How To Maximize Your Daytrading Results Using TM’s Live Alerts
Whether you are a daytrader or a swing trader who has a regular job and
researches the market after work, using the Premium
Live Alerts from TradingMarkets.com can assist you in identifying
setups, using our tools to monitor and evaluate them, then pouncing when the
setups trigger.
To use this service effectively, you must keep in mind that it makes an
effective trading partner, monitoring thousands of stocks and pinpointing where
the action is that you can profit from. With your subscription, you will receive
technical patterns, large price and volume moves, and relevant news that may be
moving a particular stock. The information in these alerts will help your attack
by:
-
Looking at the chart, which we will
often place alongside the setup -
Verifying the trend
-
Determining the likely direction
the pattern will play out -
Determining your likely entry point
and initial protective stop -
Placing a protective stop once your
entry criteria is met -
Trailing the stop higher as the
position moves in your favor
As the position moves in your favor, move your stop up accordingly to lock in
profits. Be sure to take a look at the articles below.
Position
Management and Trailing Stop Techniques
My
Best Trailing Stop Techniques
Why,
When and How to Exit a Trade
Please make a note of the importance of stops and always utilize them when
trading.
TradingMarkets.com’s Premium Live
Alerts
Through the Premium Live Alerts, you will receive the best and most
promising setups delivered directly to your computer screen by seasoned,
experienced traders equipped with TradingMarkets.com’s proprietary software
algorithms. These setups will be clearly described and, where applicable,
clearly illustrated and labeled in an accompanying chart. These setups are not
only designed to help your trading during the day, but you can print them out
and put them in a three-ring binder and build a super catalog of setups for
future reference.
Daytrading Alerts
Our primary goal is to point you in the
direction of what is moving in the direction the market is also headed. This
formula is very often a profitable endeavor. A good example is what we uncovered
on Feb. 4 in Cephalon
(
CEPH |
Quote |
Chart |
News |
PowerRating).
11:14:00
Intraday Setup Alert
Cephalon (CEPH)
is staging a potential false rally. CEPH is trading at 59.92, down 4.70.
As the market was selling off,
so was CEPH. When the stock formed a false rally off the intraday low, one of
our alert analysts sounded the alarm. The stock fell more than 6 points after
the alert, offering several chances for daytraders to make a profitable trade.
One of the features we have added to our service is the addition
of more analysis of news events and how they could possibly effect other aspects
of the market. While it is true that much of the
time the market discounts news, it can many times be the catalyst for some
awesome trades, hence the advent of the new News
Alerts. Oftentimes news, in the correct situation, can provide
fuel to either sustain a rally or ignite a reversal. That is exactly what
happened on Jan. 31.
12:08:26
News Alert
Tyco (TYC)
Chairman Kozlowski and CFO Swatz are both buying 500,000 shares of company stock.
Kozlowski said he believes the shares are undervalued. TYC is trading at 29.85,
down 3.82.
The stock is trading down for the day
when the TYC execs make the announcement they are going to pony up their own
cash to purchase shares of the company’s stock. This is news in and of itself,
but the fact that the masses pile on as they view this news as favorable is what
makes it tradable. As the stock climbs higher, technically oriented traders have
several opportunities to profit from the move.
Swing Trading Alerts
Swing traders can also get a great deal out of the alerts we
post. These setups are based on the daily charts and are geared toward
short-term traders looking to hold a position for two to seven days.
2-1-2002
13:49:24
Beazer Homes (BZH)
is trading in a mini triangle at the level of its recent high. BZH is now up
1.15 to 81.25 and is holding a 3-month
relative strength rank of 97 from TradingMarkets.com.
When the high RS stock starts to move out of the pattern the
following day, subscribers are ready and waiting to pounce as it moves 7 points
higher in the next two days.
We profile both long and short setups for swing traders,
depending on their likelihood for success, market conditions, and strength or
weakness of their sector or industry group.
2-1-2002
11:17:16
Biotech HOLDR (BBH)
is meeting resistance at its .382 and .50 retracement levels. BBH has a TradingMarkets.com
3-month RS ranking of 13. It is up .3.12 at 122.02.
As the BBH rallies to the short-term retracements, it proves to
be the end of the line, as is often the case. The ETF drops nearly 8 points over
the next four trading sessions.
Tomorrow’s Setups…Tonight
One of the best features we have included is one we call
“Tomorrow’s Short-term Setups.” We take the best swing and short-term
trading setups that are still valid, but did not happen to trigger, and post
them at the end of the alert thread. This allows a swing trader who may not have
the capital to trade full-time or does not want to give up their full-time job
an opportunity to quickly discern viable setups that fit into their trading
criteria.
1-25-2002
18:19:27
Monday’s
Short-term Setups
Centurytel (CTL)
is pulling back from its low. CTL is holding a 3-month
relative strength rating of 19 from TradingMarkets.com.
Americredit (ACF)
is pulling back following a probe to the downside. ACF is carrying a 3-month
relative strength rating of 12 from TradingMarkets.com.
Both ACF and CTL are profiled on Friday, Jan. 25, for the following
Monday.
The stocks pivot back in the direction of their downtrends and
give up substantial gains in the upcoming days.
In conclusion, please keep in mind that with few exceptions, all
of these setups are not valid unless they trade above the prior day’s high (for
longs) or below the previous day’ low (for shorts). Following this simple rule
will not help you avoid every loss, but it will keep you away from a lot of
losing trades. Wait for the trades to trigger first, and successful trades
should be coming shortly thereafter.
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