Why is day trading so hard? If there was a Hollywood movie about Day Trading, it would probably star Robert Downey Jr, Leonardo DiCaprio, or Jennifer Lawrence and they would make billions of dollars effortlessly. Unfortunately, Hollywood rarely represents reality. Studies have shown that successful day traders are much less common than we think. In…
Tag: day trading
Are you looking for day trading advice? Making big money and beating the market is possible. But you need the proper rules and attitude to play by. If you’re looking for day trading advice for today and beyond, you’ve come to the right place. In this blog, I’ll dispel some common myths about day trading…
Day trading reversals are one of the most common and profitable strategies employed by traders across the world. In fact, due to their excellent risk/reward ratio, many base their entire careers on them. But if you’re looking at trading reversals, you want to ensure you only trade in the extremes. There may be times when…
Looking for day trading secrets? 1. Use a good stock scanner like Trade Ideas or Finviz to hunt for momentum plays. 2. Filter by float and breaking news. 3. Map out support and resistance levels. 4. Look for stock chart breakouts. Pay close attention to bull flags and ascending triangles. 5. Use at least a…
Want to know how to day trade for a living? 1. Open a brokerage account with a company like SpeedTrader, LightSpeed or Interactive Brokers. 2. Fund an account. 3. Need at least $25,000 in an account in order to avoid becoming a pattern day trader. 4. Have a good scanner like Trade Ideas that scans…
Is Day trading vs investing the same thing? In fact, just to make things more fun, there’s even swing trading as well. Do you want to day trade options? How about swing trade options? Have I lost you yet? Day Trading vs Investing Differences Here are some of the differences between day trading and…
Swing trading vs day trading, what’s one to do? Is one better than the other? There’s pros and cons to both. And actually, you don’t need to pick just one. You can do both like me! Sometimes my life gets busy and I can only swing trade. At other times, I can slip away for…
Looking for day trading for beginners? A day trader gets in and out of trades within seconds up to a few minutes. They used their accounts as leverage to buy stocks and scalp profits between $0.10-$0.20. Example: if you purchased 5000 shares of $XYZ company at $3.00 and the stock rose to $3.10 within a…
Looking for some day trading tips to help you be a better day trader? 1. Don’t get greedy and take profits along the way. 2. Cut your losses quickly. 3. Don’t over trade. 4. Trade highly liquid stocks on major exchanges. 4. Use a broker that has high speed executions. 5. Paper trade first before…
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