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After the stock prices crossed the MA, there was sustained buying all day long. The best thing is to get out of the position even for a small loss when the stock prices cross the MA. This the rule even for day trading.
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This is a five day chart. If one has position on a stock with 30 MA in view and following the trend analysis it is better to just wait at least 4 days if the stock goes against your position. Because if the analysis of trend is right the stock will follow the trend to the bottom or the top. If one is doing day trading then one has to observe the day chart and follow the day chart MA. If one does not follow the day chart one will have idea when to sell and when to buy and the day trend. One has to be very discipled and follow the Day Moving average impeccably. The hard facts are on the chart. One should not guess because the stock market does not follow any individual analysis. It is an aggregate movement and unpredictable. for example on 5/16 the stock went up and closed lower on day trading. Any way if one follows the rules of day Moving average, one can get out of position with the minimum loss when the stock is moving against position. This is an important post. | ||||||||||||||
1 comment:
Hi,
The above chart gives you the information about the stock market for five days , to be an expert in this field you should be serious about the market value of every second. Analysis of the short term trend is done on a daily basis with the help of hourly charts. Thanks a lot.
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