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:
Elliott Wave - As explained before, most of the time stocks move in repeatable waves /pattern or Elliott wave even down to intraday time frame.
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.
I have combined most of the of mentioned methods with this latest Paint bar chart that I have come across. It's very simple technique and works on all time frames. It works extremely well in lower time frame volatile market as well. See this chart and
best trading indicators page.
After studying many charts, I concluded many chart patterns do form on intraday as well from 5 minutes to weekly time frame. As explained before, certain patterns tell you whether it will continue it's trend or reverse including intraday trading.
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
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.
If you are tempting in day trading stocks, and want more than what I have shown you, then I suggest you learn from this day trading course from
Markus Heitkoetter - The Ultimate Day Trading System
I attended a few free webinars and courses ran by Markus and learned and earn quite a bit. This is a course that you need to be successful in day trading
This day trading course will teach you the four simple strategies that they use to make money and guide you on
click here for your