Are you confused as to how BTST trades work? Firstly, BTST trades simply mean "Buy Today and Sell Tomorrow." That is, you simply buy a particular stock today and exit it tomorrow. I would like to clarify that every broker allows you to take BTST trades and there are no extra charges for executing such trades. Like intraday and swing trading, it is just one of the styles of trading that is suitable for a lot of traders.
Also, I'll be introducing you to a new indicator that I have coded myself and will show you how it can be used to find breakout trades on any stock. So please comment on the stocks below and I will analyze them in the follow up video.
Now why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall.
Also, in swing trades, it is very difficult to determine how long we should hold a particular stock, but with BTST trades, it gets easier.
IN SHORT BTST TRADES ARE FRESH BREAKOUTS EVERYDAY WITH MAXIMUM PROBABILITY OF RETURNS
You must also see this weird line on every stock. It is actually the indicator that I have coded that helps us figure out the breakout trades. In the next video, I will be analyzing charts using this indicator and teach you how you can draw important price levels using it.
So don't forget to comment on the stocks you need me to cover in the next video.