Online Stock Trading | Las Vegas Sands – 5 080306

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.

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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.

Online Stock Trading | Las Vegas Sands – Daily 080306

Today the online stock trader was busy trading LVS, Las Vegas Sands Corp. This stock gave a nice short selling signal on the daily chart as seen below. This is one of the online trader’s favorite technical stock patterns and will be designated as a BS1 setup, or Bear short 1 for future reference. This pattern in Las Vegas Sands Corp is nice because yesterday the stock closed near it’s high. Bulls were in charge and a reversal was thought to be in the making. Today, the stock gapped down below the prior day’s low. Those bulls got caught long and are wanting out of the stock causing selling pressure.

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So how was this stock entered? You’ve got your first technical stock pattern on the daily chart. Next, the online stock trader evaluated intraday charts for his trading entry point.