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88. What is Day Trading?

88. What is Day Trading?

FromStock Trading University


88. What is Day Trading?

FromStock Trading University

ratings:
Length:
4 minutes
Released:
Oct 11, 2021
Format:
Podcast episode

Description

Day trading is a very short-term trading style that seeks to earn profits from a trading position within the course of a single trading day. Because the day trader opens and closes out his trading positions before the market’s close each day, this allows the day trader to avoid overnight risk. The goal of day trading is to generate small but consistent profits each day by adhering to a set of strict money management rules. When coaching new day traders, I usually tell them to expect an average of 1% or more on each successful day trade, though it is possible to earn much more as you improve your craft.My personal favorite day trading strategy is to focus on trading major indices (like SPY or QQQ) as well as high-quality blue-chip stocks. Jerry Robinson's Swing Trading Course: https://followthemoney.com/product/swing-trading-course-an-introduction-to-profitable-short-term-trading/Learn more about Jerry Robinson here: https:/followthemoney.com/aboutGet Jerry Robinson's daily swing trading ideas here: https:/followthemoney.com/join
Released:
Oct 11, 2021
Format:
Podcast episode

Titles in the series (90)

Learn to trade stocks in just a minute a day! Hosted by a veteran stock trader (24 years exp.) and trading coach, Jerry Robinson. We hope you enjoy this completely free teaching series brought to you by Followthemoney.com, an online leader in trading and investing education. Interested in receiving Jerry Robinson's top daily trading idea by email or text? Learn more here: https://followthemoney.com