Today, we’re diving into NASDAQ pre-market action with the Sonic trading system. Responding to your requests, I’ve set up a real-time analysis on a 3-minute chart, which has already triggered a buy signal at 20,961.25.

When placing trades, I avoid market orders to steer clear of NASDAQ’s volatility and potential slippage. Instead, I stick to limit orders, aiming for precise entries at or near my target price.

Setting Targets and Stops for Effective Trading

Once a trade is placed, setting clear targets and stops is crucial. For this trade, I aimed for a balanced risk-to-reward ratio, with a minimum 1:1 ratio to avoid excessive risk. In pre-market conditions, fine-tuning stops and targets is key to managing the volatility effectively.

Watch Out for Overtrading

A common pitfall, even with reliable systems like Sonic, is overtrading. After three or four consecutive wins, it’s usually smart to take a break. While Sonic can deliver several winning trades back-to-back, continuing too long may eat into profits. Today, after four winning trades in pre-market, I recommend pausing until the market opens or a strong setup appears.

Navigating Volatility During News Events

Be mindful of major news events, often scheduled around 8:30 or 10:00 am ET, as they can create swift price swings. I rely on a news indicator on my chart to stay alert during these times. If you’d like to add this tool to your setup, it’s available for free at daytradetowin.com.

Building Skills in Our Training Room

For those looking to go deeper, our members-only training room offers focused sessions on advanced strategies like maximizing the Sonic system and reading price action. Using micro contracts is a great way to practice in real conditions with minimal risk.

On Fridays, we host all-day mentorship for members, offering hands-on coaching on everything from risk management to trade selection with the Sonic system. It’s an ideal opportunity to refine your skills and learn from experienced traders.

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