If you cant get a chart you want - then do it yourself, which of course means using your head and doing a bit of work. J_S
if u have limited cash available..then this one is not a bad candidate for daytrading..but watch it..crude related! http://finance.yahoo.com/q?s=DNR J_S
I look at the finviz charts, and stockcharts. Sometimes I get suckered and wander to look at all the information I should be ignoring. I have not had tv, not read much business news since I started following this thread. Hard to believe, started reading it, in 2011, but have checked it regularly. Can't say that about any other forums I belong to. As a result, my critical thinking is pretty good. Couple of setbacks ,that I should have seen coming. I have my "stupid" moments. gomez.jpg
The traderguide mentions that the professionals see the whole of the market. They have access to the orders and all the stops, insider information, everything. They are competing with other traders as well that have the same information. He mentioned that the volume that is shown,is not the "real" volume. Is this true? Maybe I don't need volume, I just like volume, I don't know how to do without it. It's like a cigarette.
If you mean "trader-guide" website then forget it - more of the same old rubbish! Volume, well, maybe it all depends on how you are going to trade. Personally, I don't see any real value in it for the way I trade, so I rarely look at it - although looking at certain strike option volume prior to breakouts/breakdowns can help you gauge if the break might happen. I would only worry about volume if I had to buy or sell a few million shares, which I don't think I will be doing You seem to be a bit all over the place - your replies have not been direct and you appear to be focused on too many things - just my observation. What is your simple written plan - or do you have one? How much capital do you have to risk? What time have you available to trade? What is your primary strategy going to be? I could go on.... J_S
I wrote I was thinking about trying a little trading again. I can't focus very well. So, I will probably go back in the thread and catch up some.
Here is a section of an old setup that I tried years ago, some of the arrows might be pointing the wrong way as I used to do a lot of copy and paste It is just to give you an idea of what type of work is involved in coming up with and testing something - and all I will say is that it is only after you get your proverbial "kick up the ass" do you look back and see how silly you really were. Books, I think I will write one myself, as it is one sure way of getting easy money for repeating what others have already repeated, and will keep repeating J_S
Everyone is different, but for myself the only way to avoid large losses is to place a stop as soon as a trade is entered. Accepting that, the focus is then on waiting for the best entries, especially after a pause. I find that the the alternative of using a mental stop is occasionally prone to failure due to emotions taking over. If prices move rapidly it only takes a moment of indicision for a small loss to become larger, then the temptation to manage the trade can take over and before too long the loss can be excessive. Staying in control has been mentioned very early in this thread and no matter how smart and rational we may think we are, emotions can get the better of us. A friend of mine had a stroke in 2013 at a relatively young age and although his intellect was unaffected he now experiences 'emotional lability', often getting frustrated or laughing excessively. Emotions are within us all and when trading they need to be kept in check.