Day Trading Blog
Check out our latest trading lessons, watch lists, trade recaps, and more.
Free Scan Sunday: Stocks to Watch for Monday March 25, 2019
Hope everyone had a solid weekend! Tonight is my first Daughter Daddy dance so that should be exciting although, she needs to stop growing up so fast!! I want you to think about this tweet for a bit -- and think about one change you can make moving forward - whether...
[WEEKLY LESSON] How to Navigate the Pattern Day Trader Rule
The Pattern Day Trader Rule (PDT Rule) is one of the most common grievances amongst new traders. This FINRA rule states that traders with less than $25,000 in their accounts are limited to three day trades (known as “round trips”) in a five day rolling period. Failure...
[FREE VIDEO LESSON] Review of Last Night’s Scan + Trade Recaps
If you missed yesterday's free scan, you can find it here. Review yesterday's video before today's so you can get a better understanding of how the planning process impacts the trading process. These are the types of resources we provide every single day for IU...
Free Scan Sunday: Stocks to Watch for Monday March 18, 2019
What a wild week of algorithms in the market last week. It seemed like each day any name with 5-7 million or less float was quickly turned into the trading vehicle of the day for these intense volume creating algo's to work shorts into the names & squeeze them out...
[WEEKLY LESSON] Becoming the “Master of One”
You’ve probably heard the expression, “Jack of all trades, master of none.” This simple maxim speaks volumes on the relationship between effort and outcome. Simply put, those who try to master everything will master nothing. The world’s best cardiologist doesn’t...
Free Scan Sunday: Stocks to Watch for Monday March 11, 2019
Coming off the most wild week of the year - you need to really zone in and focus on what you're good at and not what you wish you were good at and wish you had nailed. Look how many people got smoked because they wanted a piece of BPTH so went for the next best thing...
[WEEKLY LESSON] The Case for Disconnecting from Your Trading Capital
Money is a timeless source of confusion, stress, and irrationality for many people. Money's power may seem mysterious, but the reality is most people have a very basic relationship with their capital. The average person only deals with money’s most basic property: its...
Free Scan Sunday: Stocks to Watch for Monday March 4, 2019
Hope everyone had a fantastic weekend. We had some fun on the slopes! https://www.instagram.com/p/Bujv6lMHIjV/ We had a lot going on the last two weeks and we've done a ton of recaps! I hope if you're new to seeing this scan that you've had a chance to see our recent...
[WEEKLY LESSON] The Importance of “Statistically Significant” Data
Day trading is a game of probabilities where traders attempt to control odds by placing themselves in “low risk, high reward” situations. Of course, the market will never be 100% void of risk, but risk mitigation is still possible. Certain situations have a higher...
[INTERVIEW] Paso Milak’s Incredible Journey to Trading Success
https://www.youtube.com/watch?v=OiH7wkxBTOo Interview Highlights I highly recommend listening to the full interview. It's one of the best ones we've put out to date. Here are a few notes from the interview. Paso's Journey to Trading Success Paso has been trading for...
Free Scan Sunday: Stocks to Watch for Monday February 25, 2019
Wild week last week. Trading was great but I think commentary was INCREDIBLE. It's not every day we're so zoned into a name like ZSAN and ACHV and get it down to the very candles of the breakdowns. I hope many spent some time reviewing the chat logs. Once again as I...
$ZSAN Trade Recap (+ Chat Logs) – RESPECTING Price Action Above All Else
We've had quite a bit to talk about lately. I think the best time to learn is LIVE during market hours, but if you can't be live do it via replays. Unfortunately I didn't record the live action today like I do sometimes, but for those of you who do have access to it,...
[WEEKLY LESSON] Using “Conviction” to Determine Position Sizes
Traders often get caught up in the “all or none” mentality, assuming every trading decision comes down to either “Option A” or “Option B.” Do I enter a position? Yes No Should I sell now? Yes No In reality, trading decisions aren't this black and white. This reminds...
Free Scan Sunday: Stocks to Watch for Tuesday February 19, 2019
Hope everyone had a fantastic long weekend! Relaxing for sure but have to stay focused - there is a lot going on right now in the market and the last few weeks have been abnormally hot. This is my style market where you can have your main two or three names that you...
Understanding Themes in Trading and How $SOLO Sympathy “Fuel” Can Offer Fantastic Opportunities $RBZ $FUV
Hope everyone had a fantastic day! Got some KILLER trades off on RBZ and SOLO RBZ I will explain in the video but also I did spell it out all of pre market - key levels and the "WHY" I would suggest reviewing chat logs in depth Secondly SOLO was the one we all wanted....
[WEEKLY LESSON] Why Timing is the Most Important Factor in Trading
Day trading is a game of prediction, and like anything involving prediction, timing matters. Timing is one of the main factors that separates a good trade from a bad trade. Furthermore, timing will determine the profitability of your hypothesis. You can be “right” and...