Day Trading Strategy HOW I PROFIT EVERYDAY!

Day Trading Strategy HOW I PROFIT EVERYDAY!


so people keep asking me to talk about
my current strategy what I’m doing differently in the last couple weeks
that has made me consistently profitable and I’m a man of the people so I’m going
to answer those questions on I explained my whole current strategy that I’m using
right now with day trading the small account so stay tuned so if you want to
learn more about day trader you want to see live day trading videos real day
trading videos I do it all live here every morning make sure you subscribe
the channel like this video comment leave a comment ask questions and I’ll
help answer those questions and help you as much as I can but I need your help
first so help me help you so the first misconception that a lot
people ask me they say are you short biased or are you long biased well it’s
not that I’m long biased or absorb bias it’s that I’m to divide if I see a stock
that’s getting crashed out it’s got bad news I’m going to short it if I see your
stocks got really good news it’s going higher and higher and higher it’s
squeezing it’s got a lot of volume I’m going to go long so recently the market
has just been kind of like slow it’s summertime the small caps really haven’t
been doing it and crazy been a while since we had like a real crazy runner
it’s been easier to short and for the last two three weeks now I’ve been
shorting more and more and I’ve actually just been consistently profitable every
day you know 200 300 400 dollars I think itís a couple like 700 800 are days but
really some amazing profits just from shorting and we’ll talk about how I
found those stocks why shorted those stocks and just talked about some of the
breakdowns on these stocks so I think a good example would be b/w shorter that’s
what a couple times the last couple of days and just kind of talk about why I
shorted it so BW had bad news it jumped down from $10 down here to 690 so I’m
gonna break it down from the start of us explaining the whole strategy what I do
and how I find these stocks so the first thing I do is I wake up in the morning
that’s that’s obvious but what I normally do is I get up around 8:45
maybe 8:30 because the thing is I feel like if I wake up earlier I end up
trading pre-market more and get riskier so the big thing for me is I like to
trade from that maybe nine o’clock really the best time is open but
sometimes I trade a little bit earlier and one of the things I notice while
I’ve been shorting these socks is even if I short the top pre market normally
at open we get a little bit of a spike so I could’ve got a better entry anyway
so it’s been better for me to wait till open sometimes you get those big draw
Spri market but a lot of times you still get a nice range there pre market so it
gives me a little bit of time to go short here pre market if I see a Sox
jumping up I got time to shard it kind of watching that pre market high check
out a couple of our websites the first website I check out is stock market
watch com I go to pre market here I look to see what’s got what’s gap in now
what’s gap it up you can see the top gaining stock top losing stocks so I can
see right there BB o X is on there it was it already gapped down 26% so after
after seeing that gap down I would go on my broker check out BB o X chart you can
see the 5-minute artisan got down from 750 down here to 565 there pre market
and it sold off huge and basically what I would do from there just you know if I
had time if I really like the chart if it looked like it was really bearish I
would didn’t go over to stock twits check out the feed there see what kind
of information was out in there see what kind of news is going on see why the
stock drop down just to get an idea just so I’m like okay this talks about really
bad news it’s crashing down and I’m gonna go short here and basically
waiting for open and I would see this stock jump up there it really the stocks
just crashed bracele right it open I didn’t exit rate as well because it
didn’t have volume but I’ll give you another stock to give you an example
BW I treated this one yesterday and you can see how this one worked out actually
you can see they’re pre market right before open it jumped up there 309
double top there I’ve opened it jumped up the 310 clinical higher had a lot of
resistance there and then crashed down down here the 286 area and I ended up
going short here right below this 306 I wanted to get 305 couldn’t get fit here
we got 302 instead and I end up covering here at 290 you see later on it end up
squeezing cut a couple squeezes and then crash down at the end of the day but
give you an idea so you can see the stock pre market really to do much kind
of sole it off as squeeze higher got stuck there at 292 so you know I could
have maybe shorted there but really waiting for that open spike waiting
first I’m actually open C in the volume seeing where stocks letting go and then
shorting it there at that kind of high resistance if I see that triple top
there give you a good example of why I short it there another stock I traded
this week was what else I trade so I traded fo SL you can see here on the
5-minute chart had a double top there at the 9/10 area once I follow that open
c910 pre market high was 927 couldn’t get close
to that got 910 double top clear example go short there so I’m going to go short
there as a double top I see that resistance there it’s not selling off
it’s not going higher it’s got a lot of sellers and I’m going to jump in there
or right at that double top maybe you know if I can’t get in maybe get in
there like 905 are the $9 area I think I ended up getting like 902 extra on this
trade and you can see it crashed down here all the way to 837 so had a big
sell-off there at open you get that continuation it gapped down after hours
and then pre-market kept selling off its sold off for 935 all the way down here
to 837 one of the things I find with these shorts is usually here at open if
it doesn’t want to run if it has resistance it’s getting that resistance
