Day Trading Strategy Demonstrated with AAPL Apple Inc
Hello and welcome back to Smart Money Alerts for Wednesday March 4, 2020.
Increased stock market volatility has amplified the opportunities for day traders. Today we review my favorite day trading strategy using AAPL to demonstrate.
Today's lesson popped up from a recent conversation about predicting long-term direction. Something I'm not willing to do.
I'm not sure anybody can. The coronavirus has slowed in China but continues to spread. Nobody has an answer.
If history repeats itself (re: financial crisis) there will be some amazing opportunities to buy stock. The only question is whether we get a V-Bottom or a clear opportunity.
A "V-Bottom" is a fast move off the lows which makes it hard to manage risk if you missed the bottom.
Today's episode of Stocks for Breakfast discusses how to set up day trades using multiple time frames of charts. Then shows you how to manage the winners.
That last part of the lesson is worth it's weight in gold. It's the difference between lightning and lightning bug. The difference between chart reading and trading.
Chart readers struggle and fail, tape readers get paid.
Two of today's trades for consideration are ETSY and NEM. Both exhibiting strength during market turmoil. In the video I give you the game for each stock.
If you have any questions send me an email: [email protected]
Have a great day!
Pete
Day trading article mentioned in the video.
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