Day Trading in Stocks: Strategies for Beginner Investors
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There are lots of courses in the market that talks about stock trading in general. Here is one that talks about “Day Trading” and generating income as a Day Trader. This is the 2st part of the series.
I will walk you through the day trading strategies that include the concepts of:
How I prepare my gap list every day
Selecting stocks to trade
Managing position size and Risks
My Strategy includes:
5 min Play
Power Bar Continuation
Power Bar with Pull Back
Mid Bar Continuation
Weak Bar Reversal
Bounce on Support Play
Bounce on 200 Day Moving Average
Entry and Exit Rules
Advanced concepts like:
When Not to Trade
Hard Stop vs. Soft Stop
1 - Introduction - We talk about what to expect and topics that we will cover.
9 - Strategies - Lot of time is spent on the strategies explaining each one of them with details on entry, stops, adding to position, targets and exits with plenty of examples on buy and sell side. This is the main focus of this course.
12 - Wrap Up - From the start of the trading day to end of the trading day, things that I do.
All the other topics are covered in the Part 1 series
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|Section 1: Essentials of Day Trading|
This is an introduction video that talks about what to expect in this course and the topics that will be covered. Note the strategies are not part of this course. It is covered in the advanced section of the course.
|Section 2: Strategies|
In this video you will learn about the strategy that I play often called - 5 minute Power Bar Continuation Play
This is the continuation of the 5 minute Power Bar Strategy with more examples on both short and buy side
This is a slight variation of the 1st strategy that you have learnt. This is the 5 min Power Bar with Pull Back
This is another variation of the 5 min Power Bar strategy. This one is called Mid bar Continuation Play
Another variation of the 1st strategy. This one is the weak bar reversal play. This is different than the rest and when the 1st 5 min bar holds, this one works with great returns.
Though this strategy is also the 5 min play strategy that you have learnt so far, but this one is very different than the rest. This is the only strategy where you will play against the direction of the gap. A lot of this is to do with the trading psychology and it works with big risk reward ratio.
These are 2 very different strategies that has nothing to do with the above. These are more of a complementary play to the other strategy. It also works by itself and has great odds.
|Section 3: Wrap UP - How one should plan their trading day|
From Start till End. This section also covers the references for additional resourses and disclosures.
Arvind Ranganath is a successful Day Trader who plays GAP Strategies. He calls out his trade’s real time on twitter and stocktwits as the trades are being formed. His blog is a rich source of information explaining in detail the trades he took and how he played them.
Being in the industry for a long time, he specializes in Day Trading. He also teaches and takes seminars explaining his strategies and concepts that one needs to understand for Day Trading.
Apart from the blog, he also has a you tube channel where he posts his trades on a daily basis and explains why he took those trades.
Arvind has also authored a DVD called "Stock Trading Success - Mastering the GAP Strategy" that focuses on day trading terms, concepts, strategies and indicators that are needed to become a successful day trader. The strategies can also be used for swing trading.