The online trader’s stock trading criteria involves looking at multiple chart time frames for a suitable entry. When you buy a car you look at all the options don’t you? It’s the same thing for stock trading. When evaluating an entry the trader looks at the monthly, weekly, daily, 60 minute, 15 minute, 5 minute, and 1 minute charts of the stock. If there is loose or sloppy trading the trader may use a 15 minute or 60 minute chart that has less noise and fluctuations. Let’s look at the 5 minute chart for LVS, Las Vegas Sands.
The 5 minute stock chart of Las Vegas Sands shows a nice fluid incline off the pivot at 6:50. You’re looking for the first lower bar to sell short. The online stock trader felt the stock would try and shake out it’s holders. He decided to cut the noise further and focus on the 15 minute stock chart of LVS, Las Vegas Sands instead. On to the next stock trading chart.