Stock Market Prepares for Selling | News Worsens 4.1.20
The market reversed hard yesterday, and many traders were caught off guard.
Once is OK, but making the same bad trade again is a mistake.
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Today we use TSLA to demonstrate the need for structure. That structure becomes trading choices.
We also discuss Dow Theory and how it relates to the type of trends you pick.
Day traders have the same plan as investors, the only difference is perspective and how long you hold the trade.
Today's trade ideas are on the short side. I feel the bad news, and the closing reversal justifies a game plan for shorting VFC and JPM
Today's stock trading lesson focuses on the different time frames you can choose to make money from the stock market.
We specifically focus on day trading, swing trading, and position trading as a means to trade profitably.
The beautiful thing is that they are all valid ways to make money.
How to Properly Use Moving Averages
We discuss using simple moving averages to identify your trend and stock the odds in your favor.
Something most traders don't realize, is that you can also use those same moving averages to determine your trade management.
How to enter new trades and also how to determine your shares size.
If you have stocks you'd like to see reviewed or question, please leave a comment below the video.
Have a great day!
Pete
PS. We had a few questions about managing multiple stocks and how to find trades after the market open.
I cover that in great detail in this video.
