Article 5 Rules For Picking Great Day Trade Entries

[T2W Bot]

Day trading involves isolating the current trend from market noise and then capitalizing on that trend through well-timed entries and profit taking. These factors play a crucial role in managing potential profit expectations and risk. Trading has many challenges, but by sticking to certain guidelines success is more likely. Since the market always moves in waves, on all time frames, rules can be created for exploiting this phenomenon. The following five rules will help traders find high profit potential, low risk, intra-day trades.
1. Trade only with the current intra-day trend Trading with the trend allows for low risk entries and high profit potential if the trend continues. Intra-day trends do not continue indefinitely, reversals do occur, but usually one or two trades, and sometimes more, can be made before the trend reverses. 
Isolating the trend can be the difficult part. Trendlines provide a very simple and useful entry and stop loss strategy. Focus on trading...

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[tim3]

Great article simple clear guidlines particularly about trend.

 

[sylvester.augustine]

Excellent article for beginners wanting to trade safely

 

[Vijay11]

Very well written article. The keywords are:

Buying stocks that are stronger than the index in uptrends and shorting stocks that are weaker than the index in downtrends should provide more safety and relative out performance profits.

Ought to follow like a Mantra for Success!

Vijay11

 

[hogfish]

Easy to define an intra day trend after it has happened. Not so easy to draw your trend line as it happens, before the data points are properly there. I'd like to see Mr Mitchell tell me these things as they happen.

 

[8in8in8]

Good stuff to know