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[panoramix]

Haitiwebs: That's good info, I have a lot to learn before I invest real money. I'll have more time to research companies after my board exam.

Al: Finance courses shows you a bunch of cases and example where companies went bankrupt with speculation. The one I remember is about a bank, the guy was supposed to wait for arbitrage opportunities instead he daytraded and lost a bunch of money while cooking the books. The Bank went bankrupt and got sold for 1$. Do you know this story?

[haitiwebs]

Daytrading is not for novices.

You need at least four monitors in front of you to watch the candlestick draw before your eyes with hundreds of thousands data in a fraction of second, constantly changing. The best way to put it is like the pulse of the market. You see the stick inflate, get longer, get fatter, make the turn, all that in less than a second, and according to that curve, you click to buy or sell instantly. Japanese Candlesticks help you recognize the patterns of that curve and you know what every single one, black or white candlestick means, their plunge, their reversal etc... 90% of the time they are right.

[Al Saqr]

Originally Posted by haitiwebs

usually when a stock has such low trading it is being manipulated. In that case probably by one family in Mexico. They transact to drive it up and once they have a prey, they quickly sell it.

You also need to look at the spread between ask and sell

HNZ (Heinz) is one of these stocks. I don't know what does that means.

Does Kerry manipulate poor little traders like us ?

Originally Posted by Panoramix

Al: Finance courses shows you a bunch of cases and example where companies went bankrupt with speculation. The one I remember is about a bank, the guy was supposed to wait for arbitrage opportunities instead he daytraded and lost a bunch of money while cooking the books. The Bank went bankrupt and got sold for 1$. Do you know this story?

I know the case of an Italian banker who was laudering money for the mafia day-trading options (what I am doing). He lose all their money. They wanted his head cut off. He had to steal the bank's money (ie the regular clients money) and he was then caught by them, but the money had disappeared.

Haitiwebs > Isn't that way too much info to look after ? And aren't the bank fees too high ?

Mmh... Anyway I think that there are special accounts for active daytraders, with special fees.

But I don't do that : I'm only doing day to day trading, and I've good returns (you've seen them lol).

Today was the worst day of the month to trade options : they expire today. The stocks never move a lot this day, and you automatically lose money.

But the 4 days before this one are very interesting : the option's premium is extremely low You can make big bucks with little moves.

Enfin ce sont certaines de mes idées. Si vous voyez des failles n'hésitez pas à m'en faire part.

[haitiwebs]

here you go. The body is the volume for that period, a period could be a second, a day or a month, depending of the chart you are looking. In day trading you look at the second.

Each candlestick has the entire history of the stock for that period. Opening price, closing price, volume.

The more volume there is, the shorter the top or bottom stick are. A candlestick with no stick is called a marubozu which could be either good or bad, the white being the good guy.

So every second a candlestick is formed. A group of candlesticks indicates a pattern, bearish or bullish. And this is what the Japanese understood since the 17th century from trading rice.

[haitiwebs]

A reversal pattern from bearish to bullish will be represented by a long shadow with a short white body at the top, virtually with no shadow, it is called a "hammer" then you buy, buy, buy and buy your way to the bank

[karizmua]

Okay guys,

How do I increase my total earning value? I'm reading in the background important information. I don't recall learning any of that in class!

[haitiwebs]

What do they teach in classes now a day? Chart reading are the basic must for investing, be it short or long term.

[karizmua]

It was in 2001 that I was a senior in HS (I don't know what they teach now ). I took macro-economics in College, but they only cover the basics including chart reading but not in depth. Keep in mind, finance is not my field of concentration. Are you going to teach me something, plz?

[haitiwebs]

If you want to learn, be nice to Al and ask him. This is a case where l'eleve a depasse le maitre.

[Al Saqr]

Originally Posted by haitiwebs

The more volume there is, the shorter the top or bottom stick are. A candlestick with no stick is called a marubozu which could be either good or bad, the white being the good guy.

Aren't marubozy always great ? You see white one ==> you buy, you see a black one ==> you go short.

^_^ My favorites are gaps You can make lots of money with them, and because they're made in pre-market (or post-market) they can easily be wider than any marubozu !

They're easy to see : reversal candlestick pattern + low volume + hehehe something else

Edit : that's how I made 2,800% on AMD last week, and almost that on GOOG last year. Gaps Are Just Greats !

Tsss... Youngsters don't bother to learn candlesticks ? We elders know better.