Day Trading

You will learn some vital skills that you won’t read about anywhere else. Day trading is fast and requires split second decision making at times; it is critical that you are able to quickly assess whether the buyers or sellers are in control.  With our education on indicators such as the ARMS index or the TICK, you will be able to review the market from an overall perspective and understand when the market is too heavily favoring the bulls or the bears.  These indicators act as contrarian in nature and can foretell a potential change in trend.  A few other key stock specific indicators are covered; tape reading, level 2, and other key technical indicators will be discussed in detail to illustrate who is in control of the stock at key support and resistance levels on the chart.
 
Our cutting edge day trading strategies will serve as a great resource for learning the techniques that a professional day trader uses to consistently take profits out of the market.  The first hour of trading, commonly referred to as the “hour of power”, introduces an extremely high level of volatility which can seem erratic and terrifying to trade.  However, this is the time period where a day trade can be the most profitable.

Equally important, understanding the psychological aspect of daytrading will be critical to taking your trading to the next level.  Successfully paper trading is very different than actually managing a trade with your hard earned cash.  You may get into a groove and go on a winning streak which makes you feel untouchable.  Conversely, you may get into a slump which will make you feel like quitting.  This is normal and comes with this line of work.  The key to being successful is to remain consistent, humbled, and focused with whatever method you choose to use.  Be willing to drop your ego and adjust your strategy when necessary.  In our psychology series, we discuss many of the emotional challenges that a day trader will encounter and provide techniques to help you cope with losing streaks, focus on your trading, understand what your personality type is, and create a winning strategy which suits you.