Rexus,
Day trading is always different to short-term. Day trade Price, Volume on a 1min chart is all you need... I love low-volume reversal signals. Fairly good record of coming off too..
Short term - I'm a huge believer in FA for this..
-cash reserves
-profit/revenue
-sector
-upcoming news expected
-marketcap
Those would be my top 5.. and I never really allow short terms to become long terms.. I have lost on stocks which initially rose on my expected news only to fall in love and believe the 'rocket' stories.
LYC I did this, I bought before TOL and got a 40% increase in 2 weeks of holding. Kept holding due to foolishness on my part and ended up losing 5% (luckily I forgot about my automatic stop-loss in commsec or I would of been out a fair bit more I suspect..)
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- daytraders after market lounge 7th jan 2014
daytraders after market lounge 7th jan 2014, page-17
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