iCharts Discussions

[guru.july]

Sir, How to trade on gapdown stocks? How do i take a long position within seconds of market open? Please answer.

[t.chatterjee]

hi friend, my personal observation is gap down stocks, specially stocks with up trend, yet opened in a gap down manner are good opportunity for long,

personally, after confirming a trend i use fibo calculator under the link CALCULATOR to determine entry and exist points, and i hv found that any gap down from the designated entry point normally results in good up move,
due to this reason, i personally like gap down stock to take a long position.

as far as taking position within a seconds concern, i generally avoid to jump in the market in this manner, in fact i always prefer to wait for 10-15 min to make an entry, so the possible bias of the stock be clear before i make a move, after all there r lots of scrips available for trading, if i miss an opportunity then there is always a second chance, but if i jump at the starting bell, i may end up loosing my hard earned money, so i avoid jumping with the opening bell, im not an expert, but its all my personal feelings

[guru.july]

Thanks for this information sir. It was very usefull. Will contact you on this forum if i've any doubts with the same in the future

[amitkbaid1008]

Chatterji

How do you "CONFIRM THE TREND"

[t.chatterjee]

[t.chatterjee]

[SwingTrader]

Guys! I am moving this topic to "Technical Analysis" section as this is forum is for "Feature Requests" only.

Please start topics in relevant forum section only. Thanks.

[deep_gagan]