k, so i opened a scottrade account with the idea of position trading and buying growth stocks...
i make a couple scalps and i was HOOKED. so i thought it was easy money right, got a little foolish, down 3 days after that to the tune of 6k. very nice, decided i had to stop my losses so i stopped trading actual money all together. have been using a virtual account with scottrade 100k and lost 4k on that first day, but past 2 days im up 6k. i realize this game is very much about the charts so now all i do is study them and felt pretty good when i realized how to identify a break out. so anyways, now i have this trading monkey on my back but am not going to use real cash until i have at least a month of consistent profit.
now my question has to do with tech analysis. when using bollinger bands and other moving averages on a 1-minute intraday chart. what do i need to change the time periods to, so that the indicator i am using reflects the 1-minute chart?
i make a couple scalps and i was HOOKED. so i thought it was easy money right, got a little foolish, down 3 days after that to the tune of 6k. very nice, decided i had to stop my losses so i stopped trading actual money all together. have been using a virtual account with scottrade 100k and lost 4k on that first day, but past 2 days im up 6k. i realize this game is very much about the charts so now all i do is study them and felt pretty good when i realized how to identify a break out. so anyways, now i have this trading monkey on my back but am not going to use real cash until i have at least a month of consistent profit.
now my question has to do with tech analysis. when using bollinger bands and other moving averages on a 1-minute intraday chart. what do i need to change the time periods to, so that the indicator i am using reflects the 1-minute chart?
