Getting Started Live Trading with Spartan Trading
Whether you call it live trading, active trading, or day trading, there’s money to be made capitalizing on short-term price movements in highly liquid markets. Trading strategies that revolve around intraday market price changes have become more popular than ever, thanks to the COVID-19 pandemic and several high-profile events centred around day trading’s impact on the marketplace.
However, live trading can be extremely challenging to pull off successfully, requiring a high level of skill, knowledge, and expertise. Day traders face an uphill battle to see consistent profits without the right ideas, strategies, and execution. That’s why it’s essential to understand not only how day trading works, but also where to get the education and resources you need to make the most of your money.
To help get you started, you’ll find more information on live trading the right way below, as well as how Spartan Trading gives you the tools you need to understand the market and elevate your trading.
What is Live Trading?
Live trading is the art of executing intraday strategies to profit from short-term price movements in an asset. Day traders hold positions for anywhere from milliseconds to hours, generally closing out positions before the end of the day to avoid after-hours and overnight risk. While plenty of traders make many, many trades per day, others may only enter and exit a few positions in the same time period.
The very best day traders use multiple strategies to evaluate stocks. Most of these strategies revolve around understanding and successfully predicting a stock’s price action characteristics. Some traders employ computer models to calculate favourable probabilities, some trade on instinct and past experience, while others use a combination of both. Either way, traders work throughout the day to identify which way an asset will move next, enter a position, and then capture a piece of the profit when that move happens.
What You Need to Trade Successfully
Technical analysis is the bread and butter of swing trading. The ability to read charts to evaluate investments and identify patterns is essential for traders of all levels. Historical data on trading activity and price changes can be invaluable indicators of future movements; understanding, interpreting, and acting on this data is the key to any day trader’s success.
However, any kind of analysis is only as good as the information you’re analyzing. Whether it comes from a reliable newswire, a live trading chat room, or advice and ideas from an experienced professional, good data is essential for profitable plays. If you’re serious about day trading, you need to be equally serious about ensuring you have reliable data and the know-how to apply it to your trades.
Without the proper knowledge and tools at your disposal, day trading can feel more like playing a slot machine than making a calculated financial move. It’s absolutely essential for traders to have the know-how and resources to make informed plays on the market, especially when they’re first starting.
Live Trading with Spartan
Spartan Trading gives both new and experienced day traders all the tools they need to conquer the markets and elevate their trading. Our Day Trading Program gives you the resources you need to start day trading successfully, including:
- Exclusive Access to Spartan’s Day Trading Chatrooms
- Pre-Market Game Plan Reviews
- 30+ Daily Equity / Option Plays
- Exclusive Market News
- Prop Analyst Insight
- Trade Review Education
- 1 Month Access to Spark Newswire ($48.50 Value)
- And More!
Spartan also offers comprehensive educational resources to demystify trading, shorten the learning curve, and help you become a powerful independent trader faster. With bundles and packages available for every kind of trader, there’s no better way to kickstart your growth and see results from trading than by getting started with Spartan.
Ready to Learn More?
Contact us today to learn more about Spartan Trading’s programs and solutions for live trading.