Why you Should look Beyond Price

Four Elements for Day Trading Any Symbol 

Oftentimes, traders focus most of their attention on price charts, candlesticks, and price-based indicators. The concentration of analysis is price-based. Price Based analysis is a great place to start; unfortunately, it does not include the other factors traders need to be looking at. There are always four elements in play with day trading.  

We are looking at the S&P on a five-minute chart for today’s example.

Along with price, day traders should be looking at time, volume, and volatility. 

Although our conversation today is based on an S&P trade that we took, keep in mind that once you understand time, volume, volatility and price, these strategies apply to numerous markets and can be used on any symbol.

Keep up with the volatility!

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