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1. yes
2. Ema is just a visual aid to judge the trend and any pullbacks. Not used specifically in entries (e.g. enter when it pullback to ema), more of a 'guage' as to how the stock is performing.
3. Don't usually trade in the first couple of minutes. Typically I trade inside the first 30 mins if setup is there.
4. 1M gives me the opportunity to get in on the first 'move' of the day at an earlier price. But aside from that, it is just personal preference as I prefer the pace of the 1M compared to say the 15M or 30M or whatever.
5. Yes that is true. I have mental issue with this in that once a trade is over I don't follow the stock as I have difficulty pulling the trigger again once I have already traded it.
6. Yes, use a combination of FinViz and Briefing.com. Also I save all my tradeable stocks as charts, so I can refer to them and see how they have behaved previously. E.G A stock may be ok on volume etc..but if it is wild and has big fast moves on the 1M then I tend to leave it alone.
jitasb,
Thank you for your thread. There are not so much honest threads from day traders (trading US equities) that share with their thoughts. Please go on.