New to daytrading

[lordoftrades]

Hello

I would like to hear from those of you that trades active every day.

Do you prefer technical analysis, like bollinger bands, moving averages, RSI etc?

Or do you go for a quantitative and statistical approach?

I'm no expert, but I have been using some technical analysis on longer terms, and wonder if I can use those on daily basis too?

What stocks do you prefer?

Kind regards
Espen

 

[WD40]

Quote from lordoftrades:
Hello
I would like to hear from those of you that trades active every day.
Do you prefer technical analysis, like bollinger bands, moving averages, RSI etc?
Or do you go for a quantitative and statistical approach?
I'm no expert, but I have been using some technical analysis on longer terms, and wonder if I can use those on daily basis too?
What stocks do you prefer?
Kind regards
Espen

It is not too late to stop now and avoid going into a life of monitor slavery.
At the best of times, you will be earning less than minimum wage per hour.
Don't ask about the worst of times.

 

[nazzdack]

Quote from lordoftrades:
----Do you prefer....
----Or do you go for....
----been using some technical analysis....
----wonder if I can use those on daily basis too?

1) Difficulty on that other guy's part doesn't mean impossibility on your part.
2) You have to be willing to learn "everything about everything" soon and then get rid of what's useless.
3) When you shorten your time horizon, you have to be able to identify and act quicker compared to longer time frames.

 

[lordoftrades]

Quote from nazzdack:

1) Difficulty on that other guy's part doesn't mean impossibility on your part.
2) You have to be willing to learn "everything about everything" soon and then get rid of what's useless.
3) When you shorten your time horizon, you have to be able to identify and act quicker compared to longer time frames.

Thanks nazzdack

Do you daytrade?

 

[Grandluxe]

Quote from WD40:

It is not too late to stop now and avoid going into a life of monitor slavery.
At the best of times, you will be earning less than minimum wage per hour.
Don't ask about the worst of times.

+1

 

[WD40]

Quote from nazzdack:

1) Difficulty on that other guy's part doesn't mean impossibility on your part.
2) You have to be willing to learn "everything about everything" soon and then get rid of what's useless.
3) When you shorten your time horizon, you have to be able to identify and act quicker compared to longer time frames.

Quote from lordoftrades:

Thanks nazzdack

Do you daytrade?

Don't you love snap back reality check like this ??? LOL