Saturday, October 17, 2009

Paper Trading the Stock Market

Signed up for http://simulator.investopedia.com their simulator charges $29 per trade. Which is kind of high, I do have a $100,000 account so I could just buy 10 times the stock and that would make the commissions 2.90 which is about what I am paying at sogo.

I tried to buy more shares and it tells me:

"A maximum of 459 shares can be bought due to the diversification rule."

to offset the commissions I would need to trade around 10,000 shares so that's a bit of a problem.

I remember now looking before and could not find a simulator that worked right.

http://www.mydaytradingtutor.com/news/ - when your looking for sites about the stock market about 99% of them are out there with only one objective, to tell you anything they can think of that will get you to part with your money.
This site looks like it might actually be one of the 1% that is not completely fake.
it is a forex trading site, not sure I want to make that big of a change and start looking at forex right now.

Trying to keep my changes small for a while.

I have been noticing that some afternoon moves seem to be predictable based on the volume.
Before I was trying to just take break outs, but recently I have noticed that if there is a break out and then some larger than normal volume comes in, and the price stays above the breakout then it has a much better chance of working for the next 15 minutes or so.

If the price immediately goes back down with little or no volume behind it, then it seems to fail more often.

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