I have been spending more and more time daytrading simply because it fits my personality. I am fairly impatient by nature and rather than watching a longer trend develop, its easier on my mind to "hopefully" get in at the bottom of even a 1 minute trend and watch it rise then drop it as it peaks.
I typically am playing the 5 minute trends and watch for the bottom, buy watch for the top and sell.
There are problems with this method of course.
There is much profit left on the table as I can't catch every turn of every stock which is why I am trying to find the PERFECT swing set-up as I need to place my money in there and not watch the tick by tick, but set my sell after I buy based on resistance whether it be a week or several week climb.
Such is my attraction to Renko.
Was just refining my standard scan which I have been working on for months, next is this scan. i do see some promising indicators that I think will work.
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