The 2 simple steps you need to follow for profitable trend trading – S&P 500 day trading [Video]
|Trend trading is one of the simple yet extremely profitable strategy that successful traders adopt for swing trading and day trading. Yet, majority of the traders overlook the second step that I mentioned in the video, which is the probably the most important step when trading a trend. Without determining both steps under the right context, traders usually end up losing money.
In this video, you will find out how to use this trend trading strategy by following these two simple steps in order to be profitable. Pay attention to the price action trading concept where I will go through how to interpret the volume in conjunction with simple pullback trading or breakout trading strategy. Watch the video below:
Timestamps
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1:32 Market recap.
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4:40 Trade review.
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5:30 Trend and trading range.
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10:00 Identify the trend.
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14:50 Identify the supply and demand.
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15:45 How to determine high supply or demand.
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18:36 Current stock market outlook.
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