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About Mark Hodge
(Top Expert on this page)

Expertise
Questions related to technical analysis, strategies, risk, trading plans, trading psychology and money management. Experience in trading all markets and timeframes with expertise in futures (e-minis, currency futures, commodities, European Markets-DAX) and equity options. Unfortunately I am not allowed to offer any specific trading advice (i.e. should I go long the DAX today).

Experience
I have been involved in the industry since 1995 working for Morgan Stanley Dean Witter and American Express Financial Advisors before becoming a full time trader. As Head Education Coach with Rockwell Trading I have coached hundreds of students around the world to achieve their trading goals with simple strategies, a sound trading plan and proper money management for the leveraged markets.

Organizations
Currently serving as Rockwell Trading's Head Education Coach www.rockwelltrading.com and moderator for Rockwell's Day Trading Forum at www.rockwelltrading.com/forum

Education/Credentials
Formerly licensed as a financial advisor with Series 6, 7, and 63 licenses. B.A. in Organizational Communications with a Business Minor from California State University, Sacramento.

Past/Present Clients
I have worked with institutional traders, brokers, proprietary trading firms and private traders but respect their anonymity.
One of the few distinguished World Cup Advisors www.worldcupadvisors.com
   

You are here:  Experts > Money > Day Trading > Day Trading

Questions Answered By Expert  Mark Hodge 
In Category  Day Trading

SubjectDate Asked

strict day trade definition question.10/9/2008
  Q: If I buy 100 shares of stock xyz today, then sell it the next day but end up buying it back on the ...
  A: The Pattern Day Trader rule is meant to "protect" traders with smaller accounts from the "risks" of ...
Stock Index10/7/2008
  Q: In lay terms define the term "Index" as it refers to the Dow for example. Just what does a "point" ...
  A: I'm sorry for the delay, but I've been busy with a week long futures trading boot camp this week and ...
OPTION PREMIUM9/20/2008
  Q: I am looking @ GS options but the premium is unbelievably expensive. What is the most prudent way ...
  A: MOST options traders prefer to be SELLERS of options when volatility is high, to profit from the ...
Dollar Index9/18/2008
  Q: What do the amounts on the chart of the dollar index represent? For example, on the index, the ...
  A: The number represents the value of the dollar AGAINST a basket of other currencies. So right the ...
OPTION PREMIUM9/17/2008
  Q: I am looking @ GS options but the premium is unbelievably expensive. What is the most prudent way ...
  A: It has been a wild week on Wall Street and when uncertainty hits, option premiums typically go up. ...
Stock market technical question9/17/2008
  Q: I have always wondered about some things on how the stock market really works. To begin with this ...
  A: Welcome to the wonderful world of trading and investing, where many times things just don't make ...
Dollar Index9/15/2008
  Q: What do the amounts on the chart of the dollar index represent? For example, on the index, the ...
  A: The US Dollar Index $DXY is an index that measures the value of the dollar against a basket of ...
trading8/26/2008
  Q: is it possible to impliment a trading strategy where you make profits, wether the market goes up, ...
  A: Strategies typically fall under two different categories: 1) Trend Following 2) Trend Fading Trend ...
Trend & Trading Range8/13/2008
  Q: Can you define "current trend" and "trading range" if a chart indicator gives a sign that a current ...
  A: Markets move in three directions: 1) Up 2) Down 3) Sideways An uptrend is typically defined by a ...
Chart Time Periods7/29/2008
  Q: What chart time periods (minutes and hours) are used for a short-term, medium-term and long-term ...
  A: Moving averages should really be used to identify opportunity, and give a trader the ability to spot ...
I am new to stocks and trading.7/23/2008
  Q: I would like to make some extra money. Stocks seems like a great way to do that. I do not have a lot ...
  A: If you are serious about learning to trade, I think there is never a better time to start. However, ...
Penny mining stocks7/16/2008
  Q: I am emailing on the behalf of my grandmother who lives with me and I am helping with he business ...
  A: I would encourage you to take a look at the following link through the SEC. ...
Options buying and selling7/11/2008
  Q: I have two questions. First, different brokers have different margin requirements for selling ...
  A: I apologize for the delay but was traveling. I'm not quite clear on your question about brokers ...
Time Frame & Period7/8/2008
  Q: Here is my original question. My follow-up is under your reply. On some advance charts the charts ...
  A: With the chart software you are using, you have the option of selecting the time-frame (1 min, 5 ...
shorting7/7/2008
  Q: sometimes when trying to sell a stock short my brokerage firm sends me this message, "short sales in ...
  A: Yes, it is possible that one brokerage will not permit the short sale of stock while another ...
Leverage of options and futures6/12/2008
  Q: When using leverage in options or futures, are you allowed to choose how high or how low your ...
