15 Second Charts!

15 Second Charts are a must have for any serious day trader! When we first started, we thought the best broker was the most well known broker. Who came to mind for us was the one and only ******. ****** was the name that we always heard when day trading first got into the news. So that was the broker we had to have, right? After 1000s of trades, I can tell you that the most popular isn’t always the best. I hear gurus saying all the time to go to the biggest 2 brokers, saying “you get what you pay for!” It makes sense, doesn’t it? I don’t know about all that. The truth is, even as beginners, it seemed like we had training wheels on our accounts at some big brokers. The hotkeys were limited. There was surely no 15 second charts. They seemed to discourage active day trading. This seemed a bit odd to me. Didn’t the training wheels reduce the precision fills of investors and swing traders? Was I to believe that swing traders don’t care about $0.20 in slippage?

As I was saying..15 second charts are perhaps the most important tool for intraday trading. As you can see from the image above, on the 5 minute (right) you have a sort of hammer with a buy confirmation breaking the real body and upper shadow of the previous candle. It isn’t the cleanest hammer entry, but this is a setup many may choose to trade. On the 15 second however, you can see a repeatable pattern that should indicate a continuation in the down direction. As you can see below, the 5 minute was not showing the entire picture. Now the 5 minute is looking very weak and the 15 second confirms the breakdown is beginning. If you look back at the charts yourself you’ll see that $DTIL continued down to $9.34. I personally took some of that repeatable pattern. That’s what I do, I trade repeatable patterns known as technical analysis, confirmed by price action. While other longs may have grabbed that setup on the 5 minute; I was gone with my profit from a pattern they couldn’t even see.

15 sec break down

If you would like to try 15 second charts, check out TradeStation! The TradeStation 10 platform is built for professionals and available to you! They have amazing precision fills with the most reliable brokerage platform we have tried. The reason I tried TradeStation is because they are known as the best broker for shorts. The reason we stay is that and far more! I haven’t seen a perfect broker, But they are the closest!

If you’re looking for a calendar to see the most recent secondary offerings on a stock, or real-time news alerts, check out Benzinga Pro. The Squawk and audible alerts from Benzinga Pro are priceless!

Trade Ideas is the most powerful stock scanner on the market, with limitless filter combinations. This means you can create your own scans with trade ideas that perhaps even Trade Ideas themselves haven’t thought of. We like to use Trade Ideas for our evening market research. Yes you read that right. A traders job is never done, morning, noon, evening, and even night if you are doing it wrong.

Important notice to veterans active duty and first responders:

TradeStation is the first broker we know of that has offered no trade fees for active duty military, veterans, and first responders! This may not seem like much in light of the race to $ZERO$. Let me be clear, TradeStation is a professional level broker with amazing short locates, precision fills like you’ve never seen, Hot Lists that rival the best in the scanner business, and they honored our troops and first responders when others were falling short!

TradeStation  is willing to give Mighty Soldiers Trades LLC supporters the following: