The idea of this website/service started with a challenge of wanting to participate in trading the market, but do so while having a “day job”. You have likely arrived at this site because you believe that you can do better than just parking your money in ETF’s and or mutual funds for the long term. Many folks have jobs that prevent them from accessing their computer (either because of limitations where they work or being on the road) and it became an obsession of mine to create trading resources that aid that group in the process of actively trading the market(s) but effectively doing it “off-hours”. By that I mean preparing for the trading day by creating trade orders that enable us to do that off hours, and then have those trades execute during the trading day while we are at work. We can do different styles of trading (i.e. Long term, Swing and short (day) trading) using these techniques.
We first have to define the steps that are necessary in the process:
1- A process or for identifying and selecting the optimal trade (i.e. which type Stock or Option, etc) fitting into our desired trading time horizon and risk levels
2- Structuring the trade order for Entry, and Exit (both for Profit and stop loss).
3- The “off hours” management of the trades on a nightly basis (if required).
The goal of this site is to guide you through the processes and techniques that can be done to achieve this. Stay tuned for more information and ideas on how to do this.