Day trading strategies: the complete guide with all the advanced tactics for stock and options trading strategies. Find here the tools you will need to invest in the forex market

Market Awareness
The first thing to keep in mind is what I call market awareness. This
involves being aware of everything that could possibly impact the price of
the underlying stock. This can mean not only paying attention to the chart
of the stock, but you also need to be paying attention to the news and not
just financial news. So let’s take a recent example by looking at Facebook.
In recent months Facebook has been constantly in the news. Some of the
news has been good such as a decent earnings report. On the other hand,
Facebook has been receiving some pushback from governments around the
world. One of the issues that have been raised is privacy concerns.
Facebook is also catching a lot of flak over its plan to create a
cryptocurrency.
So here is the point. Every time one of these news items comes out, it’s a
potential for a trend. But there are a couple of problems with this. In many
cases, you simply don’t know when dramatic news is going to come out. So
you have to be paying attention at all times and have your money ready to
go. The best-case scenario is purchasing an option for the day before some
large event. People are often reacting strongly in the markets when there is
a good or bad jobs report or the GDP number is about to come out. So what
you would want to do in that case is first of all pay attention to the news and
see what the expectations are of all the market watchers that everyone pays
attention to. Of course, they are often off the mark but it gives you some
kind of idea where things might be heading. If a good jobs report is
expected, then you might want to invest in an index fund such as DIA
which is for the Dow Jones industrial average. One thing you know is that a
good jobs report is going to send the Dow and the S&P 500 up by large
amounts. So the key is to be prepared by purchasing your options the day

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before. But on the other hand you might be wrong with your guess, which
could be costly.
You could wait until the news actually comes out. But I have to say from
my experience trading this is a difficult proposition. The reason is you
would be surprised how quickly the price rises when dramatic news comes
out either way. So when one sense is a safer way to approach things but the
price might be rising so fast that you find it nearly impossible to actually
purchase the options. That you can execute a trade the trend might even be
over. But if you’re there in the middle of the action you might as well try
and then you can ride it out and probably make pretty good profits.
Some people like to sit around and study stock market charts. During the
course of everyday trading when there hasn’t been any dramatic news
announcement or something like that which will massively impact the price
of the underlying stock, looking at candlesticks charts along with moving
averages can give you a good idea of went to enter or exit trades. However,
it’s fair to say that there is a little bit of hype surrounding these tools. The
fact is they don’t always work because they are easily misled or maybe it’s
the human mind that is misled by short term changes that go against the
main trend but is temporary. So you can make the mistake while following
candlesticks and moving averages of seeing evidence of the sudden
downtrend and then selling your position, only to find out that the
downtrend wasn’t real and it was only a temporary setback soon followed
by a resumption of the main trend. So that is something to be careful about.

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