There are two kinds of Day Trading:
The first is called "Scalping", which entails entering very short term trades with a large amount of shares, hoping for a relatively small movement in the price.
Most Scalping Trades usually last no more than five or ten minutes, and can give you one or two hundred dollars or more in net profits.
The other style of Day Trading can last much longer.
This kind of Day Trade can last as long as an hour, or even a few hours if it goes very well. I will teach you when it's time to hang in there to maximize profits if the trade is going well.
Day Trading is a VERY exciting and fast paced way to trade the Stock Market. It is also the fastest way to learn all about Charts and Technical Indicators in the shortest amout of time.
Day Trading requires a solid understanding of reading Candlestick Charts and just a few of the Technical Indicators that are included with them. That is exactly what you will learn when you take these lessons.
Like this example of a one and a half day chart of Akamai Technologies (AKAM), which was my favorite stock to Day Trade in 2006.
As you can see, it moves a dollar or more very quickly, and I'll teach you how to play these swings up and down so that you can profit either way it moves.
Don't be confused by all of the Technical Indicators you see on the chart shown above.
For my Day Trading Strategy to work, I only use three of them to give Buy or Sell Signals. The rest of them are used for confirmation only, and over time you can learn them all if you'd like to.
It's also a good idea to find stocks that mirror the movements of the Nasdaq. That makes it much easier to anticipate the next move of any stock.
AKAM is real good about moving in tandem with the Nasdaq most of the time like these charts show:
As you can see, this two and a half day time frame shows that AKAM moved nearly tick for tick with the Nasdaq.
Day Trading doesn't rely as much on understanding the fundamentals of a company you are trading like Swing Trading does. But some knowledge of it's most recent developments and news releases are required to get a feel for the overall sentiment the Market has for the stocks you chose to Day Trade.
An interesting time to Day Trade is when an Economic Report on the economy is released. This happens many times a week as this Economic Calendar shows:
It very important to know what Economic Reports are to be released each day and at what time, especially when you Day Trade stocks that mirror the movements of the Nasdaq and the other indicies.
That's because when one of these Economic Reports is released, the Dow, Nasdaq, and S&P500 can move up or down significantly very quickly depending on how the Street views the Report.
It's also important to learn which of these reports can have a bigger impact on the overall market when they are released. There is a lesson on this subject in these lessons.
It's essential to always have a program on your TV like CNBC at all times while Day Trading.
World events and news from a company that is a Dow component can have a dramatic effect on the movements of the Stock Market during the course of a day. Day Traders look for these kinds of opportunities.
Learning that a Company has just received an Upgrade or Downgrade from the Wall Street Analysts that cover it, is a good reason for entering a Day Trade on that particular Stock.
These kinds of trades playing Upgrades or Downgrades usually last all day, and can be played again the next day too. As a rule, Day Trader's almost never hold a position overnight.
Day Trading is my FAVORITE Style of Trading.
I Day Trade an average of 25 times per week, or 5 times per day. The most Day Trades I have ever done in one week is 55.
When I Day Trade, I have four charts up for the particular Stock I am trading in four different time frames, and a one minute chart for the Nasdaq. The Technical Indicators are slightly different for each time frame, and give you many signals that it's time to Buy, or it's time to Sell.
Here is a screenshot of my trading platform that spans four monitors.
Click HERE to view it.
(It takes a while to load, as it's a very large file)
The charts with all of the Technical Indicators are from the Fidelity Active Trader Pro platform, and the Watch List, Time & Sales windows, and the Nasdaq charts are from the Scottrader quote feed. I will explain all of the reasons I use both of them during the lessons.
I will show you how to Day Trade AKAM...
Or any stock of your choice (if it meets certain criteria) successfully using a minimum of three Charts, a Level 2 window, and a Time and Sales window.
And on these three charts you will only have three Technical Indicators that are the basis of this strategy.
Once you Learn the Lessons
on how to Day Trade AKAM
You can apply these Lessons to Day Trade many other Stocks, in every price range.
To request an appointment time for your Lessons, email me at:
market-master@sbcglobal.net
And I will check my calendar and confirm the date(s), or suggest a few others that are open.
Use the "Add to Cart" button below to purchase by the hour at $20.00/hour.
Just type in how many hours you would like in the "Quantity" box, and click on "Update Cart".
I suggest that you buy one or two hours to begin with, and let me show you what I can do...
If you don't use Paypal, I accept Money Orders.
Email me, and I will send you my mailing address.
Use the "Buy Now" button to purchase the 50 hour package for only $500.00
When you purchase the 50 hour plan, I will give you my Day Trading Ebook as a special bonus!
Thanks for stopping by. If you have ANY questions, please feel free to email me at:
market-master@sbcglobal.net
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