs. It’s ideal for day trading this way because it can tell you when to buy, but just as importantly, when to sell. This is all in the same day period. No other day trading program today is nearly as reliable this way and while they would have you hemorrhaging profits, Day Trading Robot advises you at the earliest indication, allowing you to maximize your profits but just as importantly to minimize your losses. Fortunately, you don’t have to take my word for it. You can test Day Trading Robot for free for 60 days and enjoy some reliable profits with no risk. Get started right now.
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