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Picking Up Pennies – Live Day Trading

This video is a live feed of “ClayTrader”s attempt to fade the market on a number of stocks. It looks like a video game.  But don’t let it fool you – its a quick, highly instructive look at the realities of trading. Here are the things I liked about this video:

  1. Stop losses
  2. Acknowledgement that he was wrong (how many “gurus” do that?)
  3. Did not cut away from the screen – not once.  So you saw everything though if you blinked you missed a lot.
  4. He talks about how many days are just bad trades.

What I did not like:

  1. No explanation for why he was fading the market
  2. No explanation for how the trade was selected.

 

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