What is the best day trading strategy for beginners? A day trading strategy that beginners can easily use to make money. A day trading strategy that beginners can use as a starting point to learn and improve, while minimizing losses. Novice traders should not be driven by profits. Instead, their day trading strategy should focus […]
Bulkowski’s Retrace Day Trading Setup
Thomas Bulkowski is a well-known expert on chart patterns. His book, Encyclopedia of Chart Patterns, is the ultimate reference book for chart patterns. He has also shared some of his pattern research on his website, thepatternsite.com, where you can find this retrace day trading setup. (Explore: Dozens of Day Trading Strategies and Examples – Free Learning […]
Day Trading Setup Evaluation Cycle
For day traders, evaluating trading setups in real-time is a fast and almost subconscious process. Hence, day traders must focus on post-trade evaluation to improve their day trading performance. However, day traders often neglect to evaluate their trades ex-post. Day traders tend to think that their job is over after the trading session closes. As a result, they […]
Day Trading With ADX Indicator
The ADX indicator by J. Welles Wilder is a wildly popular indicator. Many trading strategies like Linda Raschke’s Holy Grail and Jeff Cooper’s 5 Day Momentum Method use the ADX indicator to identify strong trends. However, day trading with the ADX indicator is not common. The reason is while the ADX indicator is good at identifying […]
Take Only The Best Day Trading Setups
Taking the best day trading setups will make you the best day trader. Many people think of day trading as moving in and out of the market rapidly, and making daily profits. That is what brokers would like you to believe, because they earn a commission for each trade you make. The reality is different. You […]
4 Types Of Basic Trade Setups
Understanding the different types of trade setups is immensely useful. It is an easy way to improve your trading performance regardless of your strategy. There are four types of basic trade setups: Continuation Reversal Range-bound Break-out Trade Setups for Trending Markets #1: Continuation Trade Setup A continuation trade setup finds a chance to join an […]
