In this segment of Trade Talk, Shawn from The Market: Recap! Show, meets with Brian Shannon to discuss using a 50-period moving average on a one-minute chart as an indicator for potential short opportunities during downtrends. Brian and Shawn continue discussing their trading strategies and share examples of trades made during the day. In addition, they mention that if most of the stocks they are monitoring are below the 50-period moving average on a one-minute chart, they look for short setups. Shawn also seeks tips from Brian regarding profit targets when day trading without holding positions overnight.
Check it out by clicking the video link above!