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26/10/14

12:07

Post #: 14182652
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Originally posted by Marketscan ↑

Hi Guys/Gals

daytrading isn't about "impulse buying or hitting the buy button too quickly".

one thing you should do is take your time, missing one line isn't going to matter if you get the following 5 lines afterwards.

take a good look at the depth box. have a look at the bidders side.

ask yourself are they buyers coming in or going out.????. are the sellers thinning out.????

if the answer to the above is yes, then you might have a chance at a successful trade.

flip side is pretty much the reverse of the above.

sellers are starting to stack up and the bidders are starting to disappear. perhaps not a good time to hit the buy button.

overall if you take your time, there's a better chance you'll not make a wrong move.

so all in all, don't be a "Quick Draw McGraw"

..

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MS,
Market depth is often manipulated.
You don't load the bid if you are keen to buy.
A better signal is a loaded sell side that is being chewed without loading the buy side.
When the sell side drys up completely ,this is often a sign to get out.
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