88. What is Day Trading?

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/

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Release date

Lydbog: 11. oktober 2021