Playing the Ping

Lines of support and resistance become opportunities to day trade the market. In this video, we'll look at something I call "Playing the Ping". Once you see these lines of support and resistance, you can create day trades that take advantage of the "ping".

To take advantage of the ping, the day trader can use specific limit orders on both the buy and sell sides of the transaction. The key is to make a little money on each trade and keep the stops tight in order to control your day trading losses.

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When viewing this video, there's a toggle switch on the bottom right side of the video player so you can veiw the charts in full screen mode.

(By the way, this is just a 5-minute sample of one of the strategies I mention in my upcoming video series "Trading the Afternoon Market". It's not out yet, but I'm working on it.)

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