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DayTradeCalc,
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Here is a good example of how you can use the
DayTradeCalc, this is a trade we did
5/19.
GM STOCK
Advantage for day trade: great liquidity, easy to trade size:
DayTradeCalc gave me a good support
indicator 23.73.
Look at the GM chart above and the support point indicated by the
DayTradeCalc.
As you can see the stock opened up early in the day approached a key
DayTradeCalc point then went over it but really could not confirm it and stay
there. It tried twice.
The
DayTradeCalc point weekly indicator was significantly higher,
so the stock was
suspect and doubtful that it could rally.
Setting a alert signal at the support stop (23.73) we promptly forgot about the
stock.
When our alert went off, we reviewed the stock and purchased it.
Next we determinded a price of 24.35 and set an alert for that price.
When the alert went of we decided to sell, and sold at 24.30 on a dip.
We sold because the stock earlier could not make a meaningful move
above the 24.35.
Notice we were wrong and the stock actually made a much higher high...
had we held and saw the move around 13:18 (time) to above the 24.45
level, we may have held on longer.
We're happy with our trade.
The one that the
DayTradeCalc Calculator told us of, while we did other
business.
Good trading you !
To order
DayTradeCalc,
Click Here!
