Accendo Traders Video Technical Analysis Trading Plans

The intraday routine is important because the market is open; you are able to evaluate activity, the volume of trading, pricing trends for the day, and to use that information to predict where the stock is headed for the rest of the day as you move toward the market closing. The decisions you make based on your intraday analysis are critical, they can make or break your success for the day.

Your routine should help you accomplish the following tasks:

• Determine the sentiment of the market;
• Monitor your Open Positions;
• Assess the potential of the stocks within your watchlist;
• Run your scanning/filtering system to identify stocks with momentum;
• Setup your charting software to watch market internals
• Setup your charting software to watch targeted stocks

Click the video to learn how to develop your trading routines

To watch all of the Accendo Traders 30 Day Challenge Trading Videos, Click Here

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This entry was posted on Friday, November 21st, 2008 at 9:34 pm and is filed under day trading, investing, trade plans. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response.