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Strategies & Market Trends : Momentum Daytrading - Tricks of the Trade -- Ignore unavailable to you. Want to Upgrade?

To: Ken Wolff who wrote (1953)	5/5/1999 6:01:00 PM
From: Ken Wolff	Read Replies (1) \| Respond to of 2120

(cont...) 4. Bid = the price at which a stock can be sold. 5. Ask = the price at which a stock can be bought. 6. Net Change - This is the difference between the current price, and the price from the previous day's close. This shows the amount that a stock is up or down from the previous day. This number will also be red if a stock is down, and green if it is up. 7. High - This is the highest price that a stock has reached that day. This is instrumental in showing us the stocks intraday "range" or the difference between the high and low of the day. This is very important in showing us the potential of a trade when we are playing a stock's natural oscillations. 8. Low -The lowest price a stock has reached that day. Again we use this to see a stock's intraday range, and potential. 9. Open - This is the price that a stock was offered at as it opened that day. 10. Total Volume - This is the total volume of trades made on a stock that day, both buying and selling. This is important to watch because we need high volume to enable us to safely enter and exit a trade. 11. Historical, or Previous Close - This is the price that the stock closed at on the previous day. This is what I am watching as I assess a stock. I am looking first to Total Volume. This must be high. Next I look to the price and compare it to the High and Low of the day, to see where the stock is in its range. If this attracts my interest, I then turn to the Last Trade to see the "blinking" pace, and to identify the direction. That's what my quote screen consists of, and how I use each element of it. Ken www.mtrader.com