What do most think of as a "strong move" on a stock? If a stock has an average daily range of say 1.5 pts what would most consider a strong move...
It allows me to trade bigger because of much smaller stops...and sleep at night ....LOL
I'll agree they have a big edge by knowing the book, but they lose and sometimes lose big...remember they HAVE to buy what everyone else wants to...
I believe that it is absolutely possible to earn a good living daytrading stocks....sure there are no 30 point daily ranges anymore, not even very...
I'm hoping to just catch the nice quick moves of substance intraday..I also use a relative strength ranking system using the open..and use that as...
One other thing is that I use the slope of the 20sma as a sort of filter also..for a long I need to see it turned up and to short I want to see it...
I use stops for initial protection...(since I trade mainly NYSE with a minimum ATR of 1.5)...i use trade sizes divisible by 3 and immediately put...
I use a 4,9 and 20 on a 5min chart with a 15 and 30 min chart to look for support and resistance levels to use as targets for my intraday trading....
Depending on the size lot your trading the specialist may never have anything to do with your order. Each specialist has an assistant that works...
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