 |
 |
| Listen to the rhythm of the short-term trader: locate, evaluate, enter, analyze and exit. Using the road map of the 5-minute or daily chart, new opportunities rise to the surface, allowing the short-term trader to jump in or stand aside. Day traders don't have the time to hold positions through adversity unless their strategy uses at least 2 hours or more of the market day. The 90-minute S&P futures alternation cycle makes single direct moves the most profitable strategy within this time frame. Position traders can apply less-defensive selling methods, such as holding through minor retracements and allowing greater whipsaw room. Scalpers and fast finger traders don't have this luxury. They must escape on the bar expanding into resistance, or the one violating a key moving average. |
|
|
|
