Day Trading Trendlines For Beginners

Welcome to Day Trading Trendline Strategy!

We are so happy you're here! Watch this first video and be excited to learn!

Here we will talk about the Psychology of a Trader needed to succeed in today's market.

Day Trading 20% Execution and 100% Mental. You will need both to understand and succeed.

It will take sheer discipline in executing the strategy at the right time to get a positive exit.

Trading View is the main online tool used in this course.

It's a Stock Market Watch tool that allows users to connect to their broker account and make trades. It provides access to several drawing tools that will help us succeed at identifying current trends.

Building a Relationship is key to understanding how ticker symbols move and respond in each situation. Throughout this video, you'll want to pause and practice this. Take a ticker symbol of your choice and draw downward and upward trendlines with All time high levels identified. Refer to the video for review.

Action and Safety lines are the backbone of what we are learning.

They tell us when to consider to enter into a trade and where we should exit a trade.

This is the first part of the actual meat and potatoes, (the strategy).

We identify when price is starting to cross a trendline, indicating a potential breakout of current trend. Follow along in this video and start practicing this in your own Trading View account.

Breakout and Bounce is the second strategy.

We can either trade on the breakout or wait for when price shows us point B of the line before entering in on our trade.

Let's learn about Support and Resistance lines.

Think of support and resistance as invisible floors and ceilings in the price of a stock or asset:

• Support is like a floor where the price tends to stop falling and bounce back up.

• Resistance is like a ceiling where the price tends to stop rising and pull back down.

These levels are based on past price behavior and are used by traders to predict future movements.

Here's an Analogy:

Ball equals price

Imagine a ball bouncing between the floor and the ceiling:

• The floor (support) keeps the ball from falling further.

• The ceiling (resistance) stops it from going higher. Eventually, the ball might break through—either smashing the ceiling or falling through the floor. That’s when traders look for breakouts or breakdowns.

Finally, we can now apply the strategy as a whole from start to finish.

We draw our upward and downward trendlines. We draw our support and resistance levels and then we execute based on price action. Go ahead and practice this on your own account!

Believe in Yourself!

You are the engine behind this strategy. Put in the time and effort every day to learn and improve.

Most importantly, you have to believe in yourself! This isn't rocket science. If other people can figure it out, you can figure it out too!

The secret power you need is ONE.

There are so many day trading strategies to try. It's very easy to start one and then learn another and another without mastering the first one. This is where a lot of beginners mess up. They get so focused on all the shiny things and promises that they never focus and master what they started.

You need to pick one mentor, strategy, ticker symbol, and timeframe. Then, trade with only those things. Watching more than one ticker symbol will mess up your performance. So, start small with ONE!