Becoming a successful trader is about testing different strategies and figuring out what works best for you. So many books and courses are out there that promise huge profits. The truth is, trading is a high-risk activity, even for seasoned pros. That’s why you should only trade with money you have set aside for this type of investing. Our main approach focuses on price action. Price action is all about letting price movement be the lead indicator instead of some complicated analysis or lagging Bollinger Band system.
Day Trade to Win uses price action as a primary driver of decision making. In a given moment, a trader has to interpret multiple values. Should I stay in this trade? Should I get out early at a smaller profit, a loss, or breakeven? Is there a trade present? Does my other trading method confirm the direction of this trading method? How many contracts should I put on this trade? If I lose this trade, should I attempt to place another or call it a day? These are all questions that run through the minds of intraday futures traders.
Having objective rules simplifies the decision-making process. You have to make the right decision. Having a retail trading robot tweaked to how you, as a human trader, would respond, is probably not going to happen. Also, you may not know anyone who will let you in the door to be part of their high-frequency trading system within the CME building. You’ve got to figure out what’s in your control and what you can rely on. That’s why price action is preferred. Have a plan through a day trading course like those offered at DayTradeToWin.com.