daytrade diaries... may 15 part 2, page-138

  1. 11,670 Posts.
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    No, I cant recommend any books. I recommend commonsense. Charts where the price and volume suddenly increase are buy candidates. But not always. Be mindful that traders who are already set are keen to take profits. So its all about spotting breakouts early on asx300 stocks and taking profits when the momentum subsides.

    But if you are not ready for daytrading then trend trade instead. This is where you only choose uptrending stocks, buy on dips and average down to the support level. The key is to make the first trade relatively small, know when to stop averaging down and to cut losses.

    cheers...
 
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