TRADING STYLE - TECHNICIANS
Most day traders use technical signals to determine entry and exit points; some additionally use technical analysis as a tool to find stocks that are good candidates for trading. Still others, however, are pure technicians, virtually ignoring quotes and market-maker influences and basing all of their trade activity on price trends or technical signals. These traders may be technical scalpers, technical swing traders or even technical position traders. The point to note is that a technician's entire strategy is grounded in technical analysis, with everything else being secondary to it.
The best technicians are not only comfortable with numbers but also understand the theory behind an indicator. Nevertheless, any trader will be in a better position by knowing at least the basics of technical analysis, such as support and resistance, simple trend-lines, and moving averages.
