hey what's going on traders thanks for checking out this video my name is travis from master to
the market and in this one we're going to break down exactly how to make 100
per day from day trading stocks all right so without wasting any time first and foremost
it's going to come down to learning a strategy yes of course if you are just getting into day
trading you can kind of randomly buy stocks here and there and occasionally you'll make 100
or 200 um depending on how much you are investing but at the end of the day that's no different
from going to a casino gambling your money and occasionally winning some and that is of course
not the strategy that we want to apply to our trading because there's no consistency in that
method of investing and simply put in order to consistently make 100 per day on average
you are going to have to apply some kind of strategy to your trading now there are tons
of different strategies that you can learn uh for example you can learn how to buy the breakout in
the stock market you can learn how to trade a gap and go dip buy at support momentum trade uh buy
stocks that are oversold for the bounce you can buy candlestick reversals vwap breakouts and so
on and so forth but in all honesty no strategy is necessarily going to be much better than the other
what it's going to come down to is how well you actually execute that strategy and once you find
one that kind of fits your preferences and you start to practice it and master it you're going to
see just how easy it actually can be to make 100 or more per day from day trading stocks all right
so let's go ahead and take the gap and go strategy for example the whole idea of this strategy is to
find stocks that are gapping up in free market which simply means that they're making a big
move up from their previous day's close and the idea is to buy into them after the market opens
in hopes that they will continue their run to the upside after the market does open hence the name
of course gap and go and this is a really great day trading strategy that is very commonly used
so for example if we take a look at the chart here for bbi this is of course a stock that was
gapping up in pre-market you can see that it is forming a little bit of trend line support here
um it starts to kind of bounce around off of this trend line and ends up having a pretty solid run
after the market opens after holding that level of trendline support so i wanted to point this out
because if this is a strategy that you're using for example you don't want to just buy any stock
that is gapping up because a lot of them do tend to come crashing back down after the market opens
so you still have to apply some technical analysis and some strategy to the strategy itself
and that's exactly what we're doing here with this level of trendline support in the gap and
go strategy so by buying into this trend line support after the gap up what that's going to
do is give us a very clear and defined level of risk in case this strategy happens to fail us
and the stock ends up coming back down because at the end of the day no strategy is going to
work 100 of the time and it's going to be very difficult for you to average 100
in profits per day if you're not managing your risk and if you're not keeping your losses small
now instead of the gap and go strategy let's say for example that your preference is to trade
momentum stocks we have a really great example of what momentum looks like in the stock market here
this is a stock that is very clearly making both higher highs and higher lows overall it is moving
of course in an upward direction and that is the goal with momentum trading because there is
a pretty common misconception with new traders that it's better to buy stocks after they sold
off and after they fell to the downside and that idea comes from the fact that the stock is much
cheaper than it was maybe a few days ago or a few weeks ago so it has to be a good discount
right unfortunately that's not always the case and many times stocks that are falling to the downside
are going to continue to fall to the downside until something very significant changes in the
stock or in the company itself so the better way in my opinion to kind of buy into these stocks
is to buy into the momentum that's already going to the upside as opposed to trying to buy into
the exact bottom of a stock that is falling to the downside now the next step in order to
make 100 per day from day trading stocks is going to be to find stocks that are meeting
the strategy that you chose for your trading now of course depending on the strategy that you use
you are going to be looking for slightly different pieces of criteria for the stocks
that you're trading uh but i'm going to go over to thinkorswim here just to kind of show you a
scan that i like to use in order to find stocks that have momentum in case the momentum trading
strategy is the one that you want to go for so first and foremost make sure that you're in the
scan tab in the stock hacker in order to start finding stocks meeting your criteria and then
what we're going to do is simply look for stocks that are over the price of 50 cents per share
that is of course entirely preference that's just the minimum i like to trade personally the next
step is going to be to look for stocks that have a minimum of 200 000 shares being traded for the day
following that i like to see that the number of shares outstanding is at least 100 000 shares and
a maximum of 500 million shares and that's just because over 500 million shares that's going to be
what is considered a very large float and stocks with large floats tend to have less volatility and
they're not going to really have a ton of movement so you can actually narrow this down much further
