Is it possible to make money as a day trader?
In the video below, I show you what's possible as a day trader.
I walk you through a real day trading example with MSFT (Microsoft) and show you what it takes to potentially be successful as a day trader.
Let's walk through our MSFT day trade...
Using my real account and real money:
I used about $5K and made a total profit of $2K, which is about 38% return.
I entered and exited a MSFT call option on March 25th.
Let's break down how we could make this happen...
1. Craft your thesis on the overall stock. You could see that it was bullish (at the time we traded it)
2. Analyze the day you are looking to trade
It was in a bullish trend, and we detected the pattern within the 3-5 minute chart.
We noticed when it fell down to the previous day support and noticed how it rallied.
When it got to that point, that was the first sign I believed that it could go back up as it did the previous day.
So from 12pm - 3pm we were able to lock in profit.
Does this always happen when you're day trading? No - there is always risk.
But the key here is being able to read stock charts and detect patterns, from an overall stock stand point to an intraday chart.
If you are looking to learn how to read stock charts, consider joining us inside of Power Trades University.