Daily analysis of intraday trading in US stocks
What is this blog about?
The blog is dedicated to intraday trading on the US stock market (NYSE, NASDAQ exchanges).
After each trading session, I choose the most interesting and understandable stock in terms of making a profit and do a detailed analysis of it, indicating the prerequisites for opening a position, entry and exit points.
The analysis is conducted in accordance with the applied trading system, which is based on the price reaction to horizontal levels (rebound, breakout, false breakout) and volumes. I do not use indicators.
Each analysis is accompanied by a screenshot of the trade. There is a daily (and in some cases, hourly) chart in the upper part, which is used to analyze the overall picture and draw daily levels. There is a minute (in some cases, two-minute) chart in the lower part, which is used for intraday analysis, drawing intraday levels, entering and exiting a position.
What is the practical benefit of trade analyses?
Broad visual experience is one of the key components of successful trading on financial markets, in addition to the trading system, psychology and risk management. Normally traders spend thousands of hours looking at charts before it starts to bring positive results.
However, simply looking at the chart is not enough. We need to understand what exactly we are looking for there and what situations allow us to make a profit with a higher probability.
Analysis of trades helps to solve one of the main problems of beginner traders - lack of visual experience, and for experienced traders this is an opportunity to add/correct their trading system with new trading scenarios.
How to select stocks for trading?
It is important to select the right stocks every day that have the potential to make a profit with a high probability, in order to be successful in intraday trading.
Main criteria for selection:
1. High liquidity (trading volume from 1,000,000 units and above)
2. High activity in the premarket
3. Pure directional movement
4. The stock movement does not repeat the market movement
5. "Respect" for levels both in the premarket and in the main session
6. The presence of a catalyst for movement (news, earnings, technical etc.)
These criteria are perfectly suited to the so-called Stocks In Play, which make significant non-standard movements within one trading session, which often exceed the standard price movement (ATR) several times, influenced by a strong catalyst background.
The blog is dedicated to intraday trading on the US stock market (NYSE, NASDAQ exchanges).
After each trading session, I choose the most interesting and understandable stock in terms of making a profit and do a detailed analysis of it, indicating the prerequisites for opening a position, entry and exit points.
The analysis is conducted in accordance with the applied trading system, which is based on the price reaction to horizontal levels (rebound, breakout, false breakout) and volumes. I do not use indicators.
Each analysis is accompanied by a screenshot of the trade. There is a daily (and in some cases, hourly) chart in the upper part, which is used to analyze the overall picture and draw daily levels. There is a minute (in some cases, two-minute) chart in the lower part, which is used for intraday analysis, drawing intraday levels, entering and exiting a position.
What is the practical benefit of trade analyses?
Broad visual experience is one of the key components of successful trading on financial markets, in addition to the trading system, psychology and risk management. Normally traders spend thousands of hours looking at charts before it starts to bring positive results.
However, simply looking at the chart is not enough. We need to understand what exactly we are looking for there and what situations allow us to make a profit with a higher probability.
Analysis of trades helps to solve one of the main problems of beginner traders - lack of visual experience, and for experienced traders this is an opportunity to add/correct their trading system with new trading scenarios.
How to select stocks for trading?
It is important to select the right stocks every day that have the potential to make a profit with a high probability, in order to be successful in intraday trading.
Main criteria for selection:
1. High liquidity (trading volume from 1,000,000 units and above)
2. High activity in the premarket
3. Pure directional movement
4. The stock movement does not repeat the market movement
5. "Respect" for levels both in the premarket and in the main session
6. The presence of a catalyst for movement (news, earnings, technical etc.)
These criteria are perfectly suited to the so-called Stocks In Play, which make significant non-standard movements within one trading session, which often exceed the standard price movement (ATR) several times, influenced by a strong catalyst background.
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