This market environment is like no other. We are seeing some of the worst economic conditions of all time. Record high unemployment numbers. Hundreds of thousands of businesses shut down. But yet the stock market doesn’t care. The market has been on a non-stop, grinding uptrend for the past 2 months. It doesn’t make sense. …
Read more3 Day Trading Strategies to Use in the Current Market Environment
The stock market can seem random and chaotic. In order to consistently profit from day trading stocks, you MUST use day trading strategies that have an edge. Many traders fail because they trade strategies that don’t have positive expectancy. This means that in the long run, they always lose money because their day trading setups …
Every day trader has had to deal with the pain of giving back profits after you are up on the day. It is one of the worst feelings in trading, and for some it feels worse than just having a small red day. In order to succeed as a day trader, you need to know …
Read moreRisk Management Lesson: Giving Back Profits Needlessly
I scale in and out of my trading positions every single day. It is one of the best ways to enter and exit positions for day trading in the stock market in my opinion. Scaling out is selling partial positions of a stock you are currently in, instead of selling your whole position at once. …
Read moreDay Trading Tips: How To Correctly Scale Out Of Your Positions
Boredom trades are one of the biggest issues for struggling day traders. You want to get paid for the time you commit to trading. But unfortunately making money every day is the wrong expectation for new traders, especially day traders, who tend to be the most trigger-happy. In order to trade for a living, you …
Read more5 Ways To Prevent Boredom Trading From Destroying Your Account
The first hour after the market open is the most volatile time of day. It’s a period of price discovery. It’s possible to make huge gains in just a matter of minutes. However, it is also possible to lose a ton of money just as fast, so you need effective strategies with solid risk management …
Read moreTrading The Market Open – Strategies For The First Hour