[bathrobe]

Originally Posted by bathrobe »

Thales,
This is probably a stupid question but I am operating under the "no question is stupid" rule. I have never day traded stocks, so when you are looking for biggest gainers, is that on an intra-day basis or biggest gainers in the recent past?

Thanks
Chris

Thales,

This is the chart of the equity day trade (paper) on Friday, would this have grabbed your attention?

Thanks,

Chris

[DaKine]

ES trades today Long off the open for +4.5 then took an aggressive short at the vwap with reduced size and got owned for -4. Took a long at DVAH expecting new HOD, instead we got back down to VWAP where price held for for the 4th time so I added then scratched my original long and rode the balance for +8. +8.75 for the day. Btw for the MPers out there the long off yesterdays single at 904.25 was money, again I missed it as I was long prior to us getting down there ... That single was LOD. c'est la vie... Lets get em tomorrow!!!

Payce

[hedonQ]

Overconfidence from yesterday did me in. Putting my ideas ahead of the price action. Who cares what I think.

I also have some issues with focus. Market can move for hours without dealing you a good hand.
Tough to keep folding and stay focused.




Good Luck.

[bathrobe]

Small day as usual, have to work on holding positions for longer.

[thalestrader]

Originally Posted by bathrobe »

Thales,

This is the chart of the equity day trade (paper) on Friday, would this have grabbed your attention?

Thanks,

Chris

Hi Chris,

Yes, that would certainly have caught my interest. It is always easier for me to identify opportunites on a chart after the fact, but I have gone ahead anyway and identified three places where I could have been induced to be a buyer. I have marked each of these with an ellipse and numbered them 1-3 respectively.

1) I often will buy a higher high than the high of the first five minutes, especially when the look like RHT's open on 5-15.

2) I will often buy after the first 5 minute swing high is formed and a higher high is made.

3) I will often buy when a pullback to a prior high holds as support (this is the bar where you identify what you annotated as a three bar reversal on your chart).

I'd like to think that had this stock been on my radar this past friday that I would have traded it as I outlined here. Of course, hindsight in trading is better than 20/20, and for every decent trade I make in real time I spot 10 after the fact when I go through my charts 600 or so charts at the end of the day.

At any rate, it was a good experience for me to take a look at this chart, Chris, and I thank you for sharing it with me.

Best Wishes,

Thales

[Soultrader]

One tough day for me today.. pure frustration. Couldnt make anything today ended the day down 6 ticks. Minor loss... couldnt locate any good setups so tried to grind it out. Well, we still have tomorrow.

[Robert Joyce]

Ok, sorry no trades yesterday. I had business and other distractions and missed some decent entries. The rest of the day I just watched.

[Robert Joyce]

Dakine, outstanding but I don't get your shorthand:

VWAP-

DVAH-

HOD-

LOD-

MPers-

I trade the mini's and I would like to know what those are? And when you say a 4 pt trade is that with just one contract or more?
thanks