Module 1: Introduction to Intraday Trading
- Basics of Day Trading
- Definition and Characteristics
- Differences between Day Trading and Other Trading Styles
- Pros and Cons of Day Trading
- Market Mechanics
- How Markets Operate (Stock Exchanges, Order Types, Market Participants)
- Understanding Market Hours and Sessions
- Basics of Order Execution and Settlement
- Requirements for Day Trading
- Necessary Skills and Traits
- Technology and Equipment Needed
- Setting Up a Trading Workspace
Module 2: Market Analysis for Day Trading
- Technical Analysis
- Chart Patterns (Head and Shoulders, Double Tops/Bottoms)
- Candlestick Patterns (Doji, Hammer, Engulfing)
- Trend Analysis (Trendlines, Channels)
- Indicators and Oscillators
- Moving Averages (SMA, EMA)
- Relative Strength Index (RSI)
- Moving Average Convergence Divergence (MACD)
- Bollinger Bands
- Volume Analysis
- Volume Spikes
- Volume-Price Trends
- On-Balance Volume (OBV)
Module 3: Day Trading Strategies
- Momentum Trading
- Identifying Momentum Stocks
- Entry and Exit Strategies
- Managing Momentum Trades
- Scalping
- Basics of Scalping
- Techniques and Tools
- Risk Management in Scalping
- Breakout and Breakdown Strategies
- Recognizing Breakout Patterns
- Setting Up Breakout Trades
- Managing False Breakouts
- Reversal Trading
- Identifying Reversal Signals
- Entry and Exit Points for Reversals
- Using Indicators to Confirm Reversals
Module 4: Risk Management and Trading Psychology
- Risk Management
- Position Sizing
- Setting Stop-Loss and Take-Profit Levels
- Managing Overall Portfolio Risk
- Trading Psychology
- Understanding Psychological Biases (Fear, Greed, Overconfidence)
- Developing a Trading Plan
- Maintaining Discipline and Patience
- Stress Management
- Techniques for Handling Stress
- Balancing Trading with Personal Life
- Building a Support System
Module 5: Tools and Platforms for Day Trading
- Trading Platforms
- Overview of Popular Trading Platforms (Thinkorswim, Interactive Brokers, MetaTrader)
- Platform Features and Tools
- Customizing Platforms for Day Trading
- Market Scanners and Screeners
- Using Scanners to Find Trading Opportunities
- Setting Up Custom Scanners
- Interpreting Scanner Results
- News and Data Feeds
- Importance of Real-Time News
- Integrating News Feeds with Trading Platforms
- Using Economic Calendars and Event Alerts
Module 6: Advanced Topics and Strategies
- Algorithmic and Automated Trading
- Basics of Algorithmic Trading
- Building Simple Trading Algorithms
- Using Bots for Day Trading
- Short Selling
- Mechanics of Short Selling
- Strategies for Short Selling
- Risks and Rewards of Short Selling
- Trading Derivatives for Day Trading
- Options Day Trading
- Futures Day Trading
- Leveraged ETFs
Module 7: Real-World Applications and Case Studies
- Case Studies of Successful Day Traders
- Learning from Professional Day Traders
- Analysis of Famous Trades
- Lessons from Day Trading Mistakes
- Market Simulations
- Simulated Trading Sessions
- Analyzing Simulated Trades
- Improving Strategies through Simulation
- Capstone Project
- Developing a Personal Day Trading Strategy
- Backtesting the Strategy
- Presenting the Strategy and Results
Supplementary Resources
- Books and Articles
- Recommended Readings (e.g., "Day Trading for Dummies" by Ann Logue)
- Research Articles on Day Trading
- Online Resources
- Financial News Websites (CNBC, Bloomberg)
- Day Trading Forums and Communities
- Online Courses and Webinars
- Software and Tools
- Charting Software (TradingView, NinjaTrader)
- Backtesting Tools
- Trade Journals and Analysis Software