Questions for day traders

ConfusedInvestor

Junior member
21 3
So, when you wake up in the morning to choose a nice stock to exploit, how do you start looking for it? I know that low-value, volatile stocks are ideal for day trading, but there are more than one of these. How can you predict when the price is going to spike so you can buy it before hand and abandon ship?

Also, which software and analytical tools do you find most useful?
 

fibo_trader

Experienced member
1,508 27
Use one of many instantaneous stockcharts.com filters for a list. Pick the ones that are just completing wave 2 down. that's how you can predict the spike - it happens in wave 3

Metastock, TOS
 

ConfusedInvestor

Junior member
21 3
Use one of many instantaneous stockcharts.com filters for a list. Pick the ones that are just completing wave 2 down. that's how you can predict the spike - it happens in wave 3

Metastock, TOS
Thanks I'll keep that in mind, of course i look forward to hearing about more tools and patterns, day trading is professional gambling so one pattern may not always work even if it nets a profit on average.
 

fibo_trader

Experienced member
1,508 27
Thanks I'll keep that in mind, of course i look forward to hearing about more tools and patterns, day trading is professional gambling so one pattern may not always work even if it nets a profit on average.

Everything you have asked for and more is to be had at www.stockcharts.com

You will also have access to John Murphy who writes for the site weekly.

Plug in what you yourself have stated here - into the filter at the site and the list of stocks for you to trade will magically show up. Then you can gamble like a champ

Burial costs should be set aside in advance. Informing next of kin is also highly recommended
 

fibo_trader

Experienced member
1,508 27
sorry, sorry, sorry, I do NOT work for stockcharts.com nor do I sell it. I have used it and loved it. that's all there is to it. I've always liked John Murphy, excellent starters book on TA. There are other writers there, all good and worthy of consideration. They have a one month free trial period = no charge. They don't do any monkey business like hammering your credit card.

OK?
 

ConfusedInvestor

Junior member
21 3
sorry, sorry, sorry, I do NOT work for stockcharts.com nor do I sell it. I have used it and loved it. that's all there is to it. I've always liked John Murphy, excellent starters book on TA. There are other writers there, all good and worthy of consideration. They have a one month free trial period = no charge. They don't do any monkey business like hammering your credit card.

OK?
that's all fine, relax. But your posts have made me wonder, what do they charge after the trial period?
 

fibo_trader

Experienced member
1,508 27
that's all fine, relax. But your posts have made me wonder, what do they charge after the trial period?

I think its 15 dollars/mo. or some such ridiculously low price. they have 4 or 5 tiers I believe, the most expensive being $39/mo. You do not need anything more than BASIC for your purposes.

But you could register again under a different email address and get yet another free month ad infinitum. Don't say I told you this. Only Fibo knows. :):):)
 

ConfusedInvestor

Junior member
21 3
I think its 15 dollars/mo. or some such ridiculously low price. they have 4 or 5 tiers I believe, the most expensive being $39/mo. You do not need anything more than BASIC for your purposes.

But you could register again under a different email address and get yet another free month ad infinitum. Don't say I told you this. Only Fibo knows. :):):)
Thanks again, of course i wouldn't want to get free membership out of the site like that. Doing that is really annoying, trust me, I'm enough of a troll to know!
 

fibo_trader

Experienced member
1,508 27
Thanks again, of course i wouldn't want to get free membership out of the site like that. Doing that is really annoying, trust me, I'm enough of a troll to know!

Good to know. They are a good bunch of people and for what is on offer the value is exceptional. What you might like particularly is the beautiful Indicators of Market Strength all calculated for you - just pull up the chart with the formula they already have and voila - things like highs-lows, highs/lows, Advance-Decline Line and a host f other great stuff. Gets a 5-star (5 of 5) rating from Fibo. No 2nd place contender ANYWHERE
 

NVP

Legendary member
36,599 1,858
sorry, sorry, sorry, I do NOT work for stockcharts.com nor do I sell it. I have used it and loved it. that's all there is to it. I've always liked John Murphy, excellent starters book on TA. There are other writers there, all good and worthy of consideration. They have a one month free trial period = no charge. They don't do any monkey business like hammering your credit card.

OK?

agreed......... murphy is a good starting point on TA
 

fibo_trader

Experienced member
1,508 27
agreed......... murphy is a good starting point on TA

:):):):):):):):)

Calls for yet another celebration. One of the cognoscenti agreed with Fibo. How rare is that? As rare as a one-legged man winning a butt-kicking contest.

264890
 

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