Most day traders frequently jump between trading systems searching for the “holy grail” of technical indicators or the latest day trading program they find on the internet. We are the only ones that can evolve ourselves into profitable day traders. Working with a compatible and successful day trading coach can be an effective way enhance our efforts to day trading success.
At times, this fear can keep you from taking profits on your trades and letting them turn back against you. This is expressed by the classic cardinal rule of: “Don’t let your winners turn into losers.” In other words, you don’t take any profits on the trade because you are “sure” this stock or issue is going “to the moon” and you are NOT going to miss out on this ride!
In this article, you’ll learn why traders use multiple monitors to trade. You’ll also learn my suggested monitor setup for beginning traders and how to know when it’s necessary to add additional monitors to your trading setup.
The NYSE TICK is a commonly used day trading indicator. In this article, you’ll learn what exactly the TICK is and the two surprising ways I use the TICK as a valuable indicator in my own day trading.
There are a variety of different markets available to day trade, with stocks, futures and forex being the most popular. Each of these markets has its own advantages and disadvantages for a day trader. In this article, you’ll learn why I consider U.S. stocks the best market to specialize in for a day trader.
