VIDEO - Fundamental & Technical Analysis of the S&P 500's Daily & Weekly Charts:

http://www.viddler.com/explore/zigzagman/videos/19/

Here is the end of the week Technical Analysis of the S&P 500's daily and weekly charts, plus a look at the important Economic and Earnings Reports due out next week...

Happy Trading this week...
zigzagman

VIDEO - Fundamental & Technical Analysis of the S&P 500's Daily & Weekly Charts:

Here is the end of the week Technical Analysis of the S&P 500's daily and weekly charts, plus a look at the important Economic and Earnings Reports due out next week...

Happy Trading...
zigzagman

Introduction to Time & Sales and Level 2 - Tools for Day Trading:

Day Traders use every tool at their disposal to help them decide when a good time to enter or exit a trade will be.

Time & Sales and Level 2 are two such tools. This video is a brief explanation of how these tools are used to determine if a stock or Exchange Traded Fund (ETF) will go up or down in the next few seconds.

These tools can not be used for Swing Trading or for day trades that last for hours when the market is trending strongly either up or down.

These tools do help when you are doing Scalping types of day trades. Scalping is when you enter a trade that will only last for a few minutes with a large block of shares. When the stock or ETF has moved up or down ten to fifty cents very quickly, that is a good time to exit the position to lock in your profits before the trend reverses.

When I do Scalping trades, I usually buy 1000 to 5000 shares. With 1000 shares, I'm looking for a move in the ten to thirty cent range in five to fifteen minutes. A ten cent move yields $100. and a thirty cent move yields $300.

When I trade 5000 shares, I'm looking for the stock to move five to twenty cents in five to fifteen minutes. A five cent move yields $250. and a twenty cent move yields $1000.

Sometimes I trade using 10,000 shares. Each penny the stock moves in the direction I want it to is worth $100. So if a stock moves ten cents, that yields $1000. usually in less than fifteen minutes.

These tools work better on some stocks or ETF than others. It is hard to use these tools on a stock or an ETF that trades 100 million shares each day. They work best on stocks that trade 5 to 25 million shares per day. The less daily volume a stock gets, the easier it is to see how these tools work.

While I can show you the basics of how these tools work, the only way you will get proficient at reading them is to study them for many hours each day over a period of a few years. If you would like to read more about Time & Sales and Level 2, here is a good article on the subject:

http://www.investopedia.com/Level 2

If you watch the three videos at the top of the Video Charts page of my website that show me doing real-time day trades while the market is open, you'll see that I mention these two tools and show how they work in action.

www.stock-market-lessons.com/videocharts.html



Happy Trading,
zigzagman

Welcome! to Stock-Market-Lessons.com

Here is a ten minute video that briefly explains everything you can learn by taking my Day Trading Lessons.

Some of the subjects I mention in this video are about Swing Trading, but they also apply to Day Trading somewhat. Day Trading is all about entering a trade in reaction to either good or bad news of some kind that has the ability to move a particular stock or the overall market either up or down. These kind of trades can last from fifteen minutes to a few hours. As a general rule, day traders never hold a position overnight, but there are rare exceptions to this rule.

If this news is about a particular company, I trade the stock in that company either Long or Short if the news is good or bad. If the news is about the overall economy, I will trade SSO if the news is good, and SDS if the news is bad. SSO is the 2X Bull ETF that is benchmarked to the intraday chart of the S&P 500. For every tick up of the S&P 500 chart, SSO moves up two ticks. SDS is the inverse, or Bear 2X ETF benchmarked to the S&p 500's intraday chart. For every tick down of the S&p 500's chart, SDS ticks up two ticks.

Swing Trading requires that you keep up with a lot more things that can affect the movement of the share price of a company's stock. SSO and SDS are not good ETF's to Swing Trade, and should only be used for Day Trading. I specialize in Day Trading, but I also have another account for Swing Trading good companies, and I sometimes hold a position in a stock for a few weeks or even a few months. And in that account I also hold a few stocks that pay a good dividend, and those I have owned for years.

Happy Trading,
zigzagman

(this video is viewed best in full-screen mode using the 480p setting)