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Think you don’t have time to day trade? Check this out.

29 May Posted by in Mentor Mike's Market Movie | Comments Off on Think you don’t have time to day trade? Check this out.
Think you don’t have time to day trade?  Check this out.
 

If you have been resisting learning to day trade because you think you have to spend all day watching the market, please consider this.  Besides being a trader and mentor for Pacific Trading Academy, I have been a duly licensed California attorney at law for nearly 40 years.  I had to go to court today on behalf of a family member.  I needed to leave the house by 7:45 am Pacific time to fight rush hour traffic in L.A.  Accordingly, I only had time to trade from 6:30 to 7:45, just one and a quarter hours.  Many days get very choppy and volatile around the opening of the day session and today was no exception.  But if I wanted to trade today, I couldn’t wait for things to calm down.  I had to get aggressive.  Check out the screen capture below.  It shows my trades and my score — all in an hour and a quarter.  Can you spare that much time to make money in the market?

Oh, and if you do have time to watch the market longer, check out the second chart.  It shows my replay of the entire day.  I continued to use the aggressive version of FTRW&B2GFTG and got the highest replay score ever with my basic 3/8/21 peel off targets.  Some people think my replays are a waste of time.  I disagree.  They show what the full potential of the market was on a particular day and give us goals toward which we strive.

 Today’s Charts

The trades shown in chart 1 were taken during my regular, real-time trading.  Chart 2 is my replay of the entire day.  Please click on the charts below to make them larger. Chart #1

Chart #1