How I Day Trade SPY 15 Minute Fade Long
Picking Assets to TradeDay traders Hlw to make money by exploiting minute price movements in individual assets (usually stocks) or in indexes, usually leveraging Lonng amounts of capital to do so. White Lines: Support and Resistance Levels to watch and fade if conditions allow, Red Line: 20 SMA and previous low, Green Line: Previous High.
Pre Market Thoughts - 15 Lonh Daily Range TradeThe night before I form a hypothesis of how I willapproach the day if the market gaps up or down. I base this hypothesis off the 15 and minute trend, Support and Resistance areas, and the prior days trend. Preparing the night before removes the emotion of randomly placing a trade.Attempt only II in which the ES and NQ line up for optimal success. Test strategiesTest trading strategies against REAL tick-by-tick data for any stock or ETF, streamed on-demand.
Preserve Your CapitalLearning, testing, or fine tuning trading strategies can become a costly exercise. Trading should be fun,wait for only the good setups. Follow your rules, stick to your stops, and knowthat everyday the market presents a new chess board. Strictly, day trading is trading only within. What exactly is day trading. Who participates in the process. See the strategies to use andhow to pick stocks for day trading.
How 15 I Minute Day Long SPY Fade Trade