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The 15 seconds chart would be used for exit points, the same way (or opposite) to how you use the 3 min for entrance. I used it for a while, it's very hard to follow, I still use it sometimes for exits.

I don't do much stocks, mostly futures and in some cases options.... Let me know how it works for you.... Have you done any kind of backtesting or you just came up with this idea?

So what's your basic assumption? Is that the big pre-open volume stocks will continue through the day in the same direction? Or what? TMTrader

If you can't achieve an edge by learning Technical Analysis, Market Profiling or other methods. You can always try achieveing it through money managemnt. Looking at it from a gambling point of view (not that I would know much about gambling in any case). In the most symplistic way, lets say...

Although YJ is not longer around, YM is a good alternative....

Rudolf, please update us with what you are finding out....

Congrats... Keep on the good work.... A long time ago I found that you never really stop learning, there is always somehting new to learn. Ooh, and forget about B&N or Borders, find out about recommended books from other traders and get them at Amazon. TMTrader

Day trading means exectly what it is, Day Trading, and not holding positions overnight. Though, some traders would hold overnight in very specific cases - but usually the positions would be smaller and more conservative than their daily actions. If you are holding for a swing trade then define...

Nice, very nice... I would subscribe to a day trading channel with some useful info even I get all the info I need from my charts.

Are you doing any followup for performance of each stock at each rating, meaning the total price change from previous rating until it changed - This would be a real indicator if the picks are good.

I won't tell you all the stuff about Money Management, Risk Management, proper broker with proper execution or learneing the hell whats going on around you ..... but at least wake up before the market opens and see the price at the open (especially when you have open positions overnight) ...

VisionTrader, Regarding your concerns with your paper trading. It all depends on how you paper trade. Do you really emulate Limit-order or market order buy/sell fills? Do you take mental stops into consideration? Sometimes even you trust your system 100%, you just can't hold it anymore -...

I just remembered I didn't tell you: :D :D :D HAPPY BIRTHDAY!!!!!!! :D :D :D

VisionTrader, are you still paper trading or move to the real thing?

Out @ 980 for +1.75 .... got scared I guess i'm an Idiot AND a chicken

Short since 981.75 trailing my stops

Yes, somewhere.....

Tsunami Theory????

Was a very good sell signal with triple tops and triple lower lows, took the trade and stopped out -1.25 Was a nice trap and I fell right into it.... And no im not Breakout :)

Good trade VT!!! We'll see what will happen after lunch...