Day Trading Based on News
Market news has been very good for day trading this week.
“Stocks rallied on Monday as President Trump said China wanted to restart trade negotiations, calming investors that were preparing for an extended trade war after an explosive weekend of tariff announcements.
While speaking to reporters at the Group of Seven summit in Biarritz, France, the president said China asked to return to trade talks over a series of phone calls with high-level officials in the Trump administration on Sunday. Trump also said that the odds of a trade deal were better now than at any point since negotiations started last year.Â
Here’s a look at the major indexes as of the 4 p.m. close on Monday:
The S&P 500 rose 1.10%, to 2,878.38.
The Dow Jones Industrial Average climbed 1.05%, to 25,898.83.
The Nasdaq Composite increased 1.32%, to 7,853.74.
Shares of Lyft gained as much as 3.6% on Monday after Guggenheim partners upgraded the company to a “buy” with a price target of $60. The firm cited the ride-sharing company’s strong second-quarter earnings as the justification for the upgrade.” Read more…
To day trade based on news, traders should be well prepared. Accessibility to the data is a unique and important tool in your trading arsenal. Day trading is an investment tactic that does online daily stock trading with a relatively short investment. The market that has the largest price range should be the best candidate for day-trading.
Before jumping into day trading, remember to do your homework first. Day traders serve two critical functions in the marketplace – they keep the markets running efficiently via arbitrage and they provide much of the markets’ liquidity. In day trading, a great deal of real-time information has to be absorbed, analyzed and acted upon in intense bursts throughout the trading day.
What is day trading? Basically it is daily, online stock trading with very short investment. The application of Fibonacci to trading can be very complex, and take much time and experience to perfect. Good day traders generally sell into good news and buy on bad news.
Some of the more commonly day-traded financial instruments are stocks, stock options, currencies, and a host of futures contracts such as equity index futures, interest-rate futures, and commodity futures. Are there effective methods for day-trading? Day trading doesn’t mean trading every day.
It is vital that day traders have access to real time market quotes and activity because fluctuations in price can make or break a day trader if an order is delayed only seconds. People who operate in the day trade markets are known as day traders. Day traders, both institutional and individual, play an important role in the marketplace by keeping the markets efficient and liquid. Day trading has become an online phenomenon in the last year which has resulted in manuals and courses on how to successfully day trade.
