Trader Mike

I guess I need to keep the “how I trade” post at the top of the site and put in in flashing lights or something. I wrote that post to answer 95% of the email I recieve yet I still get the same questions over & over. I ‘d better hurry up and make a FAQ or something. Here’s the latest email:

Mike,

I read with interest your post from tonight. I have a question, if you don’t mind: how are you able to monitor so many stocks? Could you please describe the process a little bit? Do you use just the watchlist from briefing.com that you post each morning? And then do you manually scroll through …

I’ve had several people ask me for more details about my trading process and the software that I use. Hopefully this post will answer those questions. Please leave any other questions n the comments section. I’m going to run through the hardware and software that I use as well as how I manage the actual trades.

What I’m Trying to Accomplish

As you know on any given day there’s a ton of market data to process. I try to get the computers to do as much of that work as possible. My focus is first on identifying the ‘tone’ or direction of the day — bullish (up) or bearish (down). Once I’ve done that the computers help me to find the best setups for the market conditions.

The good folks over at Trade-Ideas are providing my readers a 7-day free trial of their service. Just be sure to sign up via my special (affiliate) link. (Update: the free trial period is offered to those who sign-up with non-free email account (i.e., not yahoo, hotmail, etc.) for control purposes.)

I’m very impressed with Trade-Ideas so far. In fact after I used it on Tuesday for the first time I ran out an bought another monitor just so I could have Trade-Ideas displayed on it.

Once you sign up be sure to go through their video tour. Note: be sure to watch the introduction to volatility and the …