Today, we’re analyzing NASDAQ’s pre-market movements using the Sonic trading system. By request, we’re breaking down a real-time setup on a 3-minute chart, where a buy signal was triggered at 20,961.25.
When entering trades, I avoid market orders due to the NASDAQ’s volatility and risk of slippage. Instead, I opt for limit orders to secure a precise entry at or near my target price.
With the trade in place, it’s essential to set well-defined targets and stops. For this entry, I maintained a balanced risk-to-reward ratio, with a minimum 1:1 to avoid unnecessary risk. Even in pre-market, careful adjustment of stops and targets is crucial for effective trade management.
One important rule for traders, particularly with systems like Sonic, is to avoid overtrading. After three or four successful trades in a row, it’s often wise to pause. Sonic frequently yields consecutive wins, but overextending can lead to diminishing returns.
With four wins in the pre-market today, it’s a good point to hold off until the market opens or a new high-quality setup emerges.
Keep an eye on key news events, often scheduled around 8:30 or 10:00 am ET, which can lead to rapid price changes. I use a news indicator on my chart to help prepare for these shifts. If you’re interested, this indicator is available for free on our website at daytradetowin.com.
For those ready to learn more, our members-only training room offers in-depth strategy sessions. We cover techniques like optimizing the Sonic system and mastering price action. Practicing with micro contracts is an excellent way to build experience while managing risk.
Each Friday, we host a full day of mentorship for members, providing hands-on guidance in risk management, trade selection, and strategy refinement with the Sonic system. This is a great way to deepen your trading knowledge and make the most of our resources.
For additional insights, subscribe to our YouTube channel and explore our resources, courses, and software at daytradetowin.com, where many offerings have limited availability.
Investors anticipating market stability after President Trump’s April 2 tariff deadline may need to prepare…
International stocks posted their strongest first-quarter outperformance against U.S. stocks on record, according to Dow…
Investors Brace for Market Volatility as Trump Plans Sweeping Tariffs U.S. stock futures dipped on…
Hello Traders! Today, I’m thrilled to walk you through my live trading experience using the…
Retail investors are bracing for a decisive moment as President Donald Trump’s April 2 tariff…
Automakers are facing tough choices in response to new tariffs: absorb the cost of importing…