Our Trading Videos Are Good For Day Trading The Markets
Posted on April 23, 2012
If you have watched our Technical Indicators videos you have probably noticed that we used daily charts to explain the indicators. This does not mean that the theory and tips will not work for Day Trading.
It works exactly the same way whether it is long term trading, Swing Trading or Day Trading. So for example when we explain that Bollinger Bands can be used for reversal points then you could just as well apply that to a 5 min chart and think about a stock or future reversing intraday at, for example, the lower Bollinger Band.
Our Chart Pattern Trading Video's Can Be Used For Day Trading
The same goes for our trading videos explaining Chart Patterns. A Symmetrical Triangle for example works great on intraday charts as well. As long as the criteria for the chart pattern are met then you can apply all the tips and tricks on your favorite day trading time frame. Chart Patterns are often better to use intraday then on daily charts as patterns often use momentum to reach the profit target and we are more likely to see intraday momentum then momentum over many months. A news release like earnings can provide momentum to a stock for the entire day while it rarely gives more than a few days of movement on the daily chart.
If you are looking for specific day trading videos then we of course also provide them free of charge. We have created a series of Day Trading Strategy videos for you to gain inspiration to create your own profitable strategy that suits your trading style and mentality. It is very important you feel comfortable trading the way you do.
Just because the theory from our daily chart videos works for Day Trading too does not mean you can expect to move from long term trading to Day Trading without any adjustments. There is a lot of other factors to consider when Day Trading which we will cover in our next blog post.