Traders,

Day traders have more instruments they can use than any other trader type. This is primarily because futures and forex are usually only appropriate for extremely short-term trades, given their high leverage.

Each instrument has its respective pros and cons. Suppose you wanted to day trade the S&P 500 Index. Here are all your choices.

1. Stock (SPY). Pro: tight bid-ask spread, high delta. Con: expensive, requires $25k for unlimited day trades.
2. Options (SPY). Pro: cheap. Con: wider bid-ask spread, lower delta.
3. Futures (/ES): Pro: leverage, tight bid-ask spread. Con: leverage