Take a look at Volume

Volume analysis indicators are one of the most important day trading tips traders should know is that average period volume demonstrates  an average conviction of the market. Traders typically analyze a stock's price fluctuations in their day trading strategy.  They look for things like breakouts and trend reversals, but hers another element to incorporate - volume analysis.  Stock prices typically lags behind fluctuations in volume and as a result much information regarding market positioning can be obtained by looking for confirmations in volume.

 Volume is a foundation tool in many day trading systems. Those of us who are day trading on line simply have to look at a stock's volume and look for days where there is higher that average activity.  A review of the stock price on those days will confirm price reversals and help traders determine if it's the right time to change their market positions.

 Accumulation distribution current is one of the ways to examine price and volume when day trading stocks.  This volume indicator is a great way to filter the information from a traders other indicator tools.  For example , a trend on a MACD or stochastic may indicate a strength of a weakness for the current price trend, but when these indicators are combined with the volume indicator, the trend may be confirmed or not.  The accumulation distribution current is based on the idea that if there is a lot of volume (activity) supporting a particular price move, then the price move becomes more significant.

The famed trader Joe Granville used on balance volume (OBV) in his day trading strategies.  What OBV primarily tells traders is whether the price is moving up or down based on high volume.  Basically, OBV takes an arbitrary number and adds to it the total volume of the stock on a particular day.  If a stock price goes up, the the volume is added and if the price falls, then the volume is subtracted.  Keep in mind that it is still important to review the price of the stock and look for confirmation of the trend.  Using OBV, traders are able to review the overall strength of their trade positions and make any changes if necessary.

My results for the year are posted so you can see what and when I traded weekly. https://docs.google.com/spreadsheet/ccc?key=0Aj-gjBJLwH3rdERid3A0RE1GRFlyaHB0S0VxbHc0Vnc&usp=drive_web#gid=0 (SLOW MONEY OPTIONS)

https://docs.google.com/spreadsheet/ccc?key=0Aj-gjBJLwH3rcjJqRndVSlBzY2hNenM4YXZQT1FBZEE&usp=drive_web#gid=0  (FAST MONEY TRADING)

You know I had some good days and some bad, good weeks and bad weeks.  But I have a trading plan, goal and consistency in my trading and that is what I'm trying to teach you.  I believe each of you can do the same thing it takes discipline.   Remember me talking about trading/investing is like running a business? 

So how did we do this past week with SLOW MONEY OPTIONS? Both AAPL trades worked out very well the calls side 6% and the Put side 5% the SPY put side made 5% but I acted a little to quickly on the aggressive SPY calls.   Orginally sold for .04 credit and later the same day following my rules closed out @ .08.  The bollenger bands were getting wider indicating much more room to the upside and volume picking up and finally the price. Remember you will live to trade another day if you don't get greedy and learn to take a small loss to be right.  I'm in this for the long hall and will not take undue risk. Remember always take the more conservative spread is the reason that I give you choices. What I do is take all my recommendations just split the money between choices. You can trade just enough to give you an extra days results of trading or trade enough to give you a weeks worth of trading. The choice is yours take responsibility.

I am trading weekly options to help you grow your portfolios a little each week. We are either making money or not losing money. Thank you for letting me serve you, I consider it a privilege to work with each of you. I strive to make a successful trade one week at a time.

Are you making money? If not why not trade with me. Remember the goal is to make money NOT lose money . . . Duh . . . . . . . Take a look and see how Slow Money Option Trading went 
https://docs.google.com/spreadsheet/ccc key=0AjgjBJLwH3rdERid3A0RE1GRFlyaHB0S0VxbHc0Vnc&authkey=COb7xdMJ

Remember if your not a paid up member of the Fast MoneyTradingTeam you will not get the weekly Slow Money Option recommendations. Yes, I expect to publish Wednesday,Thursday or Friday my weekly option trade to the paid up members.