Let’s look at swing trading and day trading, the differences between them, and which style of trading is a better fit for you. Each trader is encouraged to trade the way they’re most comfortable with. It’s likely traders will classify […]
Educational articles on day trading stocks including strategies, risk management, and how to find stocks for day trading.
If it looks hard to make money, it probably is. If you’re looking at charts but aren’t seeing much to trade, or you see trades setting up but they aren’t working out, IT’S OK NOT TO TRADE! I used to […]
The 1% risk rule means not risking more than 1% of account capital on a single trade. Risking 1% or less per trade is the standard for most professional traders. Here’s how that works. For day traders and swing traders, […]
The one-bar or one-candle trailing stop loss aggressively moves the stop loss as each bar or candle closes. This reduces risk quickly, locks in profits, and prevents holding through a pullback. Use from the outset of a trade, or once […]
When day trading, set a maximum daily loss and loss-from-top limit to control how much is lost in a single day. We don’t want a single bad day to ruin our week, month, or year! When day trading, I recommend […]
As a professional day trader since 2005, I spend 0.5 to 2 hours per day taking day trades. My trades last several minutes each, and I take on average 3 to 10 trades per day in that 2-hour period. Assume […]
To get into the zone for day trading, I recommend having at least a 5-minute pre-trade routine that you do before you start looking at charts or placing orders. The routine gets you into the proper mind frame: focused, detached […]
A trade trigger is a precise event that tells you to get into or out of a trade, right now. It helps avoid getting in or out too early, too late, skipping trades, or taking trades you shouldn’t. You need […]
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