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Real Stock Trading Tips and advise for intraday day traders, various stock trading tips that are used primarily as technicals...
Stock Trading Tips - How to use indicators for buying and selling - signals...
Real Stock Trading Tips and advise for intraday day traders, various stock trading tips that are used primarily as technical indicators for buy or sell signals. These stock trading tips give you an advantage for decision making in the stock market.
Below is a checklist of stock trading tips and advise to refer to when trading:
If the MACD lead stochastic crosses over the 20 band consider this a possible buy signal, and if it crosses below 80, then it would be a sell signal.
Be sure you use several real time stock quotes and charts in different time periods for each stock you are trading. 60, 13, 8, 3, and 1 minute charts will enable you to see the bigger picture. If the 60, 13, and 8 minute charts are in an up-trend, look at the 3 and 1 minute charts for an entry into the trend, such as when the lead MACD stochastic moves up from the 20 band. Don't fight the trend of the longer time frames, but if your trade is going against the major trend, be aware that you won't want to stay in it for too long.
If you are new to stock trading, start with small lots of shares such as 100, and avoid jumping in with big orders for 500 or 1000+. A trade with 100 shares going against you is psychologically easier to take than one with 500 or 1000 shares.
Be leery and cautious of making trades during a consolidation period, which can be indicated by flat or nearly flat 5 and 15 period moving averages. It is best to make trades when the stock is in a trend identified by a stock going higher and the lows are higher and higher signaling an up-trend, or lower highs and lower lows for a downtrend. A strong trend should show a wide gap between the 5 and 15 period moving averages.
Note Stock Price: If the price is consolidated into a tight range for the past several bars, be aware that a breakout may be triggered this could be a very fast movement, when the price moves above or below the highest or lowest values. You can either enter a trade at the breakout price as it happens, or wait for the first wave to complete and the price to pull back close to the original breakout price.
Know where your exit points are in the trade, including your stop loss value. It is important to take losses and not let a losing trade run away while you hope it will turn in your favor later on.. it might not. Set a stop loss and stick to it.
If trading NASDAQ stocks, be aware of what the futures are doing. The current March contract symbol for the Nasdaq E-mini 100 futures is listed below depending on your broker. Stocks usually move with the futures. It is generally a bad idea to short a stock if the futures are in a strong up-trend, and vice versa for going long.
List of E-mini Symbols:
Micro E-mini S & P 500 Symbol /MES Minimum Tick Size 0.25 = $1.25
Micro E-mini Nasdaq 100 Symbol /MNQ Minimum Tick Size 0.25 = $0.50
Micro E-mini Russell 2000 Symbol /M2K Minimum Tick Size 0.1 = $0.50
Micro E-mini DOW Symbol /MYM
If the futures are in an up-trend, but your stock is moving down this could signal a possible explosive move down when the futures start to go back down again. The same applies in reverse for moves up.
Look at the previous days trading range by subtracting the high of the day from the low of the day. You may want to add this into a stock scanning program so you can find stocks which had a range of $1+ for example. Stocks with large ranges will give more opportunities for larger moves for you to capture compared to stocks which only fluctuate by a few cents each day.
Watch out for stocks that have a significant gap at the open, either up or down. Stocks that have gapped are likely to have good volume and swings in price, presenting good trading opportunities. A gap is defined by the opening of the bar being greater or less than the close of the previous bar. If a stock closed at $85 yesterday and opened at $88 today, then it has gapped up by $3.
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Stock Trading Tips - Intraday Day Trading Tips Articles Continued...Note: All you are trying to do is to make an educated estimate to what direction a given stock is moving. The market makers use this formula and most day traders use it all throughout the day to keep a sharp eye on stocks they have.
Note: Some stocks pullback or dip in the morning if your stock does that's in your favor so have three prices figured out on paper so you can make a quick decision.
If you are going to day-trade you need to be quick and confident with a plan and know your exit before you enter and visa versa.
For individual investors: For investors, individuals who completely understand the risks and can afford the loss involved can allocate a portion of their capital to futures trading.. This will greatly diversify your portfolio and can be a means of achieving a higher overall return on your investments. Combining futures trading with stocks and bonds is a great way to minimize the risk and become more diversified.
Article By: David L. - Level2StockQuotes.com
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How to use Level II Quotes for Day Trading - Features Day-Trading Tips - A formula that works with any Stock.
Futures Trading Hedgers: The principle of hedgers is simple but can be somewhat complex. In this article we attempt to clarify futures hedgers and what benefit they have. The hedgers in the futures market buy and sell futures contracts mainly to establish a price level many weeks or even months in advance.
Futures cash settlement is simply the holding of a cash settled future until expiration. At that time, there is a final margin payment, and the contract expires.