Catching the intraday High and Low

Seriously though, I hardly ever catch the high or low in any of the stocks I trade. But, there is plenty to be made by catching pieces throughout the day, so thats what I focus on.

Golablue, good luck to you. If you find out a feasible method to find highs/lows consistently, you're way ahead of all of us schmoes

 

I think it is more valuable to "KNOW" when you have the intraday high/low as opposed to trying to catch it. when I have a pretty good feeling that I have thew high/low I always have my best winners, just let the stock run its course. I find certain stocks give you a pretty decent clue once you are already in, I dont think it is possible to come up with a system that will say "x" is going to be the high/low of the day though.

 

You know I did try that too. But I think I may not have the ability as yours. Finally, I ended up by proving to myself that mathematically it's impossible. I understand that you are not seeking the exact high and low but something close to it.

The movement of a stock price is a bit randomness and more worst than that, it will be a very complex randomness, if it does, since each new price doesn't have the equal probability due to many things happening during its course. A random variable with equal probability is one thing, and with different probability is another more complex.

I have remarked that experienced traders are betting on the direction rather than on the position(point). It sounds more logical to realise since we have only 2 directions compare to infinite positions. Then obviously betting on the direction has higher probability to be right than betting on the position.

 

Thank you dwl, steve T, winter, bitrend, and all those who offered insightful comments. I appreciate your input and honesty.

 

many years and many thousands of hours of study and u will see u r seeking something that doesn't matter...........steve is correct.........grab what u can from each run..........trend is very friendly........end of story for me..........

 

think about it like this..........if you want to make money find what u can build enormous confidence in..........work until u find it.....if it is a few years, so what?.........it will be worth it.....best wishes and good luck

 

I buy the bottoms when the trend is long.
And i sell the tops when the trend is short.

But buying the bottoms and selling the tops in 1 trade is more difficult.

 

but not impossible.....

Maria

 

Reason is that only few people know how to trade profitably and even less know when h/l is MOST LIKELY in place.
You must first learn how to predict intraday reversals and go from there. When you learn how to predict reversals you will be hitting h/l of the day. And most of what is between.
Not easy but can be done.

 

I was also thinking about this fact and that is that a lot of times a stock will make the high/low on the very first print of the day. I cant imagine there is any way to know this beforehand since there is no data, no price action to alert you that this is the high/low.