if you'd like to if you want to specifically look for stocks that have much more volatility
now the next piece of criteria you're going to go to add filter up here and you're going to click
on study once you do that you're going to go down to volume select unusual volume and we're looking
for the volume to be at least 25 percent greater than it was over the past 50 periods and that's
going to be on the 5 minute time frame following now we're going to do the same thing click on add
filter go to study and then we're going to go down to price performance select near high lows and
then we want to see that the price is within five percent of the one period high on the daily chart
so all that means is we're looking for stocks that are having a spike up in volume and that
are within five percent of their hive day once we click on scan it's going to give us our results
and this is one of the several scanners that we stream to our members in the market master
group every single day so if you like the idea of this scanner and you want to see other scanners
i highly recommend checking out our group which is going to be linked down below in the description
okay but once you've passed that point you now have a strategy that you want to stick to
you have a plan to find stocks that are going to be best for that strategy the next step is going
to be to practice with a small amount of money now the reason that i recommend doing this as opposed
to paper trading is because in my opinion paper trading can be a very unrealistic way of getting
into trading because at the end of the day there is no money at all being at risk paper trading
is 100 virtual and 100 practice and because of that it is a nice thing to not be risking any
money at all but a huge part of trading is the emotions that become involved once you do have
real money on the line so if you start with a very small amount of money you're not going to
be risking much in terms of the amount but you are going to get an idea of what it feels like to have
real money at risk and that's going to better set you up for when you decide to dive into the market
with a larger amount and you can see there are a ton of different brokers that actually have a zero
dollar account minimum uh for example robinhood e-trade weeble td ameritrade interactive brokers
all have a zero dollar account minimum so don't think that you have to have thousands of dollars
to get started with your day trading you can put in as little as 100 or a couple hundred dollars
and get started practicing until you feel more comfortable to add more money into your account
now the next thing is a very very important step when it comes to being able to average 100
per day from day trading stocks and that is going to be to track your trades and just to break down
exactly what i mean by this there's a ton of different criteria that you can actually track
from all of the trades that you place but in my opinion the bare minimum that you should keep
track of is the date the symbol the entry price the exit price and the percent profit and loss
and the reason for this is because what you can do is once you have this information you can see
what your average profit and loss is over the past you know 10 trades 20 trades 50 trades 100 trades
depending on how long you've been practicing and that's not only going to give you an idea of if
you're ready or not to start trading with larger amounts of money but it's also going to give
you an idea of how much money you need in your account in order to average 100 in profits per day
so first i want to say that if this number the average profit and loss for every trade over the
past 10 trades or 20 trades whatever it may be is still a negative number meaning that you're
consistently losing money during any given trade i do recommend that you keep a small amount in
your account still don't add any risk onto the table until you see this number become positive
but once that number is positive um for example in this case we have a four percent average profit
per trade what you could do is then divide your 100 daily goal by your average profit of four
percent and that's going to give you 2500 so that just means that with an average profit of four
percent on any given trade you can consistently average one hundred dollars per day in profits
with an account balance of twenty five hundred dollars so the next step is simply going to be
to slowly scale up your positions until you've reached your goal and until you're consistently
making 100 per day in your trading account the key word here is of course slowly because if
you are starting off and you're just doing your practicing trades with just 100 in your account
you don't want to necessarily just jump all the way up to that 2500 account balance because again
going back to the idea of emotions playing a role in your trading that big jump up in the amount
of money that you're investing in every trade is going to cause you to be a little bit more nervous
in every given trade um it's going to allow things like greed and panic to kind of set in
so maybe go from one hundred dollars per trade to five hundred dollars per trade to then a thousand
then up to your total account of twenty 2500 and sure enough eventually once you scale up slowly
you'll be able to consistently profit 100 or more per day from day trading stocks okay so hopefully
you found this video helpful and learned a thing or two if you did please make sure to give the
video a like and subscribe to the channel and if you want to learn more about day trading swing
trading and even long-term investing make sure to check out our premium education in our interactive
trading group at master the market which is going to be the first link down below in the description
but anyway thank you again for watching i hope you enjoyed and good luck with your trading
you