Waiting for Friday. Spending the time playing market games, trying to correlate charts with market news and events, and generally trying to learn as much as I can in the hopes that it will improve my yields.
Today's discovery: Gappers. Gappers that gap downwards almost NEVER gain value in the following day. Gappers that gap upwards USUALLY gain value during the day BUT their percentage gains are unlikely to be noteworthy,
thus I will not seek them out to trade in them.
In game playing I've seen clear evidence that stock prices fluctuate much faster than my charting program (TC2000)
can capture, in many cases. I've gotten quotes during the game that fluctuated by several cents per share over a period of seconds, and never saw that movement on the chart.
I swear I can feel it when people are about to trigger a sell-off. I've watched many stocks second by second and said "Selloff coming in a few seconds....."...and it happens. My instinct has been to (so far, always) sell my position on
the climb BEFORE the selloff hits.
If I were to be so foolish as to say that the market is predictable through the day, I would say that it is LESS predictable
after lunch and MORE predictable before lunch.
I'm trying to learn where people are getting the information that leads to stocks taking a big jump at the opening bell.
There's a lot of potential in getting to that position.
I need to see which brokerages offer early trading, I guess.
I've found that 4-traders.com seems to offer the best stock related news feed I've encountered so far, but I have not yet tried any paid services and can't justify the expense at this point.
I went all in with my available account. Which was a little under 1700 dollars. Cash, no margin.
For some time to come, I'll ONLY be playing "all in" as the account is so small. At this stage, the fees are the first
consideration for me to beat. The bigger I can play, the less those fees will matter.
So to keep fees to a minimum, I play with my whole account and buy and sell just once per trading day.
I will revise that strategy in the future as the account (hopefully) grows.