Daytraders - trade or not

Discussion in 'Trading' started by TRADERCJ, Feb 20, 2008.



    When do you look at to determine if you are going to play the market each day.

    The method I use is just OK, profit wise. So I have been trying to research items that might make improve my trading depending on if decide to trade for that day or not.

    I have been researching and trying to come up with ideas. So far I have come up with:

    Volume, if today's volume for the 1st hour is equal to, or above the daily average, trading results are better.

    Indicators - they are lagging too much. You miss all the good moves.

    Market - it does not seem to matter if the market is up or down for the day, to be profitable.