Thought I would re-post this here as more people may see it.
O/T but still continuing with my education.
Can anyone help with some parameters to set for stock scanners for short term trading? I am using Incredible charts.
Also links to any scanners out there that would be suitable for a L plater.
This was from @Bollingenuity but I am having trouble setting it up.
CLI, I managed to get in at 2.7 and had my sell at 3.2 all day. Should not have got greedy. It was going to be a great first day-trade for me using my recently gained knowledge. Damn! That will teach me to be greedy
Once the price had moved up I re-adjusted my stop to 2.9, only to change it again to 2.6, keeping in mind that I have been stopped out many times before due to the sell down by the pros to do a shake out, only to see the price rise even further after my stop was hit.
All my indicators were screaming buy, especially buying above the 200ema, this am but I broke one rule. I did not wait for the first pull back day. I did wait for the pull back to 2.7 so that's how I got in at that price. That took about 38 minutes from open.
I pulled the 3.2 sell from previous days high, not sure if this is correct?
Only trading below $1000 to keep brokerage down but should have made 12.35% if I had sold at 3.1, instead I saw the late arvo action and decided to hold until Monday.
In hindsight, I did have this on my watch list from 1.6 on 15 March, thanks to a poster here, but failed to pull the trigger. Other charts/posters etc got in the way.
Any help/analysis here would be much appreciated, I am taking this learning gig very seriously.
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