Stock Patterns for Day Trading by Barry Rudd

Teacher

Stock Patterns for Day Trading by Barry Rudd

About Course

Stock trading course: Learn about Stock trading

A stock trader or equity trader or share trader is a person or company involved in trading equity securities. Also
Stock traders may be an agent, hedger, arbitrageur, speculator, stockbroker.
Such equity trading in large publicly traded companies may be through a stock exchange. Also
Stock shares in smaller public companies may be bought and sold in over-the-counter (OTC) markets.

Stock traders can trade on their own account, called proprietary trading, or through an agent authorized to buy and sell on the owner’s behalf.
Trading through an agent is usually through a stockbroker. Agents are paid a commission for performing the trade. Also

Major stock exchanges have market makers who help limit price variation (volatility) by buying and selling a particular company’s shares on their own behalf and also on behalf of other clients.

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VIDEO I

Introduction to electronic direct access trading for stock day traders
Overview of Investing, Swing Trading, and Day Trading Also
The NYSE – structure of an “auction” market
NYSE order routing with SuperDOT
Role of the Specialist Also
The structure of the NASDAQ market
NASDAQ order routing
Understanding ECNs (Electronic Communications Networks) Also
Role of the Market Makers
Basic terminology
Understanding the Level II quote window
Components of the basic screen layout for your computer
What are price bar charts? Also
The daily bar chart
The 5 minute intraday bar chart
Understanding how to use the stock ticker
Order entry and management windows
Tracking the market indices Also
Using candlestick charts
Summary
Level II quote screen tutorial

VIDEO II

Introduction to methodology section of course (for tapes 2 – 6)
Why use price bar charts to day trade? Also
Scalping vs. intraday trend trading – overview
Find a trading style that fits your personality
Know your exit price before you enter a trade
The “Wiggle” – a detailed explanation Also
How to determine the current wiggle for each stock you trade
Generating a computer screen layout for your trading
Navigating your tickers, charts, stock box and time and sales windows
Interpreting your tickers Also
Which indices to follow and why
Utilizing the “new high, new low” ticker
5 minute bar chart patterns
Consolidation breakout pattern – the dynamics Also
Timing your entry with the Level II & time and sales to get the best entry price
Spotting breakout patterns in advance
Using another Level II window as a “launching pad” for trade entry

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VIDEO III

What constitutes consolidation – the 3 main criteria Also
Tying the bar chart price to the Level II quote screen
Interpreting the time and sales “prints” in relation to Level II quote movement as a way to uncover buying or selling pressure
The Bull’s Horn pattern on the 5 minute chart
Listening to the market and reacting – don’t force a trade Also
Intraday wedge pattern
Using the prior day’s intraday chart to enhance consolidation breakout trades
Support and Resistance on micro and daily time frames – a visual indicator of potential halting points Also

“Shotgun” pattern on the 5 minute bar chart with ensuing volume influx
“L” pattern on the 5 minute bar chart
Morning “Flashback” or headfake pattern
Computer screen examples of 5 minute bar chart patterns Also
Wide Range Day with Extreme Close – daily bar chart setup
Wide Range Day with slight gap outside, slight gap inside, the opening even with prior day’s close, and the big gap open
Trading off micro support and resistance zones on wide range days Also
Large price gap plays on the daily bar chart

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VIDEO IV

More on large gap openings on the daily bar chart Also
Computer screen examples of wide range day setups
Reversal setups on the daily bar chart
Intraday (5 minute bar chart) dynamics of the Reversal setup Also
Where to enter and exit a reversal trade
Scanning your daily charts to create a hit-list for the next trading session
The alternative entry to the intraday consolidation breakout
The dangers of “randomly” picking tops and bottoms of price swings intraday
Variation on the initial wiggle to better minimize losses on a losing trade
Daily congestion breakout plays – more stocks for the morning hit-list Also
Computer screen examples of the Reversal setup
Profit Targets – likely halting points to exit a trade:
Daily price support and resistance Also
Retracement of a Wide Range Day

Reversal setup profit target
50 & 200 day simple moving averages
The closing of a price gap on the daily chart
Price spike on intraday chart
Significant reversal in direction of market indices intraday
Filters – filtering out the best potential day trades
Too near a profit target
Beware of trading a stock during daily congestion
The cyclical nature of a stock’s “trader friendly” mode
Significance of the typical daily range of a stock
Computer screen examples of profit targets and filters
Summary – tying together all the trading analysis
Trade checklist – 14 step flowchart process for evaluating, trading and managing high probability trades

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VIDEO V

Fading (counter trend trading) techniques – not randomly picking tops and bottoms, but using specific criteria instead
Profit target reactions
“Tagging”
“Big Stack and a Rainbow”
NASDAQ Level II quote screen – a fuller understanding
Using 4 key factors to gauge the risk of a stock
The bid/ask spread
Number of Market Makers and ECNs per price level
Number of shares posted by each Market Maker and ECN
The price difference between each “price level”
How a Market Maker can act as the “ax” or “hammer” in a stock
Relative Strength – daily and intraday – one of the most important factors in your trading decisions
Market Indices – the trend vs. the immediate direction on the 5 minute chart
Micro support and resistance on the indices
Typical market index behavior – morning move, mid-day, and afternoon move

VIDEO VI

Computer screen index examples of relative strength
Time of day – finding the best times to trade (and the ones to avoid)
What stocks to trade – how to choose your basket of stocks
Trade analysis – trading as a business
Managing your trading vs. just managing a trade
Money management – a three step approach to help minimize risk and lock in profits
IPOs and news trades
Scalping profitably – beware the pitfalls
The art of trading
Some footage of “live trading”

SIZE: 3.4 GB