Day Trading 101, Episode 1: Day Trading for Beginners

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Tim Bohen, lead trainer for StocksToTrade, has been actively day trading for over 15 years. He’s also passionate about teaching others how to actively day trade and swing trade. In this new Day Trading 101 series, Bohen brings it back to basics to help you build your foundation.

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In 2021, trading stocks is more convenient than ever. With technology, computers, smartphones, and 5G, it’s easier to keep a day job while learning how to trade on the side.

Now, let’s look at some quick definitions … For one, what defines a day trader?

Day traders are in and out of trades within the same day. It can be mere minutes or hours. These traders try to capitalize on momentum … But they’re not holding long term.

This is key: Day trading and investing are NOT the same thing.

Now, what about hours? Listed stocks start trading in premarket from 4 a.m. to 9:30 a.m. Eastern, then the market opens. From 9:30 a.m. to 4 p.m. is regular market hours — the best time for trading. After hours runs from 4 p.m. to 8:00 p.m Eastern.

Don’t press your luck with trading premarket OR after hours. It’s risky for several reasons.

Now, if you have a small account, which many new traders do … you’ll be under the pattern day trader (PDT) rule. The PDT says you can only go in and out of the same stock in one day, three times in a rolling five-day period.

Don’t let the PDT discourage your day trading drive! Bohen has tips and techniques to help you cope.

Plus, he dives into more essentials like float, technical indicators, hot sectors, volatility, and more.

Tune in as Bohen explains each and why this knowledge is so important for day traders…

And check back for our next episode. We’ll dive into the nitty-gritty of how to find a good stock to trade!


#StockMarket #Stocks #DayTrading
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*Tim Bohen teaches skills others have used to make money. Most who receive free or paid content will make little or no money because they will not apply the skills being taught. Any results displayed may be exceptional. We do not guarantee any outcome regarding your earnings or income as the factors that impact such results are numerous and uncontrollable.

You can lose money trading stocks. Do not invest money you cannot afford to lose. You understand and agree you will consider the important risk factors in deciding to purchase any of our products or services.