Advanced day trading strategies
Feb 15, 20221. Adding to a position when Level 2 and tape confirms your biased is a way to maximize profits while minimizing risk. Below is the chart for ticker symbol $SPCE and the add including the thought process at the bottom of the chart.
2. Reversal Trade after 2 PM: Below is the chart for ticker symbol $UPST and the thought process at the bottom of the chart with stop loss, target points and entries. False breakdown and was stopped out since I moved my stop loss to protect profit. The stock closed at the premarket high and run without me. It is inevitable that we will be leaving some money in the table at times and that is part of trading. We just have to take what the market is giving us while protecting our profit and psychology.
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