Ep 82: Day Trading Stocks When to Trade, When to Sit
★ SUMMARY ★
When to trade, When to Sit, and some examples of day trading and some trading action.
Before you day trade, you need to decide an overall market trend, where is the trend but then also where is more of the risk.
How far are we extended? How far we extended on that rubber band at those levels? Are we coming into some major weekly support and resistance or are stretched too far.
What happens is if you have a market direction first off, overall, I look at it and say the market’s overall been heading higher. However, now, I look at where is the risk.
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