psychology

Price Patterns and Timing Principles: Market Maker And T.O.S. Screens

This article describes the „market maker“ and „time of sale“ (T.O.S.) screens as well as the stock „ticker“ screen. The market maker screen will help wiih 2 things:

  1. To determine which stocks you are willing to trade, and therefore which stocks you want as part of the ticker of stocks that you follow.
  2. To aid in timing the best moment for entering and exitinc trades that are described in the 5 minute and daily bar chart setups.

The time of sale (T.O.S.) screen is used in conjunction with the market maker screen for timing trade entry and exit.

Trading the Market Open VS Post-open Periods

I tend to trade the post-open periods far less frequently than when I first started day trading. Now, my goals are to start premarket preparation at about 8:45 a.m. and be finished trading by 10:00 a.m. EST. With $20,000 capital, I would look to get between $500 and $1000 per day when I win, and to keep losses minimal, less than $200, when I don't. Trading the market open period gives plenty of opportunity to make between $50,000 and $100,000 per year.

Trading psychology: Obstacles to Trading Success

There is plenty of information in this book and others that tells actual and aspiring traders how to make a profit. Lack of information is not an obstacle. What is an obstacle is people's beha­vior. Too many people don't know how to accept success when it comes along. They need adversity to strive against, rather than being able to maintain focus on winning consistently. This is not a conscious decision by any individual trader.