For Daytraders Learning How to Trade (and win regularly). This Video and Post Covers Intra-day Scalping and How to Daytrade and Win (being on the right side of the 1%).
A trading process is critical – this video and quick blog post will give the learning daytrader one more tool in their trading toolkit. Intra-day wash-out trading and what indicators to watch for.
This video is the raw daytrading video from Monday July 3, 2017. There are two $CARA trades that each last less than 4 mins. 2250.00 approx profit on the two. Also a small loss on $OPXA and a flat on $CARA. The $CARA trades are at 40:50 – 44:12 entry 16.25 5000 shares and out at 16.50 for 1250.00 profit and the second is at 1:06:19 on video in at 17.26 and out 17.47 5000 shares for + 1,000.00 profit. But I highly recommend anyone learning how to daytrade momentum stocks, market open trades, or wash – out snap backs (which is what this was) watch the complete video.
I don’t say this often (if you have watched any of my vids you will know I don’t) but I am telling you that if you are not winning regularly daytrading this is a video to study.
The reason a learning trader should watch the whole video are the inflections moment to moment are very important. How I identified the 200 ma on 5 min as critical and the 100 ma on the 15 min and how they played in to the 5 min candles as it related to price on the quarters and percentage gain intraday % on quarters and many other important moment to moment inflections.
Daytrading isn’t easy but there are systematic ways to do it. You just need to learn the moment to moment inflections and dynamics and what to watch for. You also need to learn your charting and have excellent emotional discipline. And most of all I believe you should have a coach like any good athlete or competitor. It is very very important.
Anyway, what you are doing when you daytrade is you are trading against the very best in the world. You are trading against yourself and your emotions – that is true, but you are most trading against the best in the world and they will take your money if you don’t have the skillset (the tools) and the training that allows you to execute with-out hesitation. You have to train and be able to execute like a robot – with-out the emotion, without thinking. Why? Because that is what the best in the world are doing at micro seconds in these trades. You need to be in and out when they are. You will notice after I leave this trade for the day that the stock falls off and doesn’t come back. I scalped the top and left.
What you are doing when you daytrade is you are trading against the very best in the world
The other important point in this type of trading is that this is how a small account trader can consistently build a small account. Now sure, this size of stock may not work (you need 1.00 stocks) but the discipline is the same. Take the indicators and inflections I discuss and be sure to cut very very fast if you don’t get momentum very quickly in your trade. Take the broker fee loss and just learn how to enter right before spikes (the power part of PTPTRR that I discuss in the freedom traders posts on our blog).
Best to you and if you need a hand reach out and I’ll do my best.
Curt
Email [email protected], Website www.compoundtrading.com, Twitter @curtmelonopoly, Discord discord.gg/2HRTk6n
The video (which is premarket right before open and then in to the trading day) also covers $USOIL, $DXY, $SPEX, $EYS, $NBGGY, $IMMU, $WETF
Also, for traders learning their technical set-ups I also recommend this video from our Freedom Traders series:
#daytrading, #wash-out, #snapbacks, #stocks, #scalping, #howto, #tradingprocess, $CARA