there are a lot of sellers you’re going to get that sell-off even if it runs up
later on the day right there it open what happens is people are kind of
waiting there watching if it starts to crash Evert starts selling it’s a panic
because I think it’s going to go lower and lower and that’s what happens until
it finds support it just kind of sells off you get that crash down you can
usually get you up 50 60 maybe a dollar move there depending on the news
depending on the stock some stocks I’ve seen you know two or three dollar moves
just in the first five minutes so really some crazy moves here shorting these
stocks that open watching for that key resistance that’s the thing you don’t
want to short it too early you don’t want to just short it right out of the
gate you really want to wait make sure you see some resistance there make sure
you see some selling make sure you see that there’s a lot of resistance you
know on the level to looking at level to sellers seeing how many shares they’re
making sure there’s a lot of pressure because I don’t want to just jump in
there and all this I get squeezed so I’m looking for those key things I like
stocks of bad news like I always say there’s sort of these stalks of bad news
usually bad news can help you suck to lower and lower one of the things the
lock people do they short stocks that have really good news that go higher and
higher really fast they short of taken to crash down but I don’t really like
that because you get a song that goes up really fast and then all of a sudden you
short the top and then it drops you’re like oh this is awesome then all of a
sudden boom squeezes again goes higher and higher something like this to talk
with bad news it’s a lot easier to kind of watch it and get an idea you get that
double top okay that’s a lot of seller pressure there this is looking good I’m
gonna go short and then you know if I’m for my risk for where I would cover out
I’d probably cover at you know if I got it here at short at nine ten probably
cover there at nine 21 which is a kind of a double top there pre market so give
me like a 10 cent move there and keeping my tight stop I probably
maybe cut a little bit earlier but I kind of watch that 920 area as a key
area to watch I would cover there you can see how that move worked out there
on fos L so I’ve been shorting a lot of different stocks last couple weeks the
trading literally for the first 30 minutes making my goal for the day
easily in the first five minutes sometimes you know really at open I can
just short a stock boom out and done for the day
I’m not saying that I’m short biased so right now is this is the way the markets
been working hasn’t been a lot of follow-through the stocks that have bad
news have been crashing now nicely I like to find stocks that I kind of have
a little bit of idea about you know stock like fossil it’s a watch company
they have bad news its retail it’s in that sector right as though it’s not
that good it’s going to be crashed down so gives you a little bit more
confidence when you’re making these big trades you know going into with two or
three thousand shares looking for that move lower you know I get in here at
9:09 can just move down with 870 area I think which is what I got on that SL SL
move that’s 30 40 cents the 2,000 shares make six hundred eight hundred dollars
on that move alone it’s beautiful so really capitalizing on these quick moves
right here at open and just being done so the same way these stocks gap up
sometimes you can do play the same way so if it stocks gapping up you’re
looking for those pre market highs to break you looking for pre market support
to hold everything I talked about with shorting I can talk about as well with
with long so if you don’t want to short you can use the same strategy to go
wrong go in five stocks that have good news
stocks that want to gap up but the problem with stocks and good news is I
find stocks was really good news sometimes the talk goes up up up up up
and all the sudden start selling off and you don’t really know why it’s really
hard to predict with a stocks got a sell-off yes are those really crazy big
news it’s just going higher and higher and higher and you don’t really know you
need some you know a might end up buying in there right before it crashes the
thing was shorting is if I’m going to short here if I’m gonna sort these
double tops I know there’s a lot of selling pressure there I know I’m kind
of protected I know you know sure it can squeeze higher I can go crazy but at the
same time it’s like okay I’m shorting there for a reason because I know
there’s a lot of pressure there to drop this stock down so it gives you more of
an idea I’ve been really consistently profitable the last couple weeks it’s
because I’ve been trading the setups it’s been sorting these double tops at
open shorting double tops on the chart looking for those double tops finding
stocks that bad news stocks that are already sold off big that’s really been
working out great for me changing my strategy keeping my consistent profits
and I’m gonna keep doing it as long as I can here
once I see a difference once I see my profit start to kind of go down as I
have a hard time I’m going to change it up goes more long by it so keeping an
eye on those things and just kind of trading what the mark gives me and
that’s really what it’s all about the day trader is being versatile being able
to see the different trends be able to see the different setups like these kind
of setups and being able to trade those ups when they have it the last couple
weeks really shorting these stocks open has been really profitable for me so
hope you guys learn a little bit I know it sometimes that is ramble on and on
but hopefully you guys got some kind of information out of this video if you
have any questions leave a comment below I’ll try to answer them to help you guys
with shorting or the strategy talked about it more in the video if you have
specific questions let’s leave those comments below

