Charts i was watching

Not a bad day

Not a bad day but could have been better, I have to work on that. I was in the right stock but didn’t do the right thing, as usual my exit was poor. My next assignment is how to improve my exits.

Summery +478

Technical analysis & day trading

Technical analysis is a study of price & volume action of stocks or markets, by using different kinds of analytical tools (indicators) or simply drawing a trend line or support and resistance level. Trader use charts as a basic element to analyze securities. Day traders rely on technical analysis rather then fundamental analysis. As I became more interested in day trading, I found out that it was fascinating to predict the next move of a stock .The only way to predict the future move is to analyze their past move.

Most popular technical indicators:

1. Moving average (MA)
2. Moving average convergence divergence ( MACD)
3. Relitive strength index (RSI)
4. Stochastics
5. Bollinger bands
6. Commodity channel index (CCI)
7. Money flow
8. Parabolic SAR
9. Price Oscillator
10. Momentum
11. Directional movement index (DMI)
12. Price oscillator
13. Average true range
14. Donchian channel
15. Accumulation/distribution

Some charts i was watching

Small gain but i am happly with it.

some days are like that ,i was up $230,but didn't take it, ended up only $160. i was greedy, was waiting too long for more profit.

Summery:+160

Trying to be a photographer

Some charts i was watching

Why small spread is important in day trading?

Spread is the difference between bids and ask price. Day traders always want the spread to be as small as possible, so what does the small and large spread indicate?

Large spread indicates that the individual stock or the market is not trading actively, less active means less volume. Larger spread could also mean indecisions of direction what day trader wants to avoid.
For example, the spread of XYZ stock is 10 ticks, so if I wanna buy 1000 share of XYZ & sell it 1 second later I will lose 100 $, just to break even I need to gain 10 ticks. The larger the spread the dipper the pain.

Market order will get filled at acceptable price if the stock have small spread, so day trader feel comfortable placing market order which is quicker & more effective then limit order in day trading.

Couldn't trade today

My broker’s chart server crashed at around 10 am, so I will not be able to trade today. In the mean time I am doing some paper trade .

3 trade, two minus ,one plus

If i didn't exit FAF that early i would be in plus territory.

Mistake i made today:

1. get in early in to FWRD.

2.get out FAF early.

3.i should have re-enter in to TAP in the 9th candlestick.

Trying to be a photographer(Öresund bridge malmö)

A chart says it all

Short PNM

I didn't have any reason to get out of the trade,after a dollar gain where it didn't show any sign of slow down ,i need to improve on my exit.

Summery +333

Trying to be a photographer(Sunset)

My work station