daytrade diaries... july 6 part 2, page-52

  1. 1,786 Posts.
    Beechmere

    My two bobs' worth is "that is increasingly true". imo

    The software I have can scan for everything from candles to breakouts (of resistance and support) proximity to resistance and support and a whole lot more.

    People buy for all manner of reasons (FA TA news whatever) so I guess it averages out.

    But I don't think there's any doubt shorter-term indicators have a higher % of short-term traders trading them and therefore more less likely to be robust signals of strength.

    I think that's what makes it so hard to pick a stock for an intraday trade, versus a T+3 or MT or LT hold.

    Does that make any sense at all? And have a missed the point of your question completely?

 
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