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Live Stock Day Trading in NYSE Nov 4
May 11, 2011
Great video man
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I will usually use a moving average or a support/resistance as a stop.
yeah, it was really choppy at that time re intc.
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how do you choose where to place your stops andy?
also, with INTL at 4:35. the stock was sitting on the fast line at that time, how come you didn’t choose to play that stock? because it was chopping too long?
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Gotcha thanks..
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REDI+ keeps a cummulative total of the stocks throughout the day. I traded MRK twice. Must have made $115 on the first trade.
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If I did I made a mistake. The blue line is the 50 period
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Got a question, I know this might sound like a stupid question but I had a question with your P/L on MRK at 15:44 of the video you had 1000 shares @ 32.419 and price action was at 32.61 your P/L shows 306 in profits. However isn’t 32.61-32.419=.191X1000=191 in profits.
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learned the hard way to take profits in the afternoon when half of my profits were wiped by the end of the day one of the days last week.. been paying special attention to that in Andy’s videos after that experience..
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Andy calls the blue line the 20 day. Did he mean 20 period or is that the true 20 day at that time scale?
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nice video andy. definitely scalp mode these days. i got wicked out of $HL today when it was going to highs. next candle just dropped $0.15 and forced me out similar to intel. i was looking to maybe switch into using a 10 min candle on my charts because of the price volatility.
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Nice example of a scale in trade. Very helpful, Thanks.
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Awesome!!!
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