Master Day Trading in Just 30 Days: Lesson #17
17 Lesson #17In this lesson we will discuss the concept of "multiple timeframes". This is another very important - almost critical - idea that can be very useful in constructing your trades so that you reduce the initial risk that you take. Here is how this...
Master Day Trading in Just 30 Days: Lesson #16
16 Lesson #16 In the last lesson we covered basic support and resistance concepts. Swing highs and lows were discussed as one of our favorite points of support and resistance. This lesson will cover our second favorite support and resistance level -...
Master Day Trading in Just 30 Days: Lesson #15
15 Lesson #15We spent the last few lessons drilling Trend Reversal concepts into your head. This lesson takes a step away from that and starts to look at support and resistance levels. Being able to identify points of support and points of resistance is going to...
Master Day Trading in Just 30 Days: Lesson #14
14 Lesson #14We've spent the last few lessons looking at and trading trend reversals. But, we've been doing this primarily on small intraday charts in order to make scalp trades. It is time to apply the concept to daily charts. When applied to daily...
Master Day Trading in Just 30 Days: Lesson #13
13 Lesson #13In this lesson we're going to talk about setting up for the big wins. In prior lessons we learned how to make small scalp trades and how to select the best scalp trades. This should be enough for you as a day trader to make some profits and even to make...
Master Day Trading in Just 30 Days: Lesson #12
12 Lesson #12 In the last lesson discussed how to use our swings (zig-zag) and trends to make tiny scalp trades. Hopefully you're having some fun with the homework. This lesson will be a short one - we're going to discuss how to select the best scalp trades. Make no...
Master Day Trading in Just 30 Days: Lesson #11
11 Lesson #11This is the lesson where we start to have some fun! The last few lessons showed you how to eliminate the noise from charts by filtering price movements based on the current market volatility. These resulted in "zig-zag" lines. As a result of this, you...
Master Day Trading in Just 30 Days: Lesson #10
20 MARCH, 2016 The prior installment in this series introduced precise rules for the definition of LEGS and SWINGS on a chart. With these rules, chart structure starts to be visible against all the day-to-day (or bar-to-bar) noise. In this installment, we are going to...
Master Day Trading in Just 30 Days: Lesson #9
09 Lesson #9 The prior installment in this series introduced the idea of LEGS and SWINGS. But it left open the precise definition for the construction of these legs and swings. In order to do this now, you might want to refresh your memory on Average True Range -- it...
Master Day Trading in Just 30 Days: Lesson #8
08 Lesson #8 In this installment of our day trading training series, we are going to start to learn how to add some structure to a chart. Charts look random -- in fact, if you turned a bunch of charts upside down and randomly mixed them in with charts that are...
Master Day Trading in Just 30 Days: Lesson #7
07 Lesson #7 In this seventh installment of our day trading training series, we are going back to some theory. You spent the last few lessons doing drills, so now it is time to talk a bit about charts and chart theory. What Do Charts Tell us? The most basic...
Master Day Trading in Just 30 Days: Lesson #6
06 Lesson #6 In this sixth installment of our day trading training series, we are still continuing to focus on order entry drills. So far, we have drilled entering market and limit orders. And while the last lesson required more focus and concentration than the prior...
Master Day Trading in Just 30 Days: Lesson #5
05 Lesson #5 In this 5th installment of our day trading training series, we are going to continue to focus on order entry drills. You will be entering orders into your trading platform, while keeping an eye on the charts. We have to warn you that this particular drill...
Master Day Trading in Just 30 Days: Lesson #4
04 Lesson #4 In this 4th installment of our day trading training series, we are going to keep things very simple. This is the first lesson where you will be entering trades -- but not live trades. Instead, you will be using your simulator where you can make as many...
Master Day Trading in Just 30 Days: Lesson #3
03 Lesson #3 In this 3rd installment of our day trading training series, we will briefly switch to something a bit more practical instead of just lecturing on the basics. One of the reasons we're throwing this practical portion in here is because it might take you a...
Master Day Trading in Just 30 Days: Lesson #2
29 FEBRUARY, 2016 In the first lesson in this series, we gave you a checklist of equipment and services that you need in order to get through the first few lessons. And we encouraged you to learn the basics of your charting software and your trading platform (in many...
Master Day Trading in Just 30 Days: Lesson #1
27 FEBRUARY, 2016 OK, so you want to be a day trader. Otherwise you wouldn't be reading this very lengthy article, right? But do you know what being a day trader really means? Yes, the freedom you get by setting your own hours can be intoxicating. The profits that can...