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Day Trading Opportunities Are Everywhere



May 16, 2013 – Comments (0)

Almost every trading day we hear about the stock market making new all time highs. Yet, there are stocks and commodities that are in bear market territory. Trading volumes are some of the lightest that we have experienced in the past ten years. Many retail investors and traders are now gun shy in this stock market since the former leading stocks and sectors such as BHP Billiton Ltd. (NYSE:BHP), Silver Wheaton Corp (NYSE:SLW), Southern Copper Corp (NYSE:SCCO), SPDR Gold Trust (NYSEARCA:GLD) have stopped rallying. The new market leaders have been the financial stocks, housing stocks, and Google Inc (NASDAQ:GOOG). In this light volume environment it is very easy for the large financial institutions to keep the major stock market indexes floating higher. After all, remember the old market adage that states you should never short a dull market. A dull market is a light volume market and that is exactly what we have been seeing every trading day for months. 

Now, this does not mean that you cannot make money on a daily basis. Just today, I gave out a short trade on Cisco Systems Inc (NASDAQ:CSCO) at $24.12. The stock is now trading $23.49 a share. That is a 0.63 cent decline in just a little more than one hour. There are day trading opportunities every trading day. Day traders can also be done with work after the first couple hours of the trading session. What other job in the world can give you that type of freedom? 

Now finding these opportunities everyday are not easy. It takes a skill that very few people in the world possess. It also takes practice, patience, and dedication to master these skills. Often, when someone wants to learn to trade they want instant gratification, but it does not work that way. Think about it, if you want to become a doctor, lawyer, CPA, or engineer you cannot practice your craft until you have completed many years of schooling. Then you will need to study under other professionals before you can start your own practice. In the trading world you need to study under someone who has been in the business for many years and model what they are doing everyday. Modeling is the key to success if you ask me. You will also avoid many of the pitfalls that the trader before you has made. That alone could be worth its weight in gold. Remember, the trading opportunities in the stock market occur everyday if you know what you are doing. 

Nicholas Santiago

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