45 Comments

  • kazman20

    August 14, 2017

    this video was the best you have made so far, very inciteful and extremely helpful. subcribed.

    Reply
  • Pawlik

    August 14, 2017

    Great Video Patrick thanks a lot! what if the stock is for example double or triple bottom is that a pattern to go long?

    Reply
  • ShotsFiredTV

    August 14, 2017

    Thanks

    Reply
  • Sammy Gasana

    August 16, 2017

    i had a question
    how much time does the news you get from stocktwits usually take to start influencing the stock for example if we have bad news release how much time does it usually take for the stock to follow and start crashing

    Reply
  • Sammy Gasana

    August 16, 2017

    what kind of things do you account for when making a watch list?

    Reply
  • Harpreet s

    August 18, 2017

    hey i am harpreet from india and day trading becomes very very popular in india so i request you to give views on indian markets…

    Reply
  • mani singh

    August 23, 2017

    I don't have the courage to day trade, tried it once can wipe you pretty quick.

    Reply
  • Timo

    September 21, 2017

    How do you check the news on the stocks? which app/site?

    Reply
  • Andreu Giro

    December 30, 2017

    Where are you from and where dou you trade, in the USA??

    Reply
  • Dave Harlev

    April 4, 2018

    What is your strategy on profit taking ? When do you take profit ?

    Reply
  • Tech Geek

    April 15, 2018

    Thanks and highly appreciated for disclosing/sharing day trading techniques . God bless you Patrick. I am curious. you said shorting you made more money. You can make money in either way right ? Infact it is very hard to get many stocks for shorting below $10.00 in IB. Down day, we can flat out focus on 2-3 inverse market ETFs. Just go long. That way you are not wandering but focused on couple of ETFs. Similar with up days. Trade TNA long. No shorting God knows my order will flag out not shares available to short or ndaq restriction[got to have buy order before short] Offcourse you have to keep your indices chart open to see the direction of the market all the time, to monitor down or up days irrespective.

    The best part about ETF is you don't care about the volume low or high. They are guaranteed high volumed ticker. slap in couple of indicators/studies you are comfortable with and level 2 will guide you to the destination.

    Reply
  • Kyle Carroll

    May 8, 2018

    When you say you are shorting, do you already own the stock?? I'm just confused because the way you are describing shorting that you do it reminds me of Forex where you can either buy or sell right off the bat and I thought the stock market worked differently than that is all.

    Reply
  • MidCali831

    May 18, 2018

    Anyway you can do a live trading video where you mention what exactly your doing. As in give a new user info while you do it? I would really appreciate it, how did you say today is the day I become a day trader

    Reply
  • Chris econ

    May 26, 2018

    In 4.30 where do you see thw double top?

    Reply
  • majic0101

    June 8, 2018

    When you short, does that mean you need to have the up tick to short?

    Reply
  • Schmuel Schperling

    July 3, 2018

    Hello, what are exact criteria for the short selling?

    Reply
  • Gary Lott

    July 21, 2018

    Tdameritrade says only stocks over $5 can be shorted. Is that all brokers.

    Reply
  • Michael Zhang

    July 26, 2018

    Early bird gets the worm 😉 great informative video Patrick.

    Reply
  • Kurt Francis

    August 13, 2018

    Love your videos so much…I'm currently binging them for my own education.

    Reply
  • Cyber Wolf

    August 14, 2018

    What about if a stock is at 15 percent is that potential to make a higher prophets of return or shares you purchase

    Reply
  • Brian Jones

    August 29, 2018

    What's a "double top"?

