How To Day Trade
Successful Day Trading Requires Work and Market Study
How to day trade is a question I get all the time. As someone who has been trading for many years, I began to teach others after hearing this question over and over when the subject of trading came up in conversations. And not just from people who never traded before, but also from folks who had been trading but were not having much success.
So the question of how to day trade is the subject of this video. To really do the subject justice, I offer several day trading courses. I also provide personal coaching. Coaching fellow day traders on a one on one basis on a phone or Zoom call has been highly effective in helping them see the problems that have caused their trading to be less successful than it could be, and I’m very happy to be able to assist people learn how to day trade.
Anyone who wants to learn how to day trade S&P emini futures needs to have as much information as possible in order to help determine where to place a trade. Trading is not easy to do because it is impossible to know the future with any degree of certainty. But the market does give off signals and a wise trader needs to know how to interpret the signals. Market prices seem to move erratically, but with enough information, trading S&P emini futures can be done with a greater assurance of success. An S&P emini futures trader who has Information about market signals and knows how to use them makes knowledgeable traders much more successful than others who use “seat of the pants” method.
Some of the information that S&P emini futures traders should have are:
- The Trend
- The Intraday and / or Low
- The Calculated Trading Zone via Taylor’s Book Method
- The daily calculated range
- Support and resistance levels
- Stochastics
- Candlestick patterns
These are some of the bits and pieces of information every trader needs to have in order to assess a trade. Of course, that is not to say that even with all this information a trade will work out, but having this knowledge puts the odds of success more on the trader’s side.
Having as much information as possible gives S&P emini day traders a big advantage over “seat of the pants” traders. It cannot be stressed enough that without learning as much as possible about the market, it is highly unlikely that a trader will succeed at making money by day trading S&P emini futures, much less in a trading career.
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