Smart Tips For Stock Charts
Here are some quick tips to help you along with your investment:
*Keep the technical studies to a minimal on each chart. Don’t put 34 studies on one chart – that doesn’t make you smarter or more profitable.
*Have multiple timeframes ready to go as different templates.
*Base chart should be the timeframe you are most comfortable trading.
*Focus on narrowing down your watch-lists to securities you will ACTUALLY trade. Again less is more.
*Know how to use the shortcut keys to removed/add studies/earnings/volume.
*Candlestick charts tell you more about the underlying market sentiment.
*Have at least 2 momentum indicators and see if they correspond with each other.
*Don’t relay too much on moving averages (they are slow and typically don’t give great signals)