Knowing very
little about the stock market except how to lose money, we became fascinated with the
concept of day trading.
After learning the hard way that the professional analysts really
have no way of knowing what the market is going to do or how an individual issue is going
to respond to news, we decided to study with a gentleman who uses time-tested
techniques for buying and selling. Pascal Monmoine has taught
us to never respond to news, advice, tips, or hunches in making buying and selling
decisions.
We allow the market to respond to news events,
get in
quickly either up or down depending on the response, and get out after a
reasonable profit can be realized.
At first we traded in small quantities to get accustomed to using
XYZ (name of broker) and QCharts, and to get accustomed to spending thousands of dollars with the push of the
mouse button. Our first few trades were small losers because of simple mistakes. (We
recommend that all traders follow Pascal's advice of making a set of personal DT rules and
following them to the letter. This eliminates repetitive mistakes).
Since then we have been very successful.
As of today we are up 19% on our initial investment. This is from part-time
trading in small quantities. We are regularly making 5% on in and outs of just a few
minutes. With more confidence, we will see those percentages climb as we stay with a
position longer.
I heartily recommend Pascal's teaching to any serious DT candidate. His system
works for us.
The good news is that he is continually searching and studying to improve on
his methods and create new ones for his students.
Also, I am impressed with his genuine concern for our success.
Mike
L.
PS:
Great day for me today!
- Made
0.75 on
DELL
in 2 minutes on
P2
- Made
0.31
on PSFT in 2 minutes on
P2
- Made
0.5
later on PSFT in 4 minutes on
P2
Best day so far.
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