The beginning of the new week has gotten off to a good start with three trades from three shorts. The SPI200, Nikkei and the Hang Seng all found weakness from the open to move down and provide some clean trading opportunities. While day trading is not for everyone due to the time constraints, it can be a great way to add an extra income as the markets decide which way they want to go. It does not have to be stressful and I feel that anyone can be consistent by learning some basic price action principles.
In the video below, a show the trading for the morning as the markets found opening weakness. I explain through the reasoning for each trade and more importantly, how I managed my exits to minimise the risk.
Hope you enjoy!!
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