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Day Trader Josh's Intra-Day Trading Strategy
I like to refer to my trading style simply as “Intra-Day Trading”.
Although, I do place SWING trades periodically. For instance, I may be intra-day trading
four stocks today, but also HOLDING one stock overnight. I only teach SWING trading
to my graduates. You have to FIRST learn intra-day trading before you learn to HOLD
positions overnight.
Thanks to pay-per-share brokers that are now offering remote trading platforms to
non-professional traders, intra-day trading is now a feasible day trading strategy for
all traders.
My style of intra-day trading is best described as “Counter-Trend” trading. I go LONG
initially AFTER a Support has just broke, and I SHORT soon AFTER a Resistance has
just broke. I do not try to predict how far a trend will continue, rather I wait for a trend
to exhaust itself, then I come in for a small profit on the inevitable pullback in price.
My typical trading day:
I always start by watching (not trading) pre-market. I gather several price levels for my
initial S/R. Once the bell rings I am armed with price levels to trade, whether the price
travels up or down I have Long and Short positions.
After the first five minutes of trading “Newly formed” intra-day levels (S/R) start to form,
my system shows you how to find and trade these levels.
I typically ONLY trade the first two-hours of the market. During this period, with MY
SYSTEM, more then 75% of the days trades are in this period. Therefore, you DO NOT
have to trade all day.
I like to consider my system as “supplemental income”. Most of my graduates have full-
time jobs, but they still manage to trade the first couple hours.
I trade stocks priced over $100 (up to $200 maximum value), so there is plenty of
volatility (intra-day price swings). Once I enter the trade I then prepare to exit quickly,
at a profit (using FAST-KEY). I have a strict system of taking quick profits of 15-25 cents
per 100-share block, and never allowing the price to move more then 75 cents against me.
If the price goes more then 75 cents in the Red, I either STOP/LOSS immediately, or I am
entering a 2nd position, and up to a 300 share position.
- I NEVER HOLD a position past my predetermined Profit exit point.
- I NEVER HOLD a position past my predetermined Stop/Loss exit point.
I typically start my trading positions in 100 share-blocks, and a maximum of 300 shares.
On average, I will place about 100-150 executions (10k-15k total shares traded per day),
that’s 30-60 round-trip-trades per day (depends on how many shares per trade: maximum
up to 300 shares per round-trip-trade). The more stocks you trade simultaneously, the more
trades you will make. You will start with ONLY one stock, then progress up to FIVE
stocks, gradually.
Again, I will either profit $15-$25 on a 100-share block trade or lose up to $75 on a
Stop/Loss. If I have a 300 share position, then I chance to make $45-75 on the trade.
My average profit on each 100-share trade is $20. My intra-day average is $30 per trade
due to me averaging into each trade up to 300 shares.
On an typical FULL day I profit about $1200 ($30 X 40 trades), and I will lose about
$375 ($75 X 5 trades).
My commissions are never a problem since I pay-per-share . I pay about .004 cents
per share traded. So if I placed 30-60 round-trip-trades (100-150 executions) in 100 to
300 share-blocks, that translates to roughly 12,500 shares traded per day (250k/month)....
I would owe roughly $50 in commissions for the day (12,500 X .004 per share).
My total net profit for an average day usually comes to roughly $775 ($1200-$375-$50).
Note:
I don’t always trade 45 round-trip trades per day, on average. Most days I trade only
The first two hours of the market, placing 20-30 round-trip trades and net profit about $400.
I am very satisfied if I make more then $400 per day, in just two hours, Plus I can make
an additional $300-$1000 per week on SWING trades.
Realistically, most beginners who graduate my 20-day program can expect to profit
between $100-$200 per day, and about $150 in the first two hours of trading.
CLICK HERE to view a typical end-of-day orders log from a graduate of my program.
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