How to Make $100 Per Day From Day Trading Stocks

In today's video we are going to learn How to Make $100 Per Day From Day Trading Stocks. I hope you enjoy this video and learn something new! Follow Me on IG: https://www.instagram.com/investingwithcarter/

What is Day Trading?
Day trading is speculation in securities, specifically buying and selling financial instruments within the same trading day, such that all positions are closed before the market closes for the trading day. Traders who trade in this capacity with the motive of profit are therefore speculators.

Starting With Paper Account
A paper trade is a simulated trade that allows an investor to practice buying and selling without risking real money.

How to Make $100 Per Day

Money at risk is the maximum you can risk on any trade.
Money at Risk ÷ Cents at Risk = Ideal Position Size
Assume you have a $45,000 account and risk 1% of your account on each trade. You can risk up to $450 (money at risk), and want to trade XYZYX stock. You want to buy at $50.10 and place a stop loss at $49.99—putting $0.11 at risk (cents at risk).

Divide $450 by $0.11 to get 4090. This is the maximum position size (number of shares) you can take on the trade at your risk level of 1%. You should round it down to the nearest full lot (increments of 100 shares, which is the lot size of most stocks). The ideal position for this trade is 4000 shares. This position size is precisely calibrated to your account size and specifications for trading.

My Trading Strategy
I like to use pre-market gappers and use stock studies like movavg, RSI and more to find the overall trend of the stock.

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☢️ TOP VIDEOS TO WATCH ABOUT INVESTING ☢️

Trade Ideas Scanner Review 2019: https://www.youtube.com/watch?v=lNlqZ...

Robinhood vs Moomoo | Best Day Trading App: https://youtu.be/PNGPaDphjFU

Thinkorswim Tutorial for Beginner 2019: https://youtu.be/Ha2BkFncYZI

Comments

  1. I have a quick question regarding understanding support and resistance? I will pay for your time. If you want please text me at 630-913-3195 . Looking forward hearing from you. I already have think & Swim Account. All I need a little training to understand the technical part. Thanks Maz

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