Hello, my friend, and welcome to this tutorial on Day Trading Tips. This post discusses day trading tips and tricks for intraday trading the stock market, futures, E-minis and other equity indexes that can help you trade for a living by getting an edge over other day traders. Enjoy!

Was this post/video on Day Trading Tips helpful to you? Leave a message in the COMMENTS section at the bottom of this page. 

PLEASE “PAY IT FORWARD” BY SHARING THIS VIDEO & ARTICLE ON FACEBOOK OR TWITTER by clicking one of the social media share buttons.

Day Trading Tips – Video

Welcome to this video on the most recent day trading tips that I’m going to show you today. So today’s day trading tips are for newbies. It aids with your psychology. It’s for intraday trading indexes where it works the most effectively. So, as you can see here, I have the e-mini S&P.

I’ve got a 2-minute chart. You can vary this depending on what you want. However, I do use this for intraday trading. Now here’s the trick over here. I have the Advanced Decline line and I use the same time interval.

Introduction to the Advanced Decline Line – Day Trading Tips

The advanced decline line is a breath Indicator and it’s basically an index. It’s measured by the number of advancing stocks and the number of declining stocks, and that’s it. So how are we going to use this? We’re going to use it to get a little bit of an edge every so often. This is not something that’s going to help you on every trade, but it is something that can give you a heads-up sometimes before the market or trading does, and that’s what we’re looking for.

So I’m kind of an edge, right? The first one is that we can see that on the S&P mini, we get a higher high, but on the advanced decline, we get a lower high. That’s a heads-up, a little bit of a leading indicator. Now remember, this is not really an indicator because it’s not taking the data of the S&P mini and running it through some type of mathematical calculation. It’s actually just measuring the statistics, so that’s the difference between an indicator and a statistic.

Assess Whether Market Strength is Sustainable

It’s an index in and of itself. So the advanced decline line matters when stocks are not following through. That would be a little heads-up that maybe this puppy is not going to continue to go up. So there would be one. Now a lot of times it’s going to follow pretty similarly, but then other times we’re going to find other times when they are not following through.

So here, for example, we see these highs coming up here and here, match these highs. We got them there. So for the e-mini, for the S&P, this is the market we’re trading. We see that we generally have equal highs, but not so on the advanced decline line. So here, I make it into candlesticks.

Best Suited for Trading Equities – Day Trading Tips

It’s something that I use when I day trade the equity indexes. So if you’re trading Forex or individual stocks, this is not going to be as helpful. I don’t think there is anything similar to this for Forex or at least not equal to it. So this isn’t really for Forex. This is for equity trades.

Also, with individual stocks, it’s great if you’re dealing with the S&P, the Nasdaq, or the Russell, big indexes like this, because that’s really what you’re looking at, the conglomeration of all these different individual stocks put together and plotted as one index. So great tip for you there.

Wrapping Up!

By the way, if you found the video helpful, feel free to give it a thumbs up and share it. I really appreciate your feedback and encouragement. They keep me going here to create more free tutorials for you.

Free Offer!

And finally, I am offering one of my favorite trade strategies called the Rubber Band Trade. Absolutely free. And I want you to go and make some money. Try before you buy, or well, actually try and never buy because there’s no charge for this trade at all. And I’ll give you the setups, the exits, all the rules for it. It’s an objective rule-based method based on price pattern action that I don’t think anyone else teaches.

I’ve never seen anything else teach this particular price structure. So go get that by clicking on the green icon in the top right-hand corner of the video there, or by clicking on the green button below, and that’ll take you to a page where you can opt-in, get the video for the rubber band trade strategy, along with some other great free tutorials, one of my little mini-courses, absolutely free, courtesy of Barry Burns here at Top Dog Trading.

GET MY FREE MARKET ENTRY TIMING INDICATOR

BTW, if you’re interested in the indicator that I use personally for very precise entries and exits. I’m happy to share that with you. Just send me an email at [email protected], and I’ll show you how to get access to that indicator.

What did you think of this Day Trading Tips tutorial? Enter your answer in the COMMENTS section at the bottom of this page.

PLEASE PAY IT FORWARD BY SHARING THIS VIDEO & ARTICLE ON FACEBOOK OR TWITTER by clicking one of the social media share buttons.

FREE GIFT!

I’m giving away one of my favorite trading strategy that works in trading the markets. Just click on the button below, and I’ll personally send you an email with the first video.

Those interested in this video of Day Trading Tips that works in today’s markets also showed an interest in this video:
https://www.topdogtrading.com/day-trading-basics-part-1/

Subscribe to my YouTube Channel for notifications when my newest free videos are released by clicking here:
https://www.youtube.com/user/TopDogTrading?sub_confirmation=1

The post Day Trading Tips appeared first on Top Dog Trading.