Everyone is on the hunt for an edge in this bear market. In this type of market, you HAVE to be using proven strategies with an edge. In this type of volatility, blindly buying dips is the fastest way to blow up your account. Many retail traders have already learned this lesson the hard way. …
Read morePowerful But Unknown Trading Strategy to Use in Bear Markets
Whenever someone starts their trading journey, the temptation to join pump and alert rooms may be high. The intense attraction to them might stem from the ‘comfort’ you may think you have following someone who seems ‘reputable’ and is making money day after day. In reality, you are just making your fear of losing on …
Read moreHow To Find Your OWN Trading Strategy to Find Consistency
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
Overbought markets offer some of the best day trading opportunities. The best day trading strategy to use in overbought markets will involve short-selling, since this will allow us to capitalize on the stock when the stock declines in value. The specific pattern is what I call the “Rubber Band Short”. This is one of the …
Read moreThe Best Day Trading Strategy to Use in Overbought Markets
We have not seen a full-on bear market in over a decade. We have seen periods when the SPY has had large pullbacks for a week or two, but the dip has always been bought up. Then we continue to make all-time highs. Now it’s different. In the last week, we have seen a massive …
Successful trading is not an overnight process. Many people get into trading because they think it will be an easy way to make a lot of money without hard work. This couldn’t be further from the truth. Trading is no different from any other entrepreneurial adventure. You need an education, and you have to put …
Read moreThe Three Phases of Successful Trading | Momo Trader Day 2