Watching Intraday Charts
For stock market traders, watching an intraday chart can be as exhilarating as spending an afternoon watching the horses
run at the racetrack. The charts move up and down as the stock markets makes its daily dance. Watching an intraday chart
can easily make a trader's blood pressure rise and his palms sweat, depending on whether the stock is moving up or down.
Most traders will check intraday charts when available during the day. The charts are helpful information to anyone who
wants to look at a stock. The charts are indispensable for anyone who participates in day trading, where individuals try
to turn a small move in the stock into a big profit.
An intraday chart simply reveals how a stock acted during the time the market is open.
An intraday chart can get set to any period of time. Traders with a quick finger will sometimes watch the one-minute
candlesticks. The more commonly used time standards are three- and five-minute candlesticks. These candlesticks tell how
the stock is moving during the day and can give entry and exit signals that traders can watch.
Typically there is an accompanying chart that shows the stocks volume. A time period with high volume, either going into
the stock or leaving the stock, will typically result in the corresponding movement of the stock itself.
Because of the fluidity revealed by a stock in its intraday chart, many traders can get obsessed with watching. This can
lead to a wide array of emotions, depending on what the stock is doing. Most instructors advise traders, especially
newcomers, to avoid watching intraday charts. Most encourage traders to check the charts during the day, but to stay away
from watching them. For those unprepared, it could lead to premature entries or exits in trades.
Stock Chart Basics
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