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DayTrader Tutorial

Overview

With DayTrader you can monitor any stock's technical behavior while the market is open. Our system performs thousands of calculations in real time to provide you with accurate trading signals.

Signals

DayTrader will keep you abreast of any intra-day technical changes in your favorite stocks. By clicking on the set target icon the signal panel on the left of your screen will populate with the current DayTrader signal. The indicator is displayed in the form of a traffic light with a Strong Buy, Buy, Sell or Strong Sell.

Strong Buy

How do the signals work?

DayTrader's signals are based on constant stock price and volume changes. These signals ignore all company fundamentals and are NOT to be confused with our StockGrader signals. DayTrader's signals are produced in real time during market hours, valid for a s little as minutes and are designed for speculators, not investors. You may use the signals as follows:

Strong Buy / Strong Sell: Used by extreme intra-day traders to establish long and short positions only when technicals are at the most favorable trading conditions. Normally this type of strategy closes all outstanding positions just prior to day's end.

Buy / Sell: Used by swing traders willing to carry a long or a short position for several days. Our proprietary system performs hundreds of calculations in real time to spot ideal entry and exit points by analyzing price moving average behavior and volume abnormalities.

For optimal results when using the DayTrader, use stocks with high betas (above 1.2) and high average volume.

Buy

Sell

Strong Sell

Lists

You can build up to three lists with 50 stocks in each one for quick reference to the stocks you follow every day. The list on your screen will refresh every 30 seconds, providing you with every stock's last quote. You may also click the refresh button as often as you want to view closer intervals.

Actions

View Extended RealTime Quote
By clicking on the magnifier icon you may see an extended real time quote of the stock you selected (show small real time quote image). You may refresh this window as often as you like for continuous real time updates.

View Charts
Clicking on this icon will take you to a separate page with the stock's real time price chart, three price moving averages, the relative strength index and volume bars (show small chart image). The interaction of the moving averages on the chart are used by DayTrader to produce the signals on the signal panel. You may customize the chart to display different time periods as well as to compare the stock against the different market indexes or against other stocks.

Set Targets
Clicking on this icon will activate the signal panel on the left side of your screen. On this panel you will see the current DayTrader signal for the stock you selected. You can also use this panel to set stock alert targets. Please see below for a complete explanation about our alerts.

Delete Stock
By clicking on this icon you may delete the stock from your list.

Alerts

DayTrader will automatically alert you of predetermined stock price and volume changes, as the targets you set are met.

By clicking on the target icon the left panel on your screen will populate with the stock you selected. You may then type in your desired high and low price targets and your total volume target. You do not have to set all three targets, only the ones you want to track.

When you are finished, click on set and your target will be recorded.

When any one of your targets is met, the entire row of the stock will light up in orange to alert you. The row will remain orange until you erase the target or the stock's conditions change, releasing it automatically.>

To change a target just click in the set target icon, click on clear on the signal panel, type your new targets and click on change to record.

The Target icon

The Set Target icon


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