CHAT ROOM
first hour range is an important zon
) ChatModerator: I watch futures and yes it can often tell you what kind of day this is
if an index breaks a defined area of support
, no long buys. goldman35
osc
-60 is pretty oversold -70 is u back up the truck
Dano - stay with...
... the stocks that act well, avoid the rest
ChatModerator: sure I live on
1 hour and 4 hour and daily AND the 1month hourly
Dano: doesn't anyone ask...
: What is the P.E on BABA at $60 per share? Dano: what is the ROI Dano: or Growth rate Dano: or has it flattened out
Stops
: You should use the Golden Rules on the site or you can use the 10 day or 21 day simple moving average as a stop. Stops should never be more than $2 under the TBA unless Dan mentions an exception.
dan, do you do much day trading?
: day is good for small sizes Dano: 1-10k shares
leveraging your gains
ChatModerator: It means I am risking profits for more
Ninja
ChatModerator: need to use Ninja or somehting for charts ChatModerator: actually I think they have Mutlicharts built in now ChatModerator: I own that one ChatModerator: it works well ChatModerator: TradeStation copy KaBoooom: Yes -- now teamed with Multi-Charts so tools improved...
does Dano buy on the dip
ChatPolice: Yes Jef, if the overall trend is up
How much significance does institutional ownership % factor
Dano: not much michelle
recession now?
Dano: tbills Dano: short term Dano: 30 day
DANO
EPS .59 cents x # of shares out = earnings for the quarter
choppy markets
Few people realize what a gift it is to avoid bad choppy markets. Dans Meter is a good sentiment read on how healthy the market is for momo trades.
Surfergirl2 -charts
I always try to see all of the possible patterns that I can when looking at charts. It helps me see any possible bullish or bearish possibilities. Then, I watch to see which pattern or trend channel is controlling the price action.
: CM, do u use Tradestation for premkt vol scans?
I look at what is up big every morning and I look at the # of trades and volume
adams: close is everything!!!
It is the summary of all buyers and sellers action for the day and it tells who had more conviction ChatModerator: if we had weakness the pros would not defend it into the close .12:47:05 PM PDT ChatModerator: also the end of day is when many big firms get positions in place .12:47:15 PM PDT ChatModerator: they will buy what they need remaining
the selection process
Market, then sector, then stock
Momentum stocks
Momentum stocks do best when the Russell 2000 is on the rise and terrible when it's extended or moving lower
CM -- do you have a particular time-frame that you trade in?
Weekly (Oct 02-22:53) ChatModerator: Daily (Oct 02-22:53) ChatModerator: 240 minute (Oct 02-22:53) ChatModerator: 60 minute (Oct 02-22:53) ChatModerator: mostly (Oct 02-22:54) ChatModerator: I suck at 5 minute charts (Oct 02-22:54) ChatModerator: they zoom in and fool me
failed breakout
always sell the failed breakout
Morning Update stocks
are just intended to be put on your radar
a hard break is usually
best, a meander break usually leads to rest,...
being too spread out
can't make big money
cash
cash is a position too. only a few times per year to make big money so he waits for those.
look at
earnings vs. revenue
a flat pattern
everyone seems to catch the ride (Oct 21-20:18) ChatModerator: they tend to fail more and have more false starts
Finviz
gives % of institutions ownership of cos
Closing prices
have more importance, because that is what Technical Analysis of Stock Trends" by Edwards & Magee people are willing to hold overnight
D3
have to use feel and 5 min charts now
you are dead
if you don't employ a stop loss
spx break below 1950
it's best to just turn off the computer if you are a swing trader goldman35
looking for +60 on osc before overbought?
no Rob Dano: plus 50 and above is good
PLAN
one way is to look at industry groups that have moved up and then look at rs of the leaders and then find which ones still to anounce and try them
a descending pattern
pattern is more powerful in my opinion as traders sell out in the move down (Oct 21-20:17) ChatModerator: you wash out weak hands
if you can't make heads or tails of it
quick - don't sit an stare at it to present "answers"
buy the rumor
sell the news
a 50k account
should gt you 3 stocks any more you really can't watch close enough
big cap
stocks are for holding
all give you confidence
the charts , the osc , volume
oscillators in bear markets
they can give false positive divergence signals...Works best when combined with a bounce off trend line support ChatPolice: Frankly, the only times oscillators interest me is when they getted pegged at one end or the other. It means a trend of some kind is afoot.
huge bar
will usually cause long basing back and forth (Sep 11-19:52) ChatModerator: or a flag (Sep 11-19:52) ChatModerator: but NEW trend
its a marathon so base hits
win the game
below the buy point and I am out,
you can always buy it back, and yes sometimes it does bite you but still it will offer another entry
esignal video
you look at the esignal scan and you look at runn rate it was hard to see what the first colum did it say value and if so what r u looking for a run rate of how much on that colum is good Dano Value is says Dano yes Dano sorts Dano to highest % Dano good for early gauge srt520 in the am