Should One Reveal Their Real Day Trading Strategy?

While browsing through various forums which are directly related to day trading activities, I always come across this statement – never share your day trading strategy on the internet. The justifications are plenty. Some of them include (a) more number of people will start using the strategy and thus nullify its effectiveness (b) it took lot of time to discover my unique strategy – why should I share it on the public domains? etc.

It got me thinking; perhaps this is the reason why trading strategies such as camarilla equation and other pivot point formulas never work out correctly everyday?

I would like to know more about your opinion regarding this line of thought.

What Do You Listen To When You Day Trade

Trading the stock markets is arguably one of the toughest professions around. One needs to have precise levels of concentration to take effective trading decisions. Eminent traders who made their marks during their time such as W D Gann often advised traders to find a secluded spot such as a dedicated office with minimum levels of distraction. I strive to follow this advice because I have realized the value of being alone while day trading. The slightest of the beguilement can ruin my day.

Keeping the brain and other senses heightened is likewise advisable. I use music to stimulate my brain cells. Research has already proven that listening to classical music while doing the daily chores augments our efficiency levels by many times. Here are some sources of music, which I frequently deploy throughout the trading sessions.

Nature Music:
1) http://174.123.20.140:8000/
2) http://66.55.144.67:8047/stream
3) http://www.sky.fm/play/nature

Classical Music:
1) http://wnyc-wqxr-ice.streamguys.com:80/wqxr.aac
2) http://www.sky.fm/play/classical

I use VLC Media Player to listen to these streams.

Go ahead. Give it a try. Please be advised that you can use these streams to soothe your mind – regardless of whatever niche of work you are into. A calm and serene environment enables in accelerating our productivity levels.

The list of streams is incomplete. I will keep on adding newer streams over here as soon as I discover them.

Oanda Forex Market Advisory

Found this resting within my email inbox today.

Forex Storm Watch - volatile forex market

Created by OANDA

I am actually surprised with this move from my forex broker. Oanda has this habit of freezing the trading platform during important news announcements along with increasing the spread values to 10 pips. However, this forex storm watch advisory has changed my outlook about them.

Not many brokers will take such an initiative. Thanks for keeping us updated.

Update: Check out the piece of information posted on Wall Street Journal regarding this update from Oanda.

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