Day Trading For Beginners: 6 Secrets To Consider Before Becoming a Day Trader (3 of 3)

What is the best time to day trade?

It is essential to know when to buy and sell. It is widely observed that the stock market is most volatile during the opening and closing bells, or around 9:30-10:30 AM EST and 3:00-4:00 PM EST. These periods are known as the “power hours” when you’re most likely to see price swings. As intimidating as it might seem at first, it is important to understand that your livelihood as a day trader depends on this volatility. You must develop the mindset of a tiger as it patiently waits for the right moment to pounce on its prey.

There’s one more thing left for you to complete your education about day trading. If you want to bring your game to the next level and approach day trading the right way, you’ll need to learn how to day trade stocks using a chart.

Can I succeed as a day trader?

Although day trading involves a certain amount of luck, the ones who attain financial independence have found ways to gain an advantage. In particular, they take their strategies to the next level by combing through the charts, detecting reliable patterns that help them determine when to buy and sell. This, along with possessing the right characteristics, developing a sound plan, remaining disciplined and pointpointing the right opportunities leads to success. When the economy is booming, there is no better way to make a quick buck. So if you think day trading is right for you, get started!