Saturday, February 2, 2008

Internet down

last two days i did not have any internet,today i traded from hotel chopenhagen but took a loss
Summery -312

Wednesday, January 30, 2008

Quick short


Market was choppy so i deceided to take quick profit.

Summery: +259

Tuesday, January 29, 2008

What is level 1 & level 2


Level 1 means where a trader can see the bid & ask price & the size. A trader can also see the last price & last size.


Level 2 is more detail ,a trader can see the highest bid & size, lowest ask & size.
On the left we can see open buy limit orders which is called bid, starting with the highest price. On the right we can see the ask prices, which are open sell limit order arranged starting with the lowest.Next to the bid & ask price we can see the size .

Snow white




Order Types traders use:

  1. Market Order - an order to buy or sell a stock at the best bid or asks price. A market order will get filled for you fast, but you might not like the price! By then you have no choice but to take the price and hope your day trade is heading in the right direction. If the market is moving fast and you simply have to get in, sometimes a market order is the only way.

  2. Limit Order - an order to buy or sell a stock at a specified price or better. This is the day trading order of choice for day traders and indeed traders of other types..

  3. Stop Order - an order that becomes a market order when a specified price is reached. This order mostly use to protect a day trading position from incurring larger than acceptable losses . A "buy stop" order is placed above the current price and a "sell stop" order is placed below the current price.

Not a bad day




Summery +442


Round or decade numbers act as huge support or resistance







Trying to be a photographer