Table of Contents
What is a good setup for trading?
For day trading you want to go for a quad-core setup, with at least 2.8 GHz, though 3.3 GHz or more is recommended. This is one of our favorite Intel Processor for day trading but there are also more expensive options that may be better as well.
How do you trade in short time?
As a general rule in short-term trading, you want to set your sell stop or buy stop within 10\% to 15\% of where you bought the stock or initiated the short. The idea is to keep losses manageable so gains will be considerably more than the inevitable losses you incur.
Are there any good day trading setups each day?
There are ample day trading setups each day. But this is a double-edged sword for day traders. Learn more in a shorter time frame. Grow our trading account at a faster rate. Daily compounding leads to astronomical figures. Be more selective and take only the best day trading setups.
How to become a successful day trader?
Taking the best day trading setups will make you the best day trader. Many people think of day trading as moving in and out of the market rapidly, and making daily profits. That is what brokers would like you to believe, because they earn a commission for each trade you make. The reality is different.
How long do day trading trades last?
Using a 2-minute time frame for day trading, our trades will last on average no more than 16-20 minutes. But of course, this is only an average. We choose to focus on just 20-30 minutes a day because that way we have 30 minutes to find a good setup, get in, and get out of the market.
What equipment do you need to day trade stocks?
While it’s possible to day trade using just a smartphone, a more sophisticated setup involves a reliable computer — either a desktop or laptop ( like these sweet systems ). A high-resolution monitor can also be very useful when maintaining a high-level view of stock movements. ( Check out our guide to trading monitors !)