Day Trading Diary, page-45

@hibikidan333
I don't just intraday trade.. I'll hold O/N or short term depending on the stock..
All my buys are initially because the stock is moving up in price.. (trade the trend)
My sell is determined by the strength of the move up.. what is driving the move.. and where are we in the upwards trend.
If I buy in on day 1 of a trend reversal (on daily charts) I'll be comfortable holding into day 2 and sometimes day 3 depending on my assessment of what is driving the trend..
If I buy in on day 2 or 3 of a trend, then often I will look at getting out as soon as my profit target is met, or at the first sign the trend is slowing or reversing..
Mostly I look at 5 min charts for trading.. depending on the stock.. if it's heavily traded then sometime I'll switch to 1 min charts..
The problem I have with nightly scans is they only show you what went up today.. not what is going to go up tomorrow.. You are automatically (at best) going to buy into day 2 of a trend..

Cheers