I am a part-time Day Trader

Love the adrenalin of day trading. As I still hold a day job, the US market is nicely set-up for my day trading. Sharing my routine as below:

Pre-Market
1. Broad Market and Stocks Analysis: Listen to my favourite Youtubers daily on their stocks and broad market analysis. This is to gather stock opinions and information for any possible scalp run later. I also scour Moomoo news for interesting events.

Tips: I put on "listening mode" instead of watching the videos so that I can multi-task on another stuffs. YouTube Premium subscription helps too to avoid ads and save time.

One hour prior to Market Opens
2. Switch TradersTV on YouTube to look at the market trends and the pre-market movers.

3. Build my watch list of around 5 stocks that I could possibly trade on when market opens.

Market Opens
4. My favourite technical setup is VWAP + 9EMA and 20EMA, looking at 1min and 5min candle stick.

5. I only like to long a stock, hence I will look for 3 continuous green candle sticks run at 1min before commiting a trade.

6. My exit plan comprises of (a) take profit at 3% upside (b) exit trade at 2% downside or (c) exit trade at end of day (stock and market dependent)

7. Typically, I only day-trade 1 to 2 hours after market opens. This is when market is most volatile for day trade. I will keep at least 10% cash and leverage on margin in day-trading.

One hour prior to Market Close
8. If I am holding a stock after lunch EST, I will wake up 1 hour prior to Market close to watch the stock. Usually, I aim to close the trade (profit or loss) within the same day as part of my day trading plan. This is to prevent myself from being a bag-holder. If I uses margin, I will close the trade on the same regardless of outcome.

Trading Reviews:
9. Good scalp run on 4 Nov in a 4 mins upside. Taking near to 900+ USD in profit.

10. Longer hold but exit decisively with loss on 9 Dec. Accept near 600+ USD losses