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theMKR

theMKR

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DukeCS33 said:
For those who are interested in trading, I would share some of my intraday trading routine:
1. I scan the market for potential gappers - stocks that have released earnings, stocks getting upgrades or downgrades, or have news that may potentially move it and those that attract high premarket volume
2. I look for stocks that are at least $15 and has average volume of 1m per day. These are stocks that will attract institutional play and you always want to have momentum behind moves for intraday scalps
3. Decide a bias for the day... look at futures, potential economic release, premarket then trade my shortlist in the direction of both the index bias and specific direction that the stock may trade due to the news, earnings etc Always follow the direction of the main index... it typically leads the indiv stock that one trades by some 5 to 10 mins.
4. Sometimes, it gets tricky - gaps may fade or may runaway - and one may not be able to spot the retracement - that's where technicals come in.... I always trade only if there is a technical formation - be it trendline or horizontal support or resistance, looking for breaks or support or resistance to hold.

Once you are comfortable, this can be quite routine.... on a fast day, I can wrap up trading within the hour... on a slow day, it may take 3 hours. This is often harder than swing trade but it can be more fun and exciting (provided the market moves in your direction)
Click to expand...

SHOP got a lot of negative news release this week, but it shot up from 252 to 264 within 2days :eek:

so whats the catch? give fake news hoping to buy for the cheap?
 
theMKR

theMKR

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DukeCS33 said:
Well S&P rose right? Did price trade lower after jp morgan downgraded and was jp morgan the first to downgrade?
Click to expand...

yes, after downgrade pre-market went from 245 to 242. but open market it shot to 252 market close. the next day closed at 264.

maybe today it will close at 277 again lol
 
D

DukeCS33

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theMKR said:
yes, after downgrade pre-market went from 245 to 242. but open market it shot to 252 market close. the next day closed at 264.

maybe today it will close at 277 again lol
Click to expand...

In this case, the strong open market movement is already a big indication that you should not short the stock. Respect the price action and the trend.

Can you recall that when you were thinking of going long BABA and I said I would join you. When the market opened and it traded lower than premarket, I decided against it. But when it does break above pre market highs, I would have interest to go long; subject to certain technical criteria.

Now my reference is intraday trading and not swing trading... so hope we are talking about the same thing.
 
theMKR

theMKR

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DukeCS33 said:
In this case, the strong open market movement is already a big indication that you should not short the stock. Respect the price action and the trend.

Can you recall that when you were thinking of going long BABA and I said I would join you. When the market opened and it traded lower than premarket, I decided against it. But when it does break above pre market highs, I would have interest to go long; subject to certain technical criteria.

Now my reference is intraday trading and not swing trading... so hope we are talking about the same thing.
Click to expand...

yeah, i was dumb AF.....

i got into long BABA and exited before it shot up..... then i went deep long cronos but exited later after 0.1 raise.
because i wanted to free up money to trade other stocks which were moving faster.... end up i lost money.

should have just hold baba/cronos and went to slp lol
 
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tsipacse

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Seeing a strong hourly close in ES futures in the last hour. Looks like the cash S&P is gonna open higher later..
 
revhappy

revhappy

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Account funded and all set

aIagEAs.jpg
 
Mecisteus

Mecisteus

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revhappy said:
Account funded and all set

aIagEAs.jpg
Click to expand...

I know you can't resist the temptation.

You have been flip flopping for the past 1.5 year.

Try to work hard on the psychological aspects.

And I hope you don't crash the market the moment you go long.
 
Mecisteus

Mecisteus

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revhappy I know you very well.

Soon you will fund more money. Then more money.

And you will sell everything. Close account.

The cycle repeats. =:p
 
Mecisteus

Mecisteus

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ForexChartingSexpert_474 said:
You seem a retiree ah?:s13:
Everywhere in HWZ having your trace.:eek:

In FCS view? Your Investing / Trading Skills....Well, still considerably below novice children levels :s13:


MikeDirnt78 ah, pot calling kettle back? Look at yourself first....Ok?:s13:
Click to expand...

I don't want to disturb the other thread.

MikeDirnt78
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Join Date: Jun 2002
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Look at you. So shameful. I am being paid while posting in HWZ. While you, must spend money on new SIM cards to register new accounts.

ForexChartingSexpert_474
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