Published inInsiderFinance Wire·Oct 4, 2023Are the Fibonacci Retracements Useful in Day Trading?One of the things that day traders need to keep track of throughout the trading day are support and resistance levels. Useful technical analysis tools that help with this task are Fibonacci retracements. What a day trader works with are horizontal lines on a stock chart indicating where possible support…Fibonacci Retracement4 min readFibonacci Retracement4 min read
Published inInsiderFinance Wire·Sep 27, 2023What is the Relationship Between Stock Markets and Markov Chains or Continuous Time Stochastic Processes?When a day trader trades any market, there are always risks. One risk is missing when an equity is overbought or oversold. In other words, the market is about to turn around and you are still happily placing trades on the assumption that the current trend will continue. A technical…Stock Market4 min readStock Market4 min read
Published inInsiderFinance Wire·Sep 20, 2023Why Do Amateur Stock Day Traders Usually Lose Money?A sobering fact about day trading stocks is that only about 36% of day traders make money. 64% lose money. These numbers apply to folks who are still actively day trading. The numbers are worse for beginners who typically drop out after a series of losses. Why do amateur stock…Amateur Day Traders4 min readAmateur Day Traders4 min read
Published inInsiderFinance Wire·Sep 8, 2023How Can I Use AI to Backtest My Trading Strategy?Backtesting is an effective way to determine if your day trading strategy is going to work in the markets in which you trade. This is can be done manually or by using a dedicated program. The point is that a strategy that works again and again is likely to keep…AI4 min readAI4 min read
Published inInsiderFinance Wire·Sep 6, 2023Are There Specific Indicators Best Suited for Day Trading?Day trading profits come from accurately predicting price action. This is the same for trading commodity futures, stocks, or currencies. Traders use technical indicators based on current and past market activity in order to better understand where the market is going next. The indicators that one chooses are commonly based…Indicators5 min readIndicators5 min read
Aug 30, 2023What Is the “Flat Top Breakout” Strategy?When the market pauses at the top of a trading channel it may retreat or advance. Traders who understand the significance of upward price movement from this point can profit handsomely. The sideways trading at the top of a normal trading range is called a flat top and upward movement…Breakout Trading Strategy4 min readBreakout Trading Strategy4 min read
Published inInsiderFinance Wire·Aug 23, 2023How Do You Make Use of Daily Pivot Points in Your Trading?A useful intraday indicator is the pivot point. These technical signals tell the day trader in commodities, stocks, or forex about reversals and trends. They are calculated to tell the level at which market sentiment might change from bullish to bearish or bearish to bullish. How do you make use…Pivot Points4 min readPivot Points4 min read
Published inInsiderFinance Wire·Aug 16, 2023How to Day Trade in a Retirement AccountMany people use retirement accounts to put money aside for when they are no longer working. Rather than buying bonds, US treasuries, or stocks, individuals with the skill and inclination may choose to day trade within their account. A skillful day trader can use a retirement account to protect against…Day Trade Strategy5 min readDay Trade Strategy5 min read
Published inInsiderFinance Wire·Aug 9, 2023Is “Scalping” a Risky Day Trading Strategy?A potentially profitable strategy for day traders is scalping. The goal is to repeatedly profit from small price changes. While this approach can be a reliable money maker it takes discipline to repeatedly enter, manage, and exit trades while always setting stop losses in order to avoid a loss that…Scalping4 min readScalping4 min read
Published inInsiderFinance Wire·Aug 2, 2023Is Trading Against Spikes in Boom and Crash the Great Mistake Most Traders Make?In our opinion, trading against spikes in Boom and Crash can be a mistake for any trader. Since we do not believe that most traders trade this synthetic financial instrument, it is probably not a risk to a large number of traders. However, the lack of traders who engage in…Boom And Crash Indices4 min readBoom And Crash Indices4 min read