Investors often dream about day trading but think it is too hard to do. In reality, if you are disciplined, day trading is not hard and actually safer than investing. In this article, I will help you learn to day trade stocks. Watch the profits flow…
What Is Day Trading?
Day trading is the act of buying and selling stocks within the same day. In other words, the hold time is less than a day, thus classified as a day trade. The top day traders in the world buy a stock and often sell it in second or minutes. Within the day trading world, this is called a scalp. It is where you look to buy support and short resistance for small gains. A day trader will often bank just a dime or quarter point on a stock, but because they are doing decent share size, they bank $500 a trade or more. Great day traders make thousands a day this way with little effort.
Why Is Day Trading Safer Than Investing?
If done correctly, day trading is safer than investing. This is because your money is only exposed for very short periods in day trading. When investing, you money is exposed for years potentially. This can be during recessions, bear markets or earnings misses. Day traders only expose their money for seconds or minutes. They are in and out quickly and at night, they go to sleep in cash. This gives peace of mind.
Can I Generate Bigger Profits?
Yes, good day traders can bank easily 100% a year or more day trading. Many day traders generate up to $500 a day on a $30,000 account. Even if they only make $500 every other day, that still equals to $60,000 a year, a 200% return. Day traders also get 4x margin on an intra day basis for free. This gives them 4x the buying power or $120,000 on a $30,000 account.
How Do You Day Trade Profitably?
Day trading is not easy. If it was easy everyone would do it. To be a great day trader you need to study stock charts and indicators. Day traders need to fully understand major support and resistance levels. However, the biggest thing of all is discipline. The best day traders in the world may only take 2-3 day trades a day. Some days they will take more trades, some days they will sit on their hands and do nothing.
Find The Right Day Trading Pro To Follow
Master Trader Gareth Soloway has day traded actively for over 20 years. He is known as being the most disciplined day trader in the world as well as boasting a VERIFIED track record with a 94% success rate. You can check out his Live Day Trading Room here as well as read reviews HERE. Gareth has trained thousands of day traders over the years and teaches all the keys to finding the major levels to buy and sell as a day trader.