Guide to Day Trading Strategies

What you will learn
If you have tried day trading or watched somebody else day trade, you already know the 
concepts are simple, but being successful at day trading is like walking a tightrope. If you watch 
somebody doing it they make it look easy, but when you try it, it seems nearly impossible. 
This is the experience most new day traders will go through. In fact, it’s the same experience 
I went through when I was learning to trade. I have found that the best trades are the ones 
that have the most obvious setups and start to work in our favor almost immediately. If I 
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nd 
myself in the position of holding trades that aren’t performing or I start trying to force trades 
to work under less than ideal setups, I usually get into trouble. I’d encourage traders to focus 
on the obvious setups we teach rather than overcomplicating things.
In this book we will teach you the fundamental concepts required for day trading. You will 
learn how to manage risk, how to choose stocks worth trading, how to identify potential 
setups, how to enter and exit trades, and how to manage your emotions while you are 
trading. By taking the time to educate yourself, you are already proving a willingness to 
learn, and that puts you ahead of the majority of new traders. Most new traders will trade 
unproven strategies and then wonder why they are losing money. While you are in training, 
it is important that you only trade in a simulated account. You have to practice the strategies 
we teach and work on building your skills before ever trading in a live account. In our live 
trading courses, we review the performance of all our students to ensure they are meeting the 

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R O S S C A M E R O N
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metrics and statistics of a pro
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table trader. This means we evaluate accuracy rates, average 
losses versus average winners, how much risk they take in their trades and how they behave 
under stress of dif
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cult markets or losing positions. Once students have proven they can be 
pro
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table in a simulated environment, they will be ready to switch to live trading with strict 
size and risk restrictions. Students in our live day trading chat room bene
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t from being able 
to trade side by side with me, and hundreds of other professional traders. We have trained 
the students in our community to be the best possible traders, thus increasing the overall 
skill of our trading group.

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1
CHAPTER 1