  A: The overnight margin for positions held overnight is standard and set by the exchanges. Day trading ...
Leverage of options and futures6/12/2008
  Q: When using leverage in options or futures, are you allowed to choose how high or how low your ...
  A: My apologies, YOU are right. In attempt to make my answer simple, I believe I made it misleading. ...
Leverage of options and futures6/8/2008
  Q: When using leverage in options or futures, are you allowed to choose how high or how low your ...
  A: I'm sorry for the late response! To answer your question, you cannot select the amount of leverage ...
Multiple Screen Trading5/17/2008
  Q: Hello: I know that it is common for some traders to use different time frames to analysis a ...
  A: When using multiple timeframes, a trader tries to identify the longer term trend with a larger time ...
Technical Tools5/2/2008
  Q: I have been having some success trading 30-40 day credit spreads on individual stocks, starting ...
  A: Sorry about the delay! Would you mind emailing me at support@rockwelltrading.com I think we have ...
Technical Tools4/27/2008
  Q: I have been having some success trading 30-40 day credit spreads on individual stocks, starting ...
  A: I was tempted not to answer this because I haven't traded credit spreads for a long time. I like ...
Blogs and Chat Rooms4/26/2008
  Q: Mark, I've been day-trading for a few years and do rather well, but I'm coming to a standstill now. ...
  A: I'm a bit out of the chat room and/or blog circuit but I think the following websites are GREAT for ...
Pivot Points4/17/2008
  Q: When pivot points are calculated, should they be calculated from the previous day or as current as ...
  A: Here we have your typical pivot point calculation: Pivot Point (PP) = (High + Low + Close) / 3 ...
Pivot Points4/15/2008
  Q: When pivot points are calculated, should they be calculated from the previous day or as current as ...
  A: There are several ways to calculating pivot points, but the standard is using the previous day's ...
PDA for day traders4/10/2008
  Q: i am looking for a really really reliable PDA to have a real time ticker at my side all the time. ...
  A: I REALLY hope that this is JUST "in case" ;) I couldn't imagine attempting to do much trading from a ...
Multiple Charts3/21/2008
  Q: Why do some traders use different timeframes or multiple charts when trading online? I thank you ...
  A: A trader's number one objective is to spot opportunity. Opportunities might come in different ...
buy to cover3/19/2008
  Q: but after shorting a stock I noticed the price type button appear, I cant understand why it would be ...
  A: I want to start off by recommending that you consult your broker if you have ANY order entry/exit ...
charting3/17/2008
  Q: I've heard a few traders talk about "charting". I get the impression this is a specific ...
  A: Charting really just refers to how price and time is organized on a chart. This could include ...
finding a plan3/9/2008
  Q: I have read through a lot of the Q&A posted on this site. The most important thing that i see is, ...
  A: Hey J.R., I'm glad you're excited! Trading can definitely be fun and exciting, and VERY rewarding. ...
finding a plan3/5/2008
  Q: I have read through a lot of the Q&A posted on this site. The most important thing that i see is, ...
  A: R., Keep the questions coming! I'll do my best to answer as my time permits...trading and coaching ...
finding a plan3/3/2008
  Q: I have read through a lot of the Q&A posted on this site. The most important thing that i see is, ...
  A: R., I commend you for taking the time to learn as much as possible about your trading, and your ...
wash rule2/29/2008
  Q: Does the 30 day "wash " rule apply to options or short sells, or is it strictly applied only to ...
  A: I always encourage traders and investors to consult a tax professional for tax related questions, as ...
trader2/29/2008
  Q: SIR, how much % return p.a. consider avrage, good, very good for any trader? ANSWER: Hello Jig, ...
  A: I know that many AllExperts users browse previous questions that have been asked and answered, and ...
Currency Trading System2/11/2008
  Q: I saw this currency trading system at the following site: http://www.simpleforexsolution.com/ Could ...
  A: There really isn't enough information for me to determine whether this approach could be profitable ...
company coming out of bankruptcy1/31/2008
  Q: I am looking at re-investing in a company that currently is in Chap. 11 bankruptcy in order to ...
  A: Unfortunately I'm going to have to offer a mixed response here. 1) Not knowing the specifics behind ...
technical charts1/8/2008
  Q: Sir! where can i learn technical charts used for stock trading? which software can be used to ...
  A: If I understand your question, you are looking for stock charts to view price and technical ...
price action12/30/2007
  Q: you asked me to be more specific. the consecutive matching lows, double bar high with lower close, ...
  A: Jack Schwager is a great guy and great author. This is a book I have not read so I cannot comment on ...
Position sizing12/20/2007
  Q: I'd like to ask you how is position size determined when there is more than 1 position opened. Let ...
  A: Let me begin by saying that the "intent" of using money management when investing is two-fold. 1) ...
