Guide to Day Trading Strategies

Three Step Trading Plan
During the 
À
rst month in our trading plan, you will begin each morning with 30 minutes of 
aerobic exercise. You will be doing this Monday-Friday, for the next three months. It is really 
important for our students to focus on the emotional conditioning required to make the right 

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decisions under pressure, and exercise has been proven to help sharpen the mind. Every morning 
when I am exercising, I remind myself I am doing this so I can be the best trader possible. Keeping 
the bigger picture in mind makes the workout go by faster.
Once you have 
À
nished your workout, the 
À
rst thing you will do when you sit down at your desk 
is, look at the gap scan for the biggest gappers, and begin making a watch list of 4-6 stocks. 
You will write down the news catalyst associated with each stock and the entry prices and stop 
prices. If you are in our day trading chat room, you will see the breaking news headlines for all 
the big moving stocks. Typically, the headlines for all of the gappers will be posted by 9 AM. By 
9:15 AM, your watch list should be prepared. This will be a list of Gap and Go candidates and 
possibly a couple of higher priced stocks that have a good catalyst, but will be too volatile for 
a Gap and Go trade. Between 9:15 AM and 9:30 AM, you will use your order entry window to 
prepare an order for each of the top four Gap and Go candidates. You will prepare your entry 
price based on rules of the Gap and Go Trading Strategy. When the market opens, and the trades 
begin to trigger at the pre-de
À
ned breakout spots, all you need to do is press the buy button 
and start managing your open positions. As the day progresses, you will watch the Momentum 
Scanners and the Reversal Scanners for trade opportunities.
During our three Step Trading Plan, you will take 10 trades a day. Some days you may take more 
than 10 trades, while other days you take fewer. The goal is to practice trading, experience the 
emotions of being in a position and managing the trade. Your trades should be based on Gap 
and Go Strategies, Momentum Trading Strategies, and Reversal Trading Strategies. It is extremely 
important that you track every single trade in a spreadsheet. We review the spreadsheets of 
our students in our live trading courses. We want to review accuracy rates, average winners 
versus average losers, and which strategy you trade the best. Your 
À
rst month of trading is not 
about how much money you make, it is about learning which strategies are best suited for your 
personality, and discovering what type of trader you will be. In the second and third month, we 
will have you focus on the strategies you traded the best during your 
À
rst month. As a day trader, 
you need to be a master of one strategy. Mastering one strategy will be key to your survival 
in the market, while you learn other strategies. Day trading is not a profession where you can 
succeed being a jack of all trades, but a master of none. You need to achieve a level of mastery 
with one strategy before adding another.