Day Trading and general advice on Volume & Float
Posted: August 28th, 2020, 7:19 pm
Hello,
I am looking at Day Trading on UK Stocks.
I have a number of parameters in mind to develop my strategy, whilst being harsh and tight when setting stop losses. I also acknowledge that losses are to be taken and that I should not be 'emotionally attached'.
I have found it very difficult to make any headway on finding answers to certain questions.
My first question is, how do I find information on Volume and Float. I have come across many explanations of it on You tube and blogs but I am not sure that it is correct. I would appreciate it if someone could give me a source and a real example. I have looked at Warrior Trading and seen the strategy that is used in his classes but the terms used are different. If I knew the difference between Volume and Float in absence of the 'noise', I would be more confident. Any assistance would be much appreciated.
The other issue concerns good news feeds that may give me a good indication as to what to invest in, I dont' think BBC or Sky News cuts what is used professionally.
I have started paper trading on SaxoTrader, but would this be the best platform to start out on? I know costs vary, but I would be interested in hearing the opinions/views of others.
Thank you all in advance for any assistance you can give me.
Happy Trading and all the best to you all.
HealTrader
I am looking at Day Trading on UK Stocks.
I have a number of parameters in mind to develop my strategy, whilst being harsh and tight when setting stop losses. I also acknowledge that losses are to be taken and that I should not be 'emotionally attached'.
I have found it very difficult to make any headway on finding answers to certain questions.
My first question is, how do I find information on Volume and Float. I have come across many explanations of it on You tube and blogs but I am not sure that it is correct. I would appreciate it if someone could give me a source and a real example. I have looked at Warrior Trading and seen the strategy that is used in his classes but the terms used are different. If I knew the difference between Volume and Float in absence of the 'noise', I would be more confident. Any assistance would be much appreciated.
The other issue concerns good news feeds that may give me a good indication as to what to invest in, I dont' think BBC or Sky News cuts what is used professionally.
I have started paper trading on SaxoTrader, but would this be the best platform to start out on? I know costs vary, but I would be interested in hearing the opinions/views of others.
Thank you all in advance for any assistance you can give me.
Happy Trading and all the best to you all.
HealTrader