Day Trader Josh's Intra-Day Trading Strategy

I like to refer to my trading style simply as “Intra-Day Trading”.

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 similar to Scalp trading in that they both specialize in
taking profits on small price changes, generally soon after a trade has been entered and
has become profitable. It requires a trader to have a strict exit strategy because one
large loss could eliminate the many small gains that the trader has worked to obtain
throughout the trading day.

My typical trading day:

I sit at my trade station for the entire duration of market hours (including pre-market
and sometimes after-market trading). I wait patiently for quick intra-day dips and hikes
in the stock price to develop. I trade stocks priced over $50, so there is plenty of
volatility (intra-day price swings). Once I enter the trade I then prepare to exit quickly,
either at a loss or a profit. I have a strict system of taking quick profits of 15-25 cents
per trade, and never allowing the price to move more then 50 cents against me.

- I NEVER HOLD a position past my predetermined Profit exit point.

- I NEVER HOLD a position past my predetermined Stop/Loss exit point.

I always start my trading positions in 100 share-blocks. On average, I will place about
100 executions (10,000 total shares traded per day), that’s 50 round-trip-trades per day.
My profit/loss ratio is about 90% in the green. This translates to me profiting on 45 of
my 50 quick-trades and taking losses on about 5 trades per day. My system is very
consistent. Again, I will either profit $15-$25 on a quick trade or lose up to $50 on a
Stop/Loss. My average profit on each trade is $20, and my average loss is $35.

On an average day I usually profit about $900 ($20 X 45 trades), and I will lose about
$175 ($35 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 50 round-trip-trades
(100 executions) in 100 share-blocks, that translates to 10,000 shares traded for the day.
I would owe roughly $40 in commissions for the day (10,000 X .004 per share).

My total net profit for an average day usually comes to roughly $685 ($900-$175-$40).

Note:

I don’t always trade 50 round-trip trades per day. Some days I trade only
30-40 round-trip trades and net profit about $400.

I am very satisfied if I make more then $400 per day.

Realistically, most beginners who graduate my 20-day program can expect to
profit between $100-$200 per day.