Best Day Trading Strategy

Bary — Mon, 14 Mar 2011 00:28:58 +0000

As a follow-up to my last blog post about breakout trading, I ask the question:

Is there a “Best” Day Trading Strategy?

I’ve found the one I like the best, in fact after many, many years, this is the one I LOVE!

You can get a free 5-day video course explaining it here:

Part of the answer is that you must find one that fits your personality. Just because someone else is successful with a particular day trading system, doesn’t mean that you will be. There are several reasons for this:

You may not have the same risk tolerance as another day trader.
You may not be able to “see” the patterns another trader sees.
Your brain may simply work differently – some people are better trading numbers, while others are better trading visually.
A day trading strategy used by another may simply not make sense to you.
You may have a psychological need for more trades, or more confirmation than another trader.

That’s a short list, but hopefully you get the idea. Day Trading is not a “one size fits all” career.

While there are many trading techniques, and none of them may ever be proven to be the best day trading strategy, one thing has been demonstrated over time:

The market is a very dynamic, moving, and constantly changing thing. The best day trading approach must be flexible and adaptable.

Adapt or die!

I’ve seen so many traders adapt a day trading system, get excited that it works for several weeks or month, only to have it fail them when market conditions change.

This is a basic principle of nature. Charles Darwin rightly said that the organisms that survive are those that are the strongest, or the fittest. What he actually said was not that the “strong survive,” but that the ADAPTABLE survive as the environment changes around them.

In fact, that may be the best way to define “strong” or “fit” – ADAPTABLE – because it leads to survival through inevitable change.

Just as the world around us is constantly changing, so too, the Forex, futures and stock markets constantly change.

For this reason, the best day trading strategy will be one that is not static, but can change and adapt to changing market conditions. It is that type of trading system that will allow you to survive financially.

The method I’ve discovered does exactly that. In fact, that is the very focus of the day trading strategy – it measures the constantly changing energies in the market to point out with objective clarity when there is a high probability situation for making profits.

I created this video to give you a demonstration of this approach. Enjoy!

You can get the free 5-day video course explaining it here:

FREE 5-DAY VIDEO DAY TRADING COURSE

Best Day Trading Breakout Strategy

Bary — Thu, 10 Mar 2011 23:59:39 +0000

BEST STRATEGY FOR DAY TRADING?

There are many day trading strategies for Forex, the stock market, commodities and futures. Is there one “best” strategy? I don’t think anyone could prove such a thing objectively, but it is critical that you find the best one for YOU.

I’ve taken many, many day trading courses over the years and studied with several day trading coaches, teachers and mentors. It took awhile to learn day trading, and I learned a lot from each of my teachers. But I couldn’t take and use any of their systems or strategies exactly as they presented them and make money.

That’s not to say that any of them were a waste of time or money.

In fact, every one of them was a valuable learning experience and I’m grateful for each and every course I’ve taken.

Still, I ultimately had to find my own way.

For example, I learned “breakout” day trading strategy for trading the S&P eminis from a very famous trader (who I won’t name).

Through that experience of spending weeks with him and trading his system, I discovered that I didn’t like breakout trading! That doesn’t mean that breakout trading is bad. It works great for him. It just doesn’t fit my personality. I prefer trading pullbacks. I’m comfortable with that.

That’s me.

Is that you?

You won’t know until you actually try both approaches to trading, just like I had to do.

So that experience was very valuable for me even though today I don’t use any of the actual trading strategies I learned from that teacher. It’s like Thomas Edison who said he didn’t waste time with his 1,000 failures in inventing the light bulb. Each one of those “failures” was a success in the sense that he eliminated another way NOT to invent the light bulb!

Actually, I did finally come up with a way of trading “breakouts” that fits my personality. It allows me to keep my risk super small, increase the reward on the trade (it’s always good when you can make more money!) and gets me in before the traditional breakout day traders.

You can learn this in the video below, it’s one of my best day trading strategies:

day trading strategy – Best Day Trading

Best Day Trading Strategy

Best Day Trading Breakout Strategy

BEST STRATEGY FOR DAY TRADING?