Day Trading Education Center

Use the Arms index to spot extreme situations on the upside and downside

Trading method of increasing a position size as the trade goes counter to your initial transaction.  Averaging down is putting good money to bad.

Discussion around managing your risk and using stop loss orders

Discusses the definition of day trading and talks about the different types of traders and a simple rule that you must follow to be a day trader.

An approach to stock selection and the common misconceptions regarding breakout trading

A rundown of the hardware and software needs that you will have as a day trader.

Day Trading is by far the hardest form of trading. This is due to the speed at which a trader must make decisions. In day trading, there are a number of factors, which will prevent a trader from entering the zone.

Understand the market dynamics of the different time zones throughout the trading day.

Live Day Trading Room 1-2-08 - watch live day trades.

Live Day Trading Room 1-3-08 - watch live day trades.

Live Day Trading Video 1-4-08 - watch live day trades.

Day Trading Video 1-7-2008 - watch live day trades.

Day Trading Video 1-8-2008 - watch live day trades.

Live Day Trading Room 11-29-07 - watch live day trades.

Live Day Trading Room 11-30-2007 - watch live day trades.

Live Day Trading Room 12-03-07 - watch live day trades.

Live Day Trading Room 12-04-2007 - watch live day trades.

Live Day Trading Room 12-05-07 - watch live day trades.

Live Day Trading Room 12-06-07 - watch live day trades.

Live Day Trading Room 12-07-07 - watch live day trades.

Live Day Trading Room 12-10-07 - watch live day trades.

Live Day Trading Room 12-11-07 - watch live day trades.

Live Day Trading Room 12-12-07 - watch live day trades.

Live Day Trading Room 12-13-2007 - watch live day trades.

Day Trading Video 12-17-07 - watch live day trades.

Day Trading Video 12-19-2007 - watch live day trades.

Day Trading Video of 1-2-3 Chart Reversal Pattern.

Video of my JCOM day trade from 5/7/08.

Learn about Jesse Livermore's rules for money management; don't lose money, always have stop loss orders in place, have cash on reserves, let your position ride, and take profits!

Level II is one of the key tools for day traders.  Level II displays the best bid and offer from available market makers in the marketplace.

Leveraged ETFs offer investors a simple way buy a broad index or sector, but at the same time, they allow traders to double the returns of a traditional unleveraged equivalent.

Margin Trading - definition, requirements, maintenance, interest

Momentum traders take positions in stocks that are experiencing explosive moves, with hopes of capturing quick profits.

The mysmp.com Live Trading Room is more than just a chat room. Our ive trading room at mysmp.com provides traders with front row seats at the screens of two full-time day traders. Subscribers will be able to see the charts and orders as they are filled in real-time via our streaming video feed. This will provide you the ability to view trades as they occur without any editing.

Scalp Trading is when a trader attempts to make very small gains with high probability.

Learn how to spot a turn in the stock market direction through a few key indicators.

Learn how to control your emotions when you are trading stocks

One of the biggest reasons for so many losing traders on Wall Street is the fact they take profits too early.

Tape reading through Time & Sales

Use the TICK index to spot extreme situations on the upside and downside

Stop Punishing Yourself. Learn to cope with trading stress.

Trading Multiple time frames allows a trader to trade with the primary trend on all time frames.  Learn to use multiple timeframes to lower your risk and increase your profits

Creating a trading plan is one of the most important components when trading stocks.

Learn to manage your trading risk by creating a winning strategy.

Expand Your Trading Risk Profile - embrace risk and watch your profits soar

Video of a day trade short on Vertex Pharmaceuticals (VRTX). 

A weak long is a trader who does not have the conviction to handle the risk associated with trading.  This, in turn, causes uncessary losses due to a lack of a risk appetite.

Learn to identify obvious support and resistance levels at whole numbers