Staying focused while trading

Discussion in 'Trading' started by DevBru, Apr 25, 2020.

  1. DevBru

    DevBru

    It is indeed a lot more to track, however i have one screen where i display all 16 stocks in a small chart and the levels are marked and the platform also gives me an alert when one of the levels is reached, so it is a lot more to keep track of, but that is exactly what i wanted, less boredom, more action.

    I feel like the price action is similar, however with stocks the price action is much faster than with ES, stocks are way more directional intraday, depending on the stock of course.

    I am only screening for stocks with high pre market volume, this generally also means more volume and action during the regular session.
     
    #81     Jun 10, 2020
    Laissez Faire likes this.
  2. Sounds like you solved your 'problem' indeed. :)

    Allright. More momentum and breakout behavior, I suppose. Certainly easier to trade than ES which back-fills a lot, although there's more momentum than usual on ES this year.
     
    #82     Jun 10, 2020
  3. Liiwu

    Liiwu

    Hello, someone can help me to choose kettlebell? Looked for one and find one variant Bowflex SelectTech. Someone tried? Can you share your impressions?
     
    #83     Jun 10, 2020
  4. DevBru

    DevBru

    Another thing i am currently looking into is only buying a stock when ES is positive for the day and only short when ES is negative for the day.

    Unless of course i see a turn around happening in ES or multiple stocks/industries, then i can also short on a day that ES is up and long on a day that ES is down.
     
    #84     Jun 10, 2020
  5. easymon1

    easymon1

    right f on!
    what timeframe charts do you like to trade?
     
    Last edited: Jun 10, 2020
    #85     Jun 10, 2020
  6. DevBru

    DevBru

    Mainly 1 minute for entry. And i have a small 5 minute chart for each stock so i can clearly see which stocks are trading around the levels i want to trade around.

    Stocks move a lot faster than ES so a stock can test a support or resistance and continue/reverse in a matter of minutes. If i would be watching higher timeframes i would be missing a lot of trades.

    However i do also check daily and hourly charts to find some support or resistance to know when to exit.
     
    #86     Jun 10, 2020
  7. easymon1

    easymon1

    rock and roll. good on ya.
     
    #87     Jun 10, 2020
  8. KCalhoun

    KCalhoun

    Sounds like sensible approach to test.

    I found using a large 2day 1minute chart is critical, along with t&s

    TTO8JUN.jpg
     
    #88     Jun 10, 2020