Recent content by potter89

If you could only have one chart to trade with, what time frame would you use? I currently use a 5 minute and I'm not sure if this is adequate for day trading or not. Whats the best timeframe to use for day trading?

Example, today I shorted AMR at opening bell and caught a good 20 cents, then being the idiot I am, figured since oil was going up, I was in a safe position to let it run. Of course, it shoots up 50 cents and I get stopped out, then it crashes a buck AFTER I've been taken out of the market...

Hey, I just started day trading after reading several books and taking a few courses on day trading. It's been about 2 weeks and I've gotten absolutley crushed. I do my best to follow everything "the book" says to do but it seems that as soon as I touch a stock, it crashes and burns. Perhaps I...

Well I draw a trendline and I a decide whether to buy if the line has been tested atleast twice and not violated. I don't know if thats a correct way to identify a trend or not.

Hey, I'm a fairly new trader and I've done alright so far but I always cut my profits waaaaayy too early. And when I decide to let it run, the market turns on me and I lose all my gains. I checked around the site but I can't find a good indication of when the trend is just dipping a bit, or...