    Reply
  • nilbert pacheco

    September 1, 2018

    Hello sir. Im from the Philippines and im struggling to learn forex trading. I have demo account but always in losing trades. I got a live account but still losing. Please share help me how to trade effectively and profitably. Thank you very much sir.

    Reply
  • Giggidygiggidy12

    September 2, 2018

    Not to nitpick but the FOSL example was not a double top, not even close as a DT must occur on new highs or near New highs, not in a downtrend

    Reply
  • Derrick Roberson

    September 26, 2018

    This is a guy that really wants to share his knowledge. A lot of people try to take advantage of those who are novice

    Reply
  • Chang Lee

    October 7, 2018

    Very good!

    Reply
  • Maxwell Smart_086

    November 11, 2018

    Many greetings from Gordon – these days in London – on the sell side for his hedge fund. Happy days. 😉

    Reply
  • floppychicken68

    November 28, 2018

    I swear to God.. If I see another 'Jason Bond' Advertisement, I'm going to go out and punch a baby..

    Reply
  • iceplanetRC

    January 12, 2019

    Thank you so much! Your content provides so much value for me. I've gotten so much better at day trading since I Started watching your videos a few months back.

    Reply
  • Fernando Valle

    January 23, 2019

    great video, the thing is I'm looking at your screen and I have no idea whats going on with the smaller window on the top left, bottom right and so forth… if I were to open a sure trader account I wouldn't know where to start you know…

    Reply
  • Mistah FTM 7394

    January 27, 2019

    I get the daytrading thing. And stocks and stuff. Im into building my own business. I like to gamble for fun, not for a livelihood.

    Reply
  • Tomm Phanh

    February 16, 2019

    I swear to Buddha if I see Tim Sykes I'm going to punch his ugly face for stealing $$$ out of my MasterCard for 5 months. I already canceled the 1 month free trial in less than 2 weeks. But he kept stealing the money out of my MasterCard. I disputed it but a' hole won't refund me.

    Reply
  • Alex mak

    February 18, 2019

    If anyones watched the entire video and tried this strategy i wanted to know A. Is it simple to do or you need experience as a trader and B. Foes it work at least 90% of the time ?

    Reply
  • Jon P

    March 11, 2019

    Always great content!

    Reply
  • ColinTrades

    March 16, 2019

    Cool post keep it up !!

    Reply
  • Benji

    March 22, 2019

    You can’t trust StockTwits.. any chat you go to there’s just people pumping their own stock.. hop into any stock chat and you’ll see “hop in before it’s too late 🚀🚀” while it’s falling five dollars.. lost too much money watching stock twits

    Reply
  • JackLalanne

    April 5, 2019

    This is the best video by far I have watched in a long time…Maybe ever~*

    Reply
  • Tyler gunn

    April 15, 2019

    What if the chart pattern is developing the shape of dolphin? Is that a long signal because dolphin like jumping?

    Reply
  • Just Jonas

    April 19, 2019

    What do you mean when you say by going long and going short?

    Thanks in advance,

    Reply
  • Chris Allen

    April 27, 2019

    I get it but just seems really too risky for me.

    Reply
  • Adam Jones

    May 22, 2019

    Thanks Patrick. Your videos really broaden my mind to what's possible in the markets and after studying loads you can really forget where you actually are. Your videos keep me focussed on the right things. Awesome content!

    Reply
  • James Hickman

    May 25, 2019

    Please help me!! I love your videos and really like your lessons. I don't want to ask my question in a public comment. How can we text so I can ask ?

    Reply
  • Joe Jackson

    August 9, 2019

    Dude are you sharing your strategy or boasting?

    Reply
  • Immortal GrandMaster

    September 9, 2019

    Patrick how can I know if a certain day-trading strategy is obsolete, do these strategies have life spans?

    and I guess can you name a strategy that is currently obsolete but used to work? Thanks

    Reply
  • Elijah Mumford

    October 30, 2019

    …you are a…man…of the PEOPLE …'' THAT GOT MY…attention'''''…say…no…more…i/m…HooKed'''

    Reply
  • theaboveaveragejoe

    November 19, 2019

    It sounds like to me that you are not talking from actual experience. I can tell when someone really know what their talking about compared to someone who read a book and/or is repeating what someone said.

    Reply

Leave a Reply