How I Use the RSI Indicator When Day Trading

To view this email as a web page, go [here.]( [Roger Scott Newsletter] December 11, 2022 [How I Use the RSI Indicator When Day Trading]( We’re no longer in a market that favors the buy-and-hold investor, and we haven’t been for quite some time! A bear market and extreme volatility can make even diamond hands shaky. So it’s no surprise we’ve seen a resurgence in day trading. Everyone who wants to learn how to day trade asks me where the best place is to start… I preferred to transition slowly from swing to day trading and, more importantly, to use the same strategy, so I was familiar with the basic techniques. The last thing I wanted to do was start day trading with new indicators and methods I wasn’t used to! The RSI indicator is one of the simplest indicators I’ve found to use when learning how to day trade. In fact, the RSI helps traders avoid false signals and random market noise better than most oscillators. In a nutshell, I simply change the look-back period from 14 bars to 10. This tweak makes the RSI more dynamic for short-term price swings when actively getting in and out of the market. [See How I Use the RSI Indicator Here]( ________________________________________________________ Roger Scott 27+ years of trading experience. Traded multi-million dollar accounts and has trained thousands of new and experienced traders. ________________________________________________________ [The Fed Is at it Again…]( In just a matter of days, the Federal Reserve is doing something that could send shockwaves yet again through the market… Stocks could soar or plummet in a matter of minutes. That’s why Chuck Hughes has been working on an underground project to help traders get in front of the big announcement… [And we just went live for the big reveal!]( If you missed the presentation, not to worry… [Go Here to Watch the Replay]( Friday’s Critical Fed Data, Plus ‘Low-Hanging Fruit’ Trade Ideas December 9, 2022 The major indexes slid lower Friday morning following a hotter-than-expected inflation report. [Continue Reading]( The Sectors Set to Rise and Fall in the Coming Weeks December 8, 2022 The major indexes were up Thursday morning as the S&P 500 looked to put an end to its five-day losing streak. [Continue Reading]( * Profit examples represent buy and sell signals generated by the Champion Indicator Strategy from 09/03/02 to 9/28/2022 and may not be typical. Profit results are based on simulated trading and not actual trades. No actual money is invested, nor are any trades executed. Simulated trading services in general are also designed with the benefit of hindsight, which may not be relevant to actual trading. There are risks involved with trading including the risk of loss. [Roger Scott] A WealthPress Publication ABOUT US: We believe that the opportunity for financial literacy and freedom belongs to all people, not just those who already have years of investing experience. WealthPress provides an array of educational services and products that will help you navigate the markets and become a better investor. Trading is made simple through our online forum full of trading techniques to give you the best tools to kick-start your investing journey. We offer collaborative webinars and training; we love to teach. No matter the opportunity, we bring together a strong community of like-minded traders to focus on analyzing market news as it’s presented each day. DISCLAIMER: FOR INFORMATION PURPOSES ONLY. The materials presented from Wealthpress LLC are for your informational purposes only. Neither Wealthpress nor its employees offer investment, legal or tax advice of any kind, and the analysis displayed with various tools does not constitute investment, legal or tax advice and should not be interpreted as such. Using the data and analysis contained in the materials for reasons other than the informational purposes intended is at the user’s own risk. DISCLAIMER: TRADE AT YOUR OWN RISK; TRADING INVOLVES RISK OF LOSS; SEEK PROFESSIONAL ADVICE. Wealthpress is not responsible for any losses that may occur from transactions effected based upon information or analysis contained in the presented. To the extent that you make use of the concepts with the presentation material, you are solely responsible for the applicable trading or investment decision. Trading activity, including options transactions, can involve the risk of loss, so use caution when entering any option transaction. You trade at your own risk, and it is recommended you consult with a financial advisor for investment, legal or tax advice relating to options transactions. Please visit [wealthpress.com/terms]( for our full Terms and Conditions. [Manage Your Email Preferences]( [Unsubscribe]( This email was sent by: WealthPress 495 Town Plaza Ponte Vedra, FL, 32081, US [Roger Scott]( [Update Profile](