Almost 5 years ago I put together a "day in the life of" style video. My trading has changed a bit, but I still use this tool and take this mental approach.
Here's that video along with a TOC for it below.
A Day In The Life Of A Day Trader
[From September 2014 -- In 2019 the setups and tactics remain the same... But I am more aggressive. And limit my day to the first 90 minutes of the cash market.]
In this video I walk you through a day trading [watching] the ES using a low timeframe (3 minute) and featuring short, hourly updates. It shows some of the most important requirements of trading such as the need for discipline, patience and judgement all during a day that is, for the most part, pretty slow.
***********************************************************
Table of Contents [Times hyperlinked on YouTube]
0:24 -- Beginning
2:17 -- Explanation of window and chart watched
4:18 -- 10am update; we find price testing intermediate resistance
6:13 -- 11am update; We see price showing a bit of an upside breakout
8:15 -- 12pm update; Action a bit more muted... I talk about spending the better part of the day watching... which I no longer do incidentally. Normally done by 11am.
10:38 -- 1pm update; More sideways action, but a bit more analysis.
12:58 -- 2pm update; Still in a narrow range... Answered question, "When there's nothing to do, what do you do?" Also discussed 1 of my biggest impediments in my early trading.
16:37 -- 3pm update; Classic chart pattern
19:25 -- 4pm update; Linear Regression Channel won out... I also talk about how many trades I like to take each day... which has changed incidentally.
28 February 2019
You might also like...
-
Side hustles (more formally known as moonlighting) are the “new black.” The number of people who have side hustles (and who they are) mi...
-
"STOCK TRADING INFORMATION IS LIKE BELLYBUTTONS... EVERYBODY HAS ONE." "Do you take the first piece of fruit in t...
-
" It is difficult to free fools from the chains they revere." -- Voltaire ********************************* Have you eve...
-
Every (real) trader knows that he needs a good set of simple trading rules. However, assuming he does indeed have them, following the...
-
Photo by Austin Neill FATQ: How many day traders are making a steady, comfortable and consistent living just by day trading? ...
