What chart settings do most daytraders use and over what period?



Answers:
The "Turtles" used to compare the current trades to a 50 or 200 day moving average. If it breaks above or below the average, go with the flow.
Your question is a little vague. The general rule is to look at longer time frames to find stocks of interest and to use smaller time frames (say, 5 minutes) to time the buy/or sell.
I think they generally trade a "breakout" system. This is where, as the previous post said, the moving average of the price (this is average price for the last hour or so) goes up sharply. This sometimes signals the start of an upward trend in the price, and if you buy then you can make money.

That is the theory. But 90% of traders, especially day traders, actually lose money.

Be careful.

The answers post by the user, for information only, UKQnA.com does not guarantee the right.

  • How can I make money fast?
  • does anyone have a low rent low deposit 3 bed house in bolton preferably morris green available urgent?
  • when will the low paid english person be able to buy affordable housing in uk with a standard mortgage?
  • How do I pass a sales representative test, what questions would I get and how do I answer them to get the job?
  • should my husband and i stick with WFG or quit now, while weve only lost a few hundred dollars?
  • Environmentally-friendly weapons?
  • Global food technologies? Scam or not?
  • My father-in-law wants to gift house rather than have government take it in case of having to go into care, an
  • what is the definition of a hybrid manager? what are their job roles in the day to day running of a business?