Live Day Trading the US Stock Market

I watched these guys' day trade the US stock market live on YouTube.

What did I learn?
1. They talk non-stop. 
2. They track the news. 
3. They watch the premarket. 
4. They show their trades.
5. They announce both their wins and losses.
6. They talk about missed trades (Tilray) without emotion. 
7. They talk about selling too early but feeling ok because they are following their rules. 

What might not work for me? I'm not a day trader but a daily trader. Still, there is something to learn. 

I will be watching these day traders again... Coz they might be doing the homework for me. 

That's TraderTV Live... https://m.youtube.com/watch?v=7IqkUKdKKis


~ the rookie trader

PS:

What happened?

- Boring day.

What worked? Why?

- RIG up 6.20% but the overall gain is only 2.80%. There isn't any news.

What did not work? Why?

- Latest stock (AG) in but watch list went up (+4.88%) while holding stocks go down. 

What did you learn?

- I could have just bought it... If only my funds were not stuck.

What can be done better?

- To get funds, cut existing losses. Simple as that. 

What's will stop you?

- Pain. 

- No Supertrend sell signal.

- Stock is still in the pandemic low.

How to overcome the obstacle?

- Sell when the sell signal appears and keep looking for opportunities. It's better than being stuck and waiting.

Read Rookie Rules:

  • Trust Supertrend... Ignore the news analysis (remember the missed Tilray stock that went up 26% in a day)
  • Buy on Supertrend Buy signal (remember the missed opportunities in the buy watch list)
  • Sell on Supertrend Sell signal for losing stocks (remember the gradual -30% Nikola drop)
  • Sell losing stocks to keep cash rolling. It's better than missing opportunities without funds.












    • ...https://m.youtube.com/watch?v=7IqkUKdKKis

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