How to hit home runs in daY TRADING

How To Hit Home Runs In Day Trading

Day traders want to hit home runs and there is nothing better than hitting home runs in day trading. It goes together like baseball and apple pie. Unfortunately, many day traders confuse a Hail Mary with a home run. Not only are these totally different in day trading, but they don’t even draw comparisons from the same sport.

Ludicrous. Right? It’s an important distinction of not only what, but how, how do we get home runs in day trading?

A common pitfall for investors or day traders is trying to hit too many home runs. Lock in one triple-digit gain and it´s easy to think more ill come your way. Truth is, triple-digit gainers in the market aren´t exactly a dime a dozen. Doubles can pump up a portfolio as well. Everyone defines a home run differently in terms of an investment, so we have to cast a wide net here. For some, it might be 25%; for others, 250%. I tend to think of it in the mid to high triple digits for day trading futures contracts.

The challenge is getting there!

It’s logic, but one some folks often choose to ignore. Of course, a few folks will catch a buyout, but these are your black swans of day-trading or scalping. If you can’t live with lots of singles and groundouts, you’ll find yourself with far more strikeouts than extra base hits when it comes to day-trading.

Consistent home runs in day trading reside in buy-and-hold. Home run consistency requires consistency and waiting on the right pitch. It should never be defined by time. When we do that, we are jumping sports and throwing up Hail Marys every play of the game.

Think about how that would turn out for any pro or college football team. They are a necessary part of the game, but should not be your only play.

Confused yet? I mean, I did jump back and forth between sports, but it’s the mindset you’ll need in order to mix a buy-and-hold strategy with proper trade management in day-trading.

In the below video you can see one of the balls that was thrown by the pitcher and we took advantage of it! Proper trade management and patience brought us a home run in day trading with a profit of $1200.

TRY THE ONE TIME ONE-MONTH TRIAL FOR $149.50, YOUR FIRST MONTH WITH A 50% DISCOUNT!

WHAT YOU WILL GET:

  • 1 FULL TRADING MONTH INTO THE LIVE DAY TRADING ROOM – VALUE $299
  • TRADING SPREADSHEET STOCKS, OPTIONS, FOREX AND FUTURES – VALUE $199

YOUR OFFER TODAY: $149.50 INSTEAD

OF FULL PRICE $499

DON´T FORGET TO GET YOUR FREE COPY OF THE E-BOOK ´´ THE BENEFITS OF A RULE BASED TRADING SYSTEM´´

There are hundreds of analogies, but simply put: stay within yourself if you want to find consistency in this game.

Alexander Soares