DAY TRADING DOES NOT HAVE TO BE COMPLICATED

SPY is still heading lower today. As day traders, SPY is just a guide but as long as we have our scanner that sifts through those thousands of stocks. You can still become profitable if you trade only the stocks in your watchlist: some criteria for the stocks to be in your radar or watchlist:

1. Stocks that had move up or down by more than 3% in the pre market.

2. Large Volume at the pre market, at least 0.5M shares.

3. High relative volume.

4. Clean price chart and price action.

5. Imbalance in the level 2 and tape that gives traders an edge of where this stock is heading.

6. Breakout/breakdown from the daily consolidation.

Have a solid strategy. Here, we used Reversal and VWAP play that resulted into a predictable move and made $2700 in less than 20 minutes of trading. Invest in learning those foundations of trading and once a solid mastery of that strategy is made. Rinse and repeat this strategy and you now have the skill to print money.