Traders Laboratory - View Single Post - Trading the QQQQ SPY DIA
Thread: Trading the QQQQ SPY DIA
View Single Post
  #2 (permalink)  
Old 09-15-2007, 02:57 PM
OAC's Avatar
OAC OAC is offline
OAC is trading what he sees and not what he thinks

 
Join Date: Apr 2007
Posts: 355
Thanks: 18
Thanked 28 Times in 26 Posts
Re: Trading the QQQQ SPY DIA
It all depend on your style of trading. some stocktraders only concentrate
on 1 or 2 stocks and become an expert at it. they become very familiar with the way the stocks move and direction of the futures is just an added confirmation. The other school is to scan a large universe of stocks for
specific patterns and setups. Again they only use direction of the futures to
help in their entry. If you are trying to scalp stocks for tinnies by watching Level II quotes, people used to do that in the 90s, but I think those days are over.

Reply With Quote