Day Trading Indicator Set Up for Beginners 2021 (How to use VWAP, RSI, MACD Indicators)
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Best trading indicators for Day Trading beginners. Here're the indicator pairs I recommend for trading penny stock breakouts and large caps.
🔽Time stamps:
1:41 Using MACD and RSI indicator for trend reversals & finding entries
4:13 Tax breaks & wash sale rule for investor traders
10:00 Why I do NOT rely on indicators when day trading
I do not recommend relying on indicators when day trading. But for day trading beginners who are getting started and new to the stock market, here are some indicator pairs I personally found useful when finding entries and exits in day trading.
1. MACD and RSI indicator pair
MACD is a trend indicator, while RSI tells you the strength or weakness of a stock. MACD tends to be a lagging indicator, while RSI is early.
So when put together, RSI signals potential reversal coming soon, but MACD allows you to stay in the trade until reversal has confirmed. And indicates entries for you to add.
2. VWAP and 9 Exponential moving average pair
VWAP stands for volume weighted average price, it signals the short term sentiment of a stock whether it's bullish or bearish. When putting VWAP and 9 EMA together, this pair signals a strong breakout in both penny stocks and large caps. 9 EMA acts as potential entry once that breakout as occured.
🖥️My Stock Scanners & News feed:
Benzinga Pro FREE 14 day trial (use code "HUMBLEDTRADER" to get 25% Off )
http://bit.ly/2KXeAqH
Trade Ideas Scanner (use code "HUMBLED15" to get 15% Off)
https://bit.ly/3rLAfp2
Premium Thinkorswim indicators (use code "HUMBLED10" to get 10% OFF)
https://bit.ly/2Rno2Gh
📉My Trading Broker Platforms:
Cobra Trading (Best broker for shorting stocks, $30K min)
Get 25% off commissions, mention "Humbled Trader" at the time of account opening
https://bit.ly/3iNLqJq
Interactive Brokers: https://bit.ly/2xNpQ5o
🇨🇦Questrade Canada (get $50 FREE commission trades)
http://bit.ly/2GoeUMY
Webull Free Trading app (Get free stocks with $100 deposit)
http://bit.ly/2Lhtd9X
Get My Trading Station Set Up & Favorite Trading Books
https://www.amazon.com/shop/humbledtrader
✅My REAL Social Accounts:
IG: https://www.instagram.com/humbledtrader/
FB: https://www.facebook.com/HumbledTrader
Twitter: https://twitter.com/HumbledTrader18
#daytrading #pennystocks #stocks
___
DISCLAIMER: I am not a financial adviser nor a CPA. These videos are for educational and entertainment purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.
AFFILIATE DISCLOSURE: I only recommend products and services I truly believe in and use myself. Some of the links on this webpage are affiliate links, meaning, at no additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. Commissions earned will be used towards growing this channel.
Humbled Trader FAM count: 65,300
Видео Day Trading Indicator Set Up for Beginners 2021 (How to use VWAP, RSI, MACD Indicators) канала Humbled Trader
Trade with me: https://humbledtrader.com
Best trading indicators for Day Trading beginners. Here're the indicator pairs I recommend for trading penny stock breakouts and large caps.
🔽Time stamps:
1:41 Using MACD and RSI indicator for trend reversals & finding entries
4:13 Tax breaks & wash sale rule for investor traders
10:00 Why I do NOT rely on indicators when day trading
I do not recommend relying on indicators when day trading. But for day trading beginners who are getting started and new to the stock market, here are some indicator pairs I personally found useful when finding entries and exits in day trading.
1. MACD and RSI indicator pair
MACD is a trend indicator, while RSI tells you the strength or weakness of a stock. MACD tends to be a lagging indicator, while RSI is early.
So when put together, RSI signals potential reversal coming soon, but MACD allows you to stay in the trade until reversal has confirmed. And indicates entries for you to add.
2. VWAP and 9 Exponential moving average pair
VWAP stands for volume weighted average price, it signals the short term sentiment of a stock whether it's bullish or bearish. When putting VWAP and 9 EMA together, this pair signals a strong breakout in both penny stocks and large caps. 9 EMA acts as potential entry once that breakout as occured.
🖥️My Stock Scanners & News feed:
Benzinga Pro FREE 14 day trial (use code "HUMBLEDTRADER" to get 25% Off )
http://bit.ly/2KXeAqH
Trade Ideas Scanner (use code "HUMBLED15" to get 15% Off)
https://bit.ly/3rLAfp2
Premium Thinkorswim indicators (use code "HUMBLED10" to get 10% OFF)
https://bit.ly/2Rno2Gh
📉My Trading Broker Platforms:
Cobra Trading (Best broker for shorting stocks, $30K min)
Get 25% off commissions, mention "Humbled Trader" at the time of account opening
https://bit.ly/3iNLqJq
Interactive Brokers: https://bit.ly/2xNpQ5o
🇨🇦Questrade Canada (get $50 FREE commission trades)
http://bit.ly/2GoeUMY
Webull Free Trading app (Get free stocks with $100 deposit)
http://bit.ly/2Lhtd9X
Get My Trading Station Set Up & Favorite Trading Books
https://www.amazon.com/shop/humbledtrader
✅My REAL Social Accounts:
IG: https://www.instagram.com/humbledtrader/
FB: https://www.facebook.com/HumbledTrader
Twitter: https://twitter.com/HumbledTrader18
#daytrading #pennystocks #stocks
___
DISCLAIMER: I am not a financial adviser nor a CPA. These videos are for educational and entertainment purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.
AFFILIATE DISCLOSURE: I only recommend products and services I truly believe in and use myself. Some of the links on this webpage are affiliate links, meaning, at no additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. Commissions earned will be used towards growing this channel.
Humbled Trader FAM count: 65,300
Видео Day Trading Indicator Set Up for Beginners 2021 (How to use VWAP, RSI, MACD Indicators) канала Humbled Trader
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