Day trading is a popular way for investors to make money in the stock market. However, many people are hesitant to try day trading because they believe it is too slow or that they need to have a lot of experience to be successful.
Fortunately, there are strategies like the AutoPilot strategy that can make day trading less intimidating and more profitable.
The AutoPilot trading system is a day trading technique that relies on computer algorithms to make trades automatically. AutoPilot trades occur during specific periods of the day.
When it comes to trading, there are inherent risks involved. For those using the autopilot trading system, I suggest that you begin after 10:00 AM. Ideally, between 10:15 and 10:30 AM is the optimal time for trading.
Additionally, it’s critical to pay attention to the Average True Range (ATR), which is shown on the chart. I have a few videos on how to apply and interpret ATR, which I highly recommend you watch.
The ATR is a valuable tool in determining if the market is moving slowly or fast. Historically, we’ve seen that the market is still strong in the first hour or two after it opens.
Are you interested in day trading and looking to reap its benefits? Check out daytradetowin.com and enroll in the upcoming mentorship class starting later this month.
Additionally, subscribing to the daytradetowin YouTube channel can provide you with valuable insights. Our focus is on price action and we cater specifically to novice traders who want to learn how to succeed in the world of trading.