Please leave your trading questions here and I will answer them this weekend.
Conversation
How often do you use the 5 min day chart to take trades.
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Do you think SP close yesterday was due to shorts covering or do you think we will see higher than 4637 this week due to a real solid bounce in the market?
What are the qualities of a good stock to daytrade that I can identify in the premarket?
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So I got in $SPI early Wednesday and missed that it popped up over 30% ah on good news yesterday. If I’d seen, How do you determine percentage wise how much to take profit on knowing it’s a stock with history of a big run? Especially since it popped and didn’t come down.
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Take the profits when you’re up. 30% sell half. Then stop out at break even if it comes back down.
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What scalping strategies do you use and do you have any setups you look for or is it all just based on the Moving averages
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So many questions.
1. Where does one fine the data?
2. What is the best trading platform to use and is it best to use more then one?
3. What is the first thing a trader should look for?
4. Most traders will naturally identify with companies they see every day like Apple…
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I’ve seen you refer to ToS. Is that the only platform you use for trading and research or is there something else?