T2W Bot
Staff member
For daytraders and scalpers looking for a quick trades or even a bit longer hold from 5 minutes to 1 hour, it?s not easy to do. When day trading stocks, not knowing which way the market will go or the sentiment of the next few minutes is the fastest way to go broke. So watching the breadth such as the composites such as NASDAQ, DOW, or S&P 500 is a fundamental tool used to day trade effectively. Getting an idea what the immediate sentiment is crucial is seeing when and where the buyers or sellers are coming. Believe it or not, stocks are not islands and are not random. Participants move in and out for reasons others prices of stocks. There is always a correlation to some type of data, be it news or other related stocks. So finding a reason behind the move can be a provide an edge for traders.
There is an important indicator that can lead the stocks to move in certain ways. Monitoring the breadth of the big players and watching the movements of the collection of large cap stocks...
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