- Looking at charts is the most important thing a day trader can do. Hourly and 5-minute charts are important to look at when day trading. This helps spot breakout stocks and downtrends when trading.
- Volume is important when day trading. If volume is higher than normal, it usually means institutional traders are moving into a particular stock, and it's likely to continue higher from there.
- Candlestick patterns are important in day trading as well. Look for a volume spike, then you'll see a larger candlestick, depending on the price direction.
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