Three Types of Intraday Traders

Momentum Trader

• Tick / 1 min chart
• Best in high volatility markets
• Strong information processing skills
• Very high volume trader
• Tick most comparable to tape reading

2 Min Technical Trader

• 2-3 min charts
• Trader will trade every change in direction
• Trades all breaks of consolidation areas
• Attempts to capture all trends every day in all directions

Big Picture Trend Trader

• 15 min chart / 5 min for finding key level and managing risk
• Identifies strong and weak stocks in the first 30 - 45 min
• Manages around a core using 5 min chart
• Most likely only capturing the strongest trend for the day
• Positioned very well for overnight risk / swing trades
• Swing trades in good markets