John Paul of DayTradeToWin has been fond of the 5-Minute and 1-Minute chart types for a number of years. When the 5-Minute chart is too volatile, he often recommends using a 1-Minute chart, as this causes the profit target and stop loss values to decrease, as they are based on…
A profit target is the “profit goal” for a specific order or orders. A stop loss is the amount of acceptable loss or risk for a specific order or orders. Depending on a trader’s account and means of trading (i.e., day trading software), profit targets and stop losses are typically…
Like anything in life, it makes sense to learn from people who already have experience and can provide suggestions. If you look online long enough, you will find many experienced traders who eventually turned to something called price action. Price action is the art of trading based on what is…
How many day trading systems have performance videos going back years for the public to view? That’s one of the great things about DayTradeToWin. The Atlas Line videos can be seen going as far back as 2012 or so. Over this time, the rules have stayed the same. Many trading…
In your growth as a day trader, have you used momentum, stochastics, moving averages, or Bollinger Bands? May have tried to come up with their own strategies, tested them for a period of time, went back to the drawing board or moved forward with actual trading. What tends to happen…
Perhaps it would be better to name the title of this post, “Should You Consider Trading All Times of the Day?” That’s because most of us would probably agree sitting in front of a computer for nearly a day without any sleep would make sensible trading quite difficult. Some of…
How do you know what time a market opens? If you add an ATR with a period value of 4 or so, you will tend to see a spike at the same time of the day, just about every day. For the E-mini S&P 500, that’s at 9:30 a.m. US…
Why would you want to trade futures in the afternoon when the morning is said to have the best opportunities? Because still more opportunities exist in the afternoon. Perhaps you were busy in the morning or sought to recover from a couple of trades that didn’t go so well. Revenge…
One of the best ways to control your risk is to know your maximum stop loss, your profit target, and apply them via a preconfigured setting. This way, in the heat of the moment, you’re doing less work, so that should reduce the chance of clicking the wrong button or…
Finding a day trading course or indicator that can trade the E-mini S&P 500 ES, Euro, Nasdaq, Dow, and Micro E-mini S&P 500 is not so easy. Day trading websites are a dime a dozen and it seems that many of these websites are put to together in an amateur…