Tuesday, September 25, 2007

9-11 and the New York Stock Exchange

investments & trading

9-11 and the New York Stock Exchange By J. Foley

Maybe no event in American history was as dramatic as the attacks of September 11, 2001. When the attack on Pearl Harbor happened, we had live radio broadcasts bringing updates, and the next days newspaper how photographs of the carnage, but with 9/11, we had live, crystal clear television pictures beamed right into our living rooms. While we still take pause to think of that horrendous day, the world’s financial markets took a hit like they never have before as the ripple effect from Ground Zero was felt all around the world.

When the attacks happened, and because of how close the World Trade Centers were located to Wall Street, trading wasn’t even started. Everyone that had shown up to work that day was told to stay inside until it was safe. Many people inside the exchange reported feeling the ground shake as the two towers collapsed, and the exchange became a refuge for those fleeing the giant cloud of dust, smoke and debris that appeared once the towers fell.

The buildings that hold the New York Stock Exchange were not damaged during the attacks, but a major telephone bunker than held the phone system for the entire area located near the World Trade Center was severely damaged, hence making communication on the floor of the exchange impossible.

The stock market remained closed until September 17. It would turn out to be the longest that the market would remain closed since 1933 and the Great Depression. During it’s first day of trading after the attacks, the market lost over 680 points, the single biggest one day drop in the exchanges history. While the drop only accounted for a little over 7 percent, it is still considered a major event. By the end of that first week back open, the Dow Jones had lost over 1360 points or 14 percent of its value. It would go down as the worst week in market history. The total money losses during that time were estimated to be around 1.2 trillion.
The events of September 11 led to a dramatic increase in security around the exchange, as many feel it could be a target in future attacks.

The events of 9/11 will live on in the minds of everyone who lived through it. For those who had shown up for a day at work on Wall Street, the event is difficult to forget. The NYSE came through it stronger and so did the nation.

Article Written By J. Foley

Thursday, September 06, 2007

More About Day Trading

investments & trading

More About Day Trading By J. Foley

You don’t need to know everything about day trading to succeed as a day trader. Whatever percentage you choose to ride on a single day trade, the idea is to ensure that no single trade is really going to significantly affect your day trading float, positively or negatively. You need to position yourself so that you can endure long strings of losses, and maintain your day trading system.

An experienced day trader will focus on the trade entry points, but also on the trade exit points. Some investors can become addicted to day trading. As long as you consistently follow the rules layed out by a well designed trading plan, you can count on steadily growing your trading account.

Every successful day trader must be flexible, alert and feisty. Many day traders make dozens of trades every market day hoping to capture profits that arise from small intraday price fluctuations. A day trader may sell a stock if it goes down only two or three cents.

Day traders aim to make small profits on a large number of 'intra-day' transactions. Don’t begin your day trading with money that you can not afford to lose. You can start Day Trading with as little as $750 if you decide to trade using a spreadbetting account rather than a standard broker.

Day traders, both institutional and individual, play an important role in the marketplace by keeping the markets efficient and liquid. Many day traders end up losing a lot of money because they fail to make trades that meet their own criteria. Day trading is like running any other kind of business. It requires planning and expertize. Are there effective methods for day-trading?

The general rules for day trading are always trade with the trend, always cut losses short , and never get emotionally involved in your trades. A Day Trader attempts to produce a profit within a single trading day. Risk management is crucial if you want to have any hope of becoming a successful trader.

Before starting out in the Forex daytrading market we need to make sure we understand the basics of daytrading. Day traders must watch the market continuously during the day at their computer terminals. Access to timely information and fast execution of trades is essential to day trade successfully.

Daytraders frequently find day trading to be exciting. Successful day-traders believe in their indicators but also are aware that nothing is 100% foolproof. Good day traders generally sell into good news and buy on bad news.

In the simplest terms, day trading is the purchase and sale, or sale and purchase, of a security on the same day. Day trading, the business of trying to make money by buying and selling stocks for oneself throught the day, is an extremely risky business. Day trading is not something to jump into without considerable thought.

As with all trading activities, daytrading carries a great risk. Is successful day-trading more luck than skill? Did you know that a successful trader can lose money on 9 out of 10 trades and still make money? Daytrading can be fun, but also stressful.

Curious About The First Commercially Available Stock Trading “Robot” Which Earns $346.77 Per Week (Managing $1000 Capital

Article Written By J. Foley