patterns on charts. So the first step for a trader is to find the stocks that are moving. However, at any time during the day we can get a news spike that will suddenly bring a tremendous amount of volume into a stock. This pattern is something we see almost every single day in the market, and it offers low risk entries in strong stocks. If we scan 5000 stocks asking for only the following criteria to be true, well often have a list of less than 10 stocks each day. . Criteria #4 : A fundamental catalyst such as a PR, Earnings, FDA Announcement, Activist Investors or some other kind of breaking news. . So we can scan for the stocks squeezing up, forming the tall green candles of the Bull Flag, then wait for 2-3 red candles to form a pullback. I focus my trading from 9:30am 11:30am. . I have my Momentum Day Trading Strategies scanners, my Reversal Trading Strategies Scanners, and my Pre-Market Gapper Scanners.
The good news is that almost every single day there is a stock that will move 20-30 or even more! . I am an extremely active trader in the first 2 hours of the market and then I slow way down. . I use stock scanners to find these. . I then adjust my stop to my entry price on the balance of my position Exit Indicator #2: If I havent already sold 1/2, the first candle to close red is an exit indicator. . This stock which was of no interest earlier in the day is now a good candidate to trade on the first pull back. . Stocks can also experience momentum without a fundamental genuine work from home jobs bangalore without investment catalyst. . The 1-min chart becomes too choppy in the mid-day and afternoon trading hours. These all refer to the standard volume numbers, which are reset every night at midnight.).
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