There are a lot of great investment options that you can choose. Some people like to work in real estate, some like to put the money into their retirement plan, and still, others are fans of starting their own business. Most of these will take some time and effort to get done though. If you would like to pick out an investment that can make you some money today, it is time to consider day trading.
Day trading can be an exciting time to take your money and turn it into an investment that will pay over and over again. Some of the topics that we will discuss in this book include:
Day trading may not be the best option for all investors, but it can be a great way to earn a lot of money and to put your money to work for you. Make sure to check out this guidebook and learn all the basics that you need to know to get started with day trading.
Genre: BUSINESS & ECONOMICS / Investments & Securities / Analysis & Trading StrategiesRight when the markets open, you will notice that the Stocks in Play will experience a very violent price action because of all the buy and sell orders that flood into the market right away in the morning. This trading will usually show up during the five minutes of the market day because o the loss or the profit that occurred for people who held their positions overnight. There are also going to be a lot of new traders and investors who want to get into the market and will want to do so right away in the morning.
There are some investors who will see that their position went down during the night and they will panic so they will sell off their stocks. There are also a lot of new investors who will see that a stock is low in price and will jump in right in the morning before the price goes up. Both of these will determine the price of the stocks and how they will do during the day.
As an investor, you will want to give this opening range a minimum of five minutes before you choose to invest. It is hard to figure out whether the buyers or the sellers will win out in the market when there is so much change going on in the market. It is best to wait at least five minutes before you make any trades with this strategy, but there are some traders who will wait up to an hour so that they have a better chance at identifying the balance of power that is available between the sellers and buyers.
Once the opening is done, the trader can work on their trade plan based on the thirty or sixty-minute breakout. There are some that will do even smaller time frames than this, such as a fifteen-minute breakout. The longer the time frame that you do with this, the less volatility that you will be able to find in the market and it will change what you are doing.
