How to Use the RSI Indicator for Day Trading

To view this email as a web page, go [here.]( [Roger Scott Newsletter] Published: January 29, 2023 [How to Use the RSI Indicator for 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 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 29+ years of trading experience. Traded multi-million dollar accounts and has trained thousands of new and experienced traders. ________________________________________________________ [Newly Discovered ‘Pricing Mismatch’ in the Options Market]( We’ve just discovered a shocking “pricing mismatch” in the options market… Thanks to this mismatch, even a tiny 1% move in a stock could lead to gains as high as 31%... 41%... even 46% or more in just a matter of days. And once you learn how to use this pricing mismatch to your advantage, you’ll never look at the markets the same way again. If you want to see this “pricing mismatch” in action and learn how to apply it to options trades… [Go Here for All the Details]( ________________________________________________________ How Algos Are Distorting Markets, Plus 3 Sectors in the Danger Zone January 27, 2023 The major indexes slipped Friday morning on a poor earnings report from Intel as Wall Street looked to lock in a winning week. [Continue Reading]( Why I Believe the Tech Sector Is in Big Trouble January 26, 2023 The markets rose Thursday morning as U.S. gross domestic product came in better than expected. [Continue Reading]( *Past performance is not indicative of any future results. Trade at your own risk. From Sept. 20, 2021 to Jan. 25, 2023, on live trades the win rate is 74%, the average return is 13.2% on the options over a three-day average hold time, with an annualized return of 625.16%. [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](