You are receiving this e-mail at {EMAIL}, as part of your subscription to This Is VWAP. To remove your email from this list: [unsubscribe here]( [This is VWAP Header]( [ARCHIVES]( TO VWAP?]( LIVE]( [Youtube]( [Twitter]( [Instagram]( [Discord]( [Tiktok]( [News from Kenny Glick] [How to Win Our Biggest Prize Package Ever: $10,000 Is Up for Grabs]( Ho ho ho â happy holidays to all. And to celebrate, weâre pulling out all the stops and offering VIP members who attend a golden ticket that could win four of them a prize from our $10,000 package. [Be here on December 20 to get all the details..]( My Favorite VWAP Tool is Only $4 Monday, December 19, 2022 As the old saying goes, âpractice makes perfect.â And as a day trader, you absolutely need to practice to master your craft and start making life-changing money. But itâs not just trading itself that you need to do. Every time you make a trade and exit it, you need to understand what happened, why it happened, and what you can do to maximize your day-trading profits. So, in order to do that you need to keep record of what youâve done every day. A tip I give to both beginners and seasoned veterans is to get yourself a trading journal. It doesnât have to be fancy. Any Rite Aid or Walmart will have one for less than five dollars. After you end your day, log your trades and make notes on what you did right and what you did wrong. Draw pictures, be as thorough as you want, and do this every day. Then at the end of the week, review it and see if there are any outliers or patterns of mistakes. Then, after you identify your problems, you need to put it into action. Donât just write it down and keep doing the same mistakes over and over again. For instance, if you keep losing money trading options, stick to just doing stocks for now. If you always lose money trading market ETFs like SPY or QQQ, stick to individual names that have big news or earnings announcements. If you always lose money on the pre-market, wait until the opening bell or until 9:45 am ET â thatâs 15 minutes after the trading day begins and the market starts to stabilize. Whatever it may be, work on tweaking your trading style to fit your particular mindset. Everyone has a different way of trading. Some people like trading options, and some just like stocks. Some like trading individual names, others like trading big news on biotech stocks, and others like just trading around market ETFs. You need to find what works best for you, use the VWAP to tell you where the market is taking you, and act accordingly using the tools I give you. The Best Way to Practice Trading VWAP During Off Hours To get more practice, there are two ways I know that can give you a great simulation of the markets⦠The first is the OnDemand feature on ThinkOrSwim. If you havenât used it yet, itâs a great way to simulate a stockâs movement on any day within the last three years. You can then simulate buying and selling alongside the VWAP with a paper trading account they give you and in real time you can practice trading a stock. Doing this on big day for a stock like earnings day or on big news can help you practice without the risk of using actual money To access this simulation feature on ThinkOrSwim, do the following⦠Step 1: Open your ToS account and click the OnDemand feature in the top right corner Step 2: Type in the symbol you want to follow in the normal spot in the top left, and change the date and time to your choosing. Step 3: Use the play, pause, and fast-forward buttons to move throughout the day, and practice buying and selling through the paper trading account. And voila! Itâs practice at your fingertips. If you ever wanted to try options and you were too scared, if you needed to understand how to short, or if you are just starting and didnât want to risk money, this is a great tool at your disposal. Another fun little tool that just hit my radar (courtesy of my brother 8ball) is [Chartgame.]( Everyone likes games right? This little simulator gives you a stock candle by candle and allows you to either go long or go short on a stock at each 5-minute candle tick. While it doesnât have the VWAP yet, itâs still good practice to help you understand what the levels of stock are and where it will tend to travel based on volume and prior levels. [You can practice now by clicking here.]( Remember, stocks will test at prior significant levels, whole numbers, and highs/lows of the day. The more you train your mind to see these levels, the better off youâll be. Let me know if you have other methods out there to help you practice. Iâm always looking out for new tools and gadgets to help fine-tune our craft here. You can email me suggestions at KennyGlick@MoneyMapPress.com. Iâll talk to you soon. Kenny Glick P.S. Don't Miss our Holiday Party Tomorrow. Make sure to [click right here to RSVP for]( Mania]( - It's going to be a huge celebration packed with goodies. [So don't miss it!]( [Getting Started with Basics] [VWAP Dashboard 101]( Knowledge is power! Get a jump on the basics or a refresher to refine your trading chops with our comprensive look at the pillars of the VWAP trading strategy. - [What is VWAP](
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