HOW TO DAY TRADE STOCKS

This User Guide Will Teach You How to Day Trade Stocks the Right Way in Our Day Trade Room

STEP #1 - LEARN HOW TO DAY TRADE STOCKS IN OUR COURSES

  • Get Started - make sure to read our Get Started page on how to day trade stocks if you haven't yet.
  • Basic Day Trading Course - if you're new to day trading then we recommend that you take our basic day trading course first. Our day trade course gives you the basics on how to start day trading.
  • Advanced Day Trading Course - this course will teach you the skill sets needed to become a profitable day trader. We teach you about float, how to scan for momentum plays, the most popular patterns to trade, shorting, and so much more...
  • Make sure to practice making hundreds of trades in a virtual account first before trading with real money.

STEP #2 - BE PREPARED WITH WATCH LISTS & ALERTS

  • Day Trade Watch List - each night before 9 pm est, we post our day trade watch list on our website. Make sure to bookmark this page and check it nightly. It's important to have your watch list uploaded into your brokerage account each morning before 9:15 am.
  • Trad​e Alert "Setups" each night before 9 pm est, we post our corresponding day trade watch list trade alert setups on our website. Make sure to bookmark this page and check it nightly. It's important to have your alerts set in your brokerage account each morning before 9:15 am. Alerts have to be done manually with each broker.
  • *Please read our trade alerts page and Disclaimer in full detail before taking any trades. Do NOT trade with real money until you are comfortable with trading and have accepted full responsibility with your own trading risk management.
  • Watch Lis​t Videos - map out support and resistance areas on your charts for the stocks on our day trade watch list (Make sure to watch our watch list videos and take our day trading courses to learn how to day trade stocks and draw proper support and resistance levels)
  • Trade Ideas - Trade Ideas is our favorite stock scanner of choice and each morning by no later than 9:15 am we post the daily gappers here. Make sure to bookmark this page and check it each morning by no later than 9:15 am. Look at the top 3 - 5 moving gappers, add them to your watch list, and map out support and resistance levels.

STEP #3 - PRE-MARKET - NO LATER THAN 9:15 AM

  • Pre-Market Live Stream - watch us live in the pre-market by no later than 9:15 am as we look at the top 3-5 gappers that are running on Trade Ideas and also what's moving from our watch list. Next, we will narrow down our watch list at open to 3-5 stocks total (we keep remaining watch list stocks on a separate screen and keep an eye on them).

STEP #4 - WATCH US LIVE STREAM - 9:15 - 11:00 AM

  • Day Trade Room - we start our live streams each morning by 9:15 am and stream until around 11:00 am. Our live streams are jam packed daily with real-time charting, analysis, mentoring, coaching, and showing trades. This is the best way to learn how to day trade stocks.

STEP #5 - YOUR DAILY PROCESS

  • Once the bell opens, focus on your targeted watch list, what’s popping up on Trade Ideas (we share our live Trade Ideas link daily for members here), and what people are talking about in our day trade room. (Never take a trade based on anything anyone else is saying!)
  • If the set up looks good, you’ve mapped out support and resistance, have pre-determined entries and exits, and you’re feeling confident, then make the decision to enter into a trade.
  • As a reminder, we are not stock pumpers, so we don’t call out entries and exits to our members. We call out support and resistance levels real-time, however, we will not tell you when to enter and exit trades. You can use our real-time analysis to help you learn how to day trade stocks.
  • On your off-time, study until you feel comfortable following the steps above. Take our free stock market courses, read our recommended stock market booksand do research using sites like StockCharts.com, Investopedia and Benzinga.
  • Ask questions and participate in our Facebook trading community, and our trading room. A solid community of support will help you along on your trading journey. Trading is hard and having support from your peers is fundamental to your long term success.

YOUR DAILY PROCESS CONTINUED...


  • Discipline yourself to follow these steps every single day until you are a consistent and profitable trader.
  • It's really important to make sure to practice in a paper trading account first before trading with real money (at least 200-300 practice trades with a 60-65% win rate).
  • When you think that you’ve arrived as a trader; stay disciplined, never get too cocky, keep studying, keep practicing, and keep a laser focus. Remember…anything can happen at any moment in the stock market friends!
  • If you're brand new, it takes many traders at least 6 months to 1 year to become comfortable trading, so go easy on yourself if it takes you awhile to absorb trading. Don't get stressed. Stick to the plan, take breaks, exercise, and eat healthy. Your health is number one! Take our free stock market courses for beginners if you haven't already.
  • And...always remember that you have a community of support in the Bullish Bears to help you along your trading journey.

HOW TO DAY TRADE STOCKS

Looking to learn how to day trade stocks? If you want to become a successful day trader then preparation in the pre-market is the key to success. In the video above, Dan shows you his morning pre-market routine on how he gets prepped for the market open. 

What is day trading? It's buying and selling stocks multiple times a day. What makes day trading important to the stock market? Day traders provide the liquidity. Liquidity is what moves the market and what keeps it going. The stock market is a tug of war between buyers (bulls) and sellers (bears). That battle is what moves price.

Day trading has the perception of gambling and being high risk. As a result, knowing how to day trade stocks in a safe manner keeps it from becoming gambling. In fact, we could argue that day trading is less risky than any other style of trading. Read More

how to day trade stocks

SUPPORT AND RESISTANCE

Support and resistance might be the most important strategy in trading. Those are levels any trader worth their salt pays close attention to. The age old trading adage is buy low (support) sell high (resistance). The opposite is true for shorting.

Many times new traders that don't know how to day trade stocks see a stock that's running and want to get in the play. As a result, they buy at resistance levels. Then their position looses and they end up selling for a loss. If they knew where support and resistance were, then they'd know not to get in that trade.

If you miss your entry then stay out! A stock will pull back or dump and unless you're shorting, you don't want to be caught in the dump. You can buy at the pull back. We teach trading live in our trading rooms each day. Check out our trading service. Try our trading community free for 14 days! Read More

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