Intraday Trading / Day Trading

Day Trading or intraday trading is to buy and sell a stock or security within the same day. Statistics show or the fact is not many day traders make it and most people lose money day trading.



However with a bit of stock day trading course /education, stern control of emotions, and stick to some stock trading rules, you can make money day trading.

Before we get into these intraday trading details, it is best to list some day trading stock tip, rules and criteria:

1. Volatility - You need big swings in stocks or any instruments that you intend to day trade. Any big cap in the top 100, like FTSE100 or Nasdaq stock like Google or US indexes are a good example.

2. You need to look at the historical charts to see if the trading range from top to bottom is enough to warrant the trade, e.g for stock about 10%. You need to be able to gain enough to cover the bid and ask price, like if you were given a quote of 301 310 and is there enough room to make money to the next support /resistance level?

3. You need to get some real time day trading software if you want to trade all the time. You can try this day trading software free for 30 days.

4. If you intend to trade stocks, it's wise to subscribe to some level 2 services. This tells you what real price people are buying and selling. This will give you an edge to see what the support and resistance levels are before the real time chart is updated especially when there is a big order from institutions in the queue.

   These are trades that are waiting to be executed in real time. If you trade frequently, some brokers like etrade.com provide these free of charge. You can also get this from www.advfn.com (not free), though charting and other filters are free, but you need to register with them.

   You can search the internet for level 2 service providers in your area.
   

   
   
   IntradayTrades / OneWeekTrades Trading System
   
   
   
   
   
   
5. You can get leverage from day trading stocks using Contract For Difference , and stock trading options. So you only need small amount of money to trade.

6. You practice your intraday trading with some virtual trading account 1st. If you are UK residence, you can practice spread betting/ spread trading or CFD via Capitalspreads.com.
   
   If you want to trade US stocks and options, you can . It even has real time intraday trading charts as well, with all the technical indicators. I use this for my options trade.

My Intraday Trading Methods

Sometimes, these patterns are staring at you on the stock market charts. If you are not not familiar with this or not bothered with these in the past, you may have missed a great trading opportunity.

Courtesy of Elliott Wave International, you can sing up as a free member and download a free pdf file on

Learn How The Wave Principle Can Improve Your Trading or if you prefer watching a video, you can watch this free Elliott Wave Video Crash Course


Day Trading Short Term Delta Phenomenon - Delta trading can be applied to intraday trading as well. If you put some effort into this and work out the points, you can predict when the market will turn.

Pivot Point Trading - This can be used for short term swing stock trading to intraday trading. Stocks prices seem to hover around these levels.

Fibonacci Retracements - Besides pivot point trading, prices seem to hit a certain fibonacci retracements level even down to 5 minute intraday trading time frame.

I combine all these together with technical analysis and also watching bloomberg tv to trade. Not that I day trade all the time as sometime it's hard to control my emotions, but once I have my emotions under control, I have made some very happy and profitable trades using these day trading methods.

Looking For Stock Picks Or Currencies To Day Trade? Try Ramp Real Time Day Patterns Scanner

I came across RAMP which also offer real time scan as well as end of day.

This is a monthly subscription service. You download an application once and then log online to see a list of stocks, currencies that have just formed certain chart patterns like

• Cup and handle
• Head and shoulder, inverse head and shoulder
• Double bottom, double top
• Hitting support or resistance lines
• Reaching certain fibonacci retracement levels
• Breakouts

across 7 time frames: 5 min, 10 min, 15 min, 30 min, 60 min,1 day,1 week.

You can set the alert to give you an audio sound once new one come in. It's constant scanning stocks and currencies on their database and you don't need any software or your own data.

Once you click on the symbol, it will display the chart with lines drawn using your chosen stock filter. You can then make your trade decision from these lists.

They are offering a free 2 weeks trial. So click here for your Ramp Day Trading Chart Patterns Stock Market Screener.

Learn From Intraday Trading Gurus

1. Level 2 and profit from illiquid stocks and slow Market Makers.

2. Recognize the Late Day Breakout Pattern™ and go with the trend for easy profits.

3. Spot new trends the minute they happen using the Trend Reversal Gap Method.

4. Make trades during the most profitable time of day using the 10am Reversal Method.....and more

click here for your intraday trading course

Advantages of Direct Access Trading with NASDAQ Level II CD

This CD is a must if you want to understand the New Tools of the Trade and the problems the common investor or Online Electronic Trader are faced with.

60 Minutes Day Trading

Most people including myself, thought you need to glue to the screen and watch it every second, but with a bit of practice and strong discipline, you can make money in 1 hour or 2 and even jump in and out of the trade and make profits a few times a day. (I have done this many times and very profitable trades as well !)

You can learn this 60 minutes intraday trading technique from this site where one of their slogan is

If I could show you a method that wins at least 75 times out of every 100 trades, could you make money? (I made over $2,000 in less than One hour...)

Day Trading Robot - Intraday Trading Penny Shares

You can watch a live video of how Jason Kelly, the owner of this day trading robot made over $6000 overnight, and discover how you too can profit with your own 'Automated Stock Trading Robot' following his newsletter /advices.

Click here for your Day Trading Robot Newsletter / Video


Net Picks.com

This site focus on day trading emini futures, but the principle can be applied to any stock trading. You can try them free for 2 weeks. I have tried them and they are quite good and I have learned a few things as well.



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