88. What is Day Trading?

88. What is Day Trading?

Author: Follow the Money Radio October 11, 2021 Duration: 3:30
Day trading is a very short-term trading style that seeks to earn profits from a trading position within the course of a single trading day. Because the day trader opens and closes out his trading positions before the market’s close each day, this allows the day trader to avoid overnight risk.

The goal of day trading is to generate small but consistent profits each day by adhering to a set of strict money management rules.

When coaching new day traders, I usually tell them to expect an average of 1% or more on each successful day trade, though it is possible to earn much more as you improve your craft.

My personal favorite day trading strategy is to focus on trading major indices (like SPY or QQQ) as well as high-quality blue-chip stocks.

Jerry Robinson's Swing Trading Course: https://followthemoney.com/product/swing-trading-course-an-introduction-to-profitable-short-term-trading/

Learn more about Jerry Robinson here: https:/followthemoney.com/about

Get Jerry Robinson's daily swing trading ideas here: https:/followthemoney.com/join

Ever feel like the stock market is a language you don't speak? Stock Trading University translates it into something clear and actionable. Host Jerry Robinson brings over two decades of experience as a trader and coach directly to your headphones, breaking down complex ideas without the jargon. This isn't about hype or get-rich-quick schemes; it's a practical education in how markets move and how to identify opportunities. Each episode is designed to be dense with insight yet concise, fitting key lessons into a focused format that respects your time. You'll hear Jerry's straightforward analysis of market principles, risk management tactics, and the psychological discipline that separates reaction from strategy. Brought to you by the team at Follow the Money Radio, this completely free podcast serves as an audio extension of their educational mission, stripping away the intimidation factor from investing. Tune in for a no-nonsense approach that builds your financial literacy one concept at a time, whether you're just curious about opening an account or looking to refine your existing trading plan. The goal is to provide you with the foundational knowledge and ongoing perspective needed to navigate the markets with greater confidence.
Author: Language: English Episodes: 90

Stock Trading University
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