trading simulator12/17/2007
  Q: Is there a software package or service that allows me to pick certain stocks and indexes and will ...
  A: Many major brokerages offer free simulated trading that includes quotes, or streaming quotes. This ...
price action11/26/2007
  Q: you asked me to be more specific. the consecutive matching lows, double bar high with lower close, ...
  A: Price action can vary depending on the interpretation. Some people trade using price action by ...
Making money in Day Trading:11/26/2007
  Q: I have read that 95 % from day traders loose money. Is it true? if true, then... making money in day ...
  A: YES! I definitely think technical analysis is the right way to trade, ESPECIALLY in the short term. ...
Making money in Day Trading:11/23/2007
  Q: I have read that 95 % from day traders loose money. Is it true? if true, then... making money in day ...
  A: Day trading can be very fun and rewarding, but you are right that many traders experience challenges ...
Stocks11/15/2007
  Q: how are you doing? I have a friend that uses a stock broker to buy his stocks. He puts a lot of ...
  A: I'm doing great, thanks for asking! In regards to your question, a lot has changed in the last 10 ...
investing11/8/2007
  Q: What do you think of the Blue Book investing theory? The Magic Formula.
  A: I believe that you are referring to Joel Greenblatt’s “The Little Book That Beats the Market” and ...
day trading10/20/2007
  Q: I am interested in learning about day trading but I dont have any prior knowledge of the subject. ...
  A: Well Tristen, I definitely don't want to discourage you from your interest in trading. Investing and ...
day trading10/18/2007
  Q: I am interested in learning about day trading but I dont have any prior knowledge of the subject. ...
  A: Day Trading provides many financial opportunities to individuals who have the patience, discipline ...
day trading10/17/2007
  Q: I am interested in learning about day trading but I dont have any prior knowledge of the subject. ...
  A: Trading is a great way to supplement your income or begin a new career. Unfortunately there are too ...
trading10/10/2007
  Q: I've been trying to learn how to trade the forex, but I'm having a hard time figuring it out. I have ...
  A: To day trade stocks you will need $25,000 but to day trade futures you can get started with $5,000. ...
Day Trading Information10/10/2007
  Q: I’m Jeff, and I am very keen on starting to make money in the market. Being in my early 20s, I know ...
  A: Day Trading is fun and exciting, but many people fail at day trading because they lack discipline or ...
trading10/6/2007
  Q: I've been trying to learn how to trade the forex, but I'm having a hard time figuring it out. I have ...
  A: I want to begin with a brief comment on trading in general...Whether it be stocks, commodities, ...
trading10/4/2007
  Q: I've been trying to learn how to trade the forex, but I'm having a hard time figuring it out. I have ...
  A: I must begin by saying that as a futures trader, I'm a little biased when it comes to Forex trading. ...
Earnings releases9/25/2007
  Q: Mark, What, in your opinion, would be the best way to trade earnings? And what would you regard as ...
  A: I want to begin by saying that trading earnings can be very difficult. I know of a few traders who ...
IPO Allocation9/12/2007
  Q: Mark, Recently i have applied for IPO with price ban of 50 -59 my friend told me that only the guys ...
  A: WOW you took me back a bit. I haven't really traded IPOs since the late 90's. When an IPO is ...
Realistic ROI per Month/Year9/10/2007
  Q: My 2nd question is what is a realistic rate of return for traders with a 50k account in your ...
  A: To answer this question, an individual should address the following: 1) Experience 2) Account Size ...
Partial Exits9/10/2007
  Q: Hey Guys, This is a question for all daytraders, mainly equity traders. I am a daytrader and very ...
  A: This is really a trader's preference and dependent on the strategy that is employed. If a more ...
Forex9/6/2007
  Q: i would like to know how does a currency pair fluctuate or moves in a particular day, even if one of ...
  A: The currency market is a 24 market and doesn't close except for the weekend. The currency market ...
4X Position Sizing, Money Management7/24/2007
  Q: I'm just about to go live with a Forex account (have been demo trading for 4 months now) and am ...
  A: I want to wish you great success with your FX trading and congratulate you on your decision to BEGIN ...
Regression Channel7/18/2007
  Q: Do you have experience using the regression channel or least square (tool) it's presented by some ...
  A: I don't use the regression channel with my own technical analysis and/or trading, so I might not be ...
Stock market day trading7/17/2007
  Q: I am very new to trading and had not invested yet.I am looking forward in investing on day to day ...
  A: The good news is that you have TIME to day trade (the first step). The bad news is that I don't ...
Stock market day trading7/16/2007
  Q: I am very new to trading and had not invested yet.I am looking forward in investing on day to day ...
  A: I want to begin by congratulating you on your interest in learning more about trading. Trading can ...

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