RSI 5/80 5 Day Chart Strategy
I use many things I've learned from others, but this fits my goals. I trade with Zecco. And I use their streamer. I use the RSI 5/80 method, but with Zecco's 5 day chart. I also use the MCAD lower indicator and the upper indicator's moving averages SMA10 and EMA30 to know when its the right time to enter and exit.
Using all three of these indicators on the five day chart helps me in getting a good read on the stock, which usually never fails. For example this week, I used $6000.00 on WTSLA stock, which turned out not to be that strong. However, by using the above method, I was still able to squeak out $335.00, by making trades on Monday ($102.00), Wednesday ($130.00), and Thursday ($103.00). This was my limit for the week on this stock before violating the day trade rule. It didn't matter because on Friday, the Stock hit rock bottom.
I usually pick overweight stock that is bullish and run with it during the week. I usually have 3 or 4 that I used throughout the whole week.
But this goes to show that many of the methods on here work, even with a bad stock.