Discuss jamesmark034f's answer to: How do you anticipate trends/movement by tech analysis?

How do you anticipate trends/movement by tech analysis?

Ignore @Steve2.. he obviously has issues and has not tools to work with IF he trades stocks at all. AppTrading


You are wise to want to have some technical tools when day trading. Fundamental analysis does not work in Daysince all bets are off with respect to fundamentals when you are dealing with trades that last a few hours at most. I don’t day trade but I will try to answer your questions to the best of ability.
Day trading needs a story and it needs people to buy into that story. I hate to say it but Media Buzz is the juice that drives day trading. I can suggest an excellent way of finding a stock that will have potential for shortd term 1 – 4 week swings…but I cannot advise you what will happen tomorrow tha will give you a few hour 10 -30% gain using TA… though these types of day trading swings do happen and if you are skilled enough to play them they can be very profitable. However, most daytraders…especially newbies…don’t  have these skills and they trade scared.
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