Mean-Reversion Daytrading by Ken Calhoun
Last month, this professional trader discussed swing trading mean-reversion pivot entries. This month, he continues on the same topic but this time for daytrading.
One of the biggest challenges that daytraders face is rapidly scanning for breakouts during the opening 30 minutes of each day’s trading session. If you have ever overlooked a big opening breakout, you may find the technique I’ll discuss here especially useful.
By waiting for a 50% retracement, also known as a mean reversion, you can use this as a second opportunity to enter a strong-trending stock following a pullback. This article will show you how to daytrade mean-reversion pivot entries ...