Mostly as a confidence builder for any given trade. I want to see it beginning to turn up-- separation narrowing between macd and signal line--or already moving up.

@Ryan Nellis I am more influenced by MACD. RSI only seems significant to me if it is overbought (above 70). Otherwise, I'm not too concerned which way it's pointing.

Earn

Hello all. Two years swing trading as supplement to income (did a little day trading in 2000s). I'm active last 3 hours of the market. Struggle: having confidence to increase position size. Rule for this week: follow all the other rules.

@Lisa Ivanov I also have issues with not holding long enough. I think account size is part of the matter; too tempted to lock in a gain and not give anything back. Keep at it!

I was not intending to day trade, but in about three trades, I placed an order overnight, and the stock moved up a double digit percent from my entry price the following day; I sold that day, thus a day trade. Each time, my broker promptly reminded me of my potential PDT status if I made more day trades in the time framework. So I told broker to convert my account from Margin to Cash, which they did. My understanding is that removed any PDT possibility. Oddly, though, FNRA says: "Day trading in a cash account is not permitted." Then, it says: "All securities purchased in the cash account must be paid for in full before they are sold. In the cash account, under FINRA rules, purchasing a security, paying for it in full as required by Regulation T, and then selling the same security is not considered a day trade." First, they say it is "not permitted" in a Cash account. Then, they say it's not really a day trade. A muddled explanation it seems to me, and makes me wonder if I really had gotten clear of potential PDT status. Water over the dam now, though.