'Trading is a process of observing the market's action until such a time you can find and form trading ideas and get involved.'**

Friday, January 27, 2012

5. Second job: Futures trader
Details: A recent survey conducted by TopStepTrader, an international scouting agency that recruits and trains futures traders, found that more than half of the workers surveyed conduct futures trading as a second job. "With the markets open 23-24 hours a day, there is a lot of flexibility and profitability in this career as a second alternative job," says Michael Patak, president and CEO of TopStepTrader.
Potential pay: According to TopStepTrader, part-time traders that trade lightly can earn an estimated $2,000 a month, while active part-time traders can average up to an estimated $4,000 a month.
A profit taking happened today in the market.

But the Nasdaq was not, it rallies mainly due to tech stocks positive sentiments like the AAPL (Apple).




Thursday, January 26, 2012

The market opened on a positive note but runs out of steam to propel the bullish traction from yesterday's Fed trading day.

I guess a profit taking is on the way till tomorrow.

But the bullish trend is still intact.



Wednesday, January 25, 2012

"To be successful in the markets, you have to make the initial conscious commitment to being the best you can be and to love every moment of what you are doing." - TRADING OUTLET
The market made a nice turn around from the negative open and finish on a high close.

A positive Fed trade mainly due to favorable actions coming from the Fed itself.

Bulls are roaring in pandemonium and the bears are in the dark.

As I mentioned earlier in my post, the chart below looks identical from the open yesterday.

Might finish same as yesterday, in between the open and the low of the day.

The market is descending as shown from the Globex overnight session.

Seems a repeat from yesterday's trading session.