![]() ![]() That’s the case because if you are getting rid of the full amount, you’re not letting the stock go and work in your favor. ![]() And I’m not doing the full scope for you. I might be out about $186, but if it heads in my favor, it continues to head lower, I’ll start buying back these shares. Now, as it continues lower or if it goes above that bar, I’m out. It’s heading higher.ĭon’t get psyched out. I’m not basing it on that is a recent bar. You don’t want to psych yourself out with these kinds of things that you see. But the longer plays I know is heading lower. Why? That’s because I have longer time periods available. I didn’t make my decision, as you can see, based on this exact last bar. Now I go to Best Buy, and now there is my position. Go ahead, confirm and send that in, and it’s filled. If I’m looking short, let’s say I do 300 shares as an example. If I’m looking at a 10-minute 5-minute chart, you say it’s at the top range. In the short term, we’re heading a little higher, so now we might be rolling over. Overall, the long term has been heading higher, but then here we’ve been heading a little higher, and now we might be topping out around 75.Īnd now recently we’ve been heading lower. Now it’s topping out, and maybe it’s pulling back. The more things in your favor, probably the larger the position starting you’d want to do. But if that doesn’t pan out and it doesn’t work out well, ask yourself how many things are in my favor. That’s the typical approach I would like. What I would rather do is have all three of these where stock is heading lower long-term medium term and short term. ![]() Recently we’re heading lower and short-term for the trade we’re heading lower. I would much rather have multiple things in my favor. If I’m shorting it for a day trade, I only have one thing in my favor. It’s telling me that two out of three, in a way, the stocks heading higher. That’s because most of these are heading higher. If I’m looking to go short, well, I’m going to go short for a smaller period. I would much rather look for a turnaround bounce, maybe around 181.25. If I’m looking for this stock to go long, I’m looking for where’s the bounce going to happen. It’s breaking this support line of when it gapped up. And I can see that with this line right here. But then recently we continue to head lower.Īnd more recent also the 10 minute 15-minute is heading lower. This first chart right here tells me long term stocks been heading higher - a little bit of a couple of pullbacks there.Ī medium-term, which is the middle chart, the daily chart (each candlestick represents a day) overall, it’s been heading higher. If I’m looking to day trade Facebook, I know long term right now. And the 15-30 minute will give you the exact entry-exit point. The daily chart gives me more of an intermediate what’s going on here recently. Well, the big-picture chart gives me the big picture where’s this stock. I’m looking for a three-screen version like this. Typically if I’m doing day trading, I don’t do day trading a ton. Let me give you some insight on the screen. I will appreciate if you can show it to us. How do we trade it to prevent false breakup?Īnd the next question is, how do you scan for the high bull stocks for day trading on a very small timeframe in one minute and five minutes. And also the daily charts for support and resistance. The first question is for day trading on a one-minute plan with reference to five minutes. I have a few questions because your video doesn’t answer some of the questions I have in my mind. I enjoy your video regarding day trading and one of your video issues on how to choose stocks for day trading. If you have a specific question you want me to answer, contact us at or submit a voice question here! I’ll show you an actual example here on day trading. Today we’re going to take a look at day trading: 1-minute, 3-minute, and 5-minute charts.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |