Day Trading Radio Blog Alert - Markets are Changing and HPS Watch List

Published: Sat, 10/13/12

 
 

2012-10-13 19:31:16-04
Markets are Changing and HPS Watch List

When I say changing, I am not meaning direction but in the fact that today's markets are not anything like they were 20 years ago. and they will be different 5 years from now. There is one big thing that has always been the same and that is the risk. Each day I listen to the European squawk and Benzinga for my live news feed, I never had that opportunity back 5-10 years ago. Maybe that was a good thing, cause in this day of news and media. Every event is thrown into the spotlight, if some world financial minister burped you might actually hear it on the news, and that seems to be the directions we are going in the future. 

I mentioned on this week's Video i would be scalping the market more next week, A scalp for me is if I see a short time frame HPS then i will take that entry with a stop under it. I might hold it for .50 or depending on some of the indicators hold it to the end of the day. The main thing is I will sell it before the market closes. ( Just a definition of a scalp for those who might not know the term. A short tern trade taking place inside of 1 trading session. You sell before the close.)

Because I think it levels the playing field for traders that are funded under 25k  I will use my Suretrader Account which I opened a couple months ago. To further update you on that I use it every day. There has been no issue at all with the functionality of the platform. or the execution of the trades. I thought the option section was lacking, but probably cause I really never got familiar with that section.  Either way If you been confined to the pattern daytrading rule and now use Suretrader you probably feel great being able to use all your cash all day long getting in set ups as they approach, and taking profits without the fear of running out of trades or getting your account suspended.

Remember the overall benefit "no FINRA". You are a free trader no restrictions and great margin. Of all the products and services out there that can change for the better a traders journey then it has to be the freedom of trading unconfined.. Monday is "Suretrader Mondays" I just got a great idea...remind me Monday please on the radio...

 

for more info on Suretrader here is my first review http://www.daytradingradio.com/pages/preferredbroker

 

Oh Yeah  here is the High Probability Watch List for this week 

http://daytradingradio.com/10for1000

 




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