Comments on: Day Trading Help Live Stock Trading April 8 Part 2

By: ppc3232

ppc3232 — Thu, 04 Mar 2010 13:41:33 +0000

I have a question, why do you guys trade with the 5 minutes view and not the 1 minute view?

By: nhlkats

nhlkats — Thu, 04 Mar 2010 13:31:21 +0000

Can you please explain what you were thinking at 3:40 as you were cycling through airlines and saw DAL “not doing a whole lot”? What instinctively made you buy it instead of being cautious that it wasn’t following the sector?

By: mikegmi2

mikegmi2 — Thu, 04 Mar 2010 12:52:12 +0000

They often look for sympathy plays. If a sector is popping and there is a lagger, oods are itll move in the direction of its sector eventually. Sometimes it doesnt, but its worth taking the chance. At least, thats what most people will tell you, and in the market, its go with the flow…

By: mikegmi2

mikegmi2 — Thu, 04 Mar 2010 12:07:20 +0000

Things tend to get a little convoluted and erratic when trading on a 1 minute bar chart. Technical indicators jump up and down, and the chart itself looks much more jumbled. The 5 minute chart acts as a natural “lowpass filter” so to speak. It filters out some of the crazyness, and leaves you with something that can be dealt with in a meaningful manner.

By: sgomez858

sgomez858 — Thu, 04 Mar 2010 11:18:24 +0000

Well said on both questions Mike. The DAL trade was a lagging possibility. The lagers don’t always go, but they are worth a chance sometimes if you are not sure.

By: paytongannaway

paytongannaway — Thu, 04 Mar 2010 10:24:56 +0000

I think that Garmin is going to be a fun stock to play with tomorrow.