All Entries in the "Day Trading" Category
Don’t Discount Daily Charts When Day Trading
Day traders often forget the value that the daily chart can bring. The conclusion is that it’s only suitable for swing trading or position trading, but the truth is that the daily chart can offer some good signals for entry and exit as levels are cleared or reached.
Weighing Risk & Reward on Day Trades
A trader on the email list received a recent video I sent out on stops, and came back with these questions:
Elevating Your Odds
Each of us would say we want every advantage possible in our favor, regardless of the activity. But a closer look at your trades would likely reveal occasions where you didn’t quite wait for all the elements of your trading plan to come together.
Don’t Let Trading Be Everything
I love trading – it’s such a challenge with multiple rewards. I look forward to it, I think about it alot, and I’m passionate about it so I work quite hard to continually improve at it. But it’s good to constantly remind myself that trading isn’t everything.
MON Day Trade Review
Here’s a look at a setup on the daily chart and the way I managed it via the intraday chart to reduce my risk, maximize my profit, and determine an appropriate exit.
Not a Pattern Day Trader?
The phrase ‘Pattern Day Trader’ has this negative connotation to it which scares a lot of people unnecessarily. It conjures up images of high risk or compulsive behavior, neither of which are entirely accurate.
Dealing with the Pop and Drop Trade
Sometimes hindsight will show stocks which may have been better left alone, but on the fly we can still manage the situation well with some good habits.
