The 10 Laws of Daytrading An 8 page full color e-book by Chief Equity Strategist, Peter Reznicek
For questions regarding ShadowTraderPro, contact Jim Bell at jbell@shadowtrader.net or 610-552-0190.
TRADING METHODOLOGY
ShadowTrader Professional Traders Squawk Box and Virtual Trading Floor makes live intraday trade calls using technical analysis and in depth interpretation of market internals such as breadth, advance/decline, tick, and trin indicators. In addition to the use of market internals, simple moving averages such as 20, 50 and 200 period are discussed and used in conjunction with reversal periods to time trade entries.
When intraday trading, our moderators focus mainly on buying stocks in sectors that are showing relative strength to the broad market and shorting stocks that are showing relative weakness to the broad market. The timeframe for all intraday (day) trades is between 15 minutes and 3 hours. All commentary and trade calls regarding intraday plays are made within the context of 15 minute and hourly charts. ShadowTrader does not "scalp" nor employ the use of any timeframes shorter than 15 minutes.
The ShadowTrader Focus List presents 2-5 swing trading ideas daily in full color, html, email format. ShadowTrader enlists the use of proprietary scanning technology to find only the most high probability trade setups to present to its clientele. Stocks showing extreme relative strength or weakness to the market are generally favored, along with names that are breaking out or down into new 52 week highs or lows. Cup and handle, ascending triangle, bull/bear flags, trendline reversals and consolidation breakouts are just some of the patterns that ShadowTrader identifies on both daily and weekly charts.