United States - August 17, 2022 —
Well known for his YouTube livestreams, Patrick Wieland uses the social media platform to share tips he’s learned as a day trader.
Day trader Patrick Wieland breaks down the Stock Market live on YouTube daily and gives his subscribers an inside look at how to find success in futures day trading.
Wieland found day trading in 2015 and has been hooked since. Through his YouTube channel, he produces videos on a range of trading-related topics, including “How to Become a Day Trader,” “Day Trading Beginner Secrets!” and “Futures Day Trading.” He has more than 167,000 YouTube subscribers, and thousands tune in daily for his livestreams.
Day trading is buying and selling stocks in a small timeframe — typically a day — to earn short-term profits. Daily gains tend to be small but can add up significantly over time. Investment firms caution that day trading can be risky, but, as Wieland shows, day traders can be successful if they treat it as a full-time job and approach it with a plan.
Day traders rely on market fluctuations to earn profits. For instance, a trader might buy a stock that’s moving higher, only to turn around and short-sell it if it’s falling to make a profit — some trade the same stock multiple times a day as market sentiment changes. Regardless of the strategy, successful day trading requires knowledge, discipline, and experience.
Futures trading is an excellent opportunity for day traders, and Wieland has found great success in the futures market. With futures, an investor enters into a contract to buy or sell at a later date — no money is exchanged in real-time.
Wieland watches the E-mini S&P 500 when day trading futures. The positions are traded electronically, so the entire process is speedy and liquid. In addition, the Dow futures, E-mini Nasdaq futures, and E-mini Russel futures are popular choices among day traders.
Day trading futures has several advantages. First, there are no short-selling restrictions in the futures market, so traders can hold a position for a long or short period of time, remain neutral through volatility, and react based on their market analysis.
Second, because a futures trader isn’t buying or selling anything yet, they can utilize the lower initial margin for forthcoming trading. However, futures traders must submit a performance bond to guarantee their ability to fulfill the contract.
Wieland has produced a series of YouTube videos on futures day trading specifically to help his viewers understand the risks and benefits so they can begin trading more confidently.
Conclusion
Patrick Wieland educates his YouTube followers on the pros and cons of day trading and gives them an inside look at how day trading futures really works.
Contact Info:
Name: Patrick Wieland
Email: Send Email
Organization: Patrick Wieland
Address: United States
Website: https://www.youtube.com/channel/UCTovmBbgOEgi4iXqSH3IxjQ
Release ID: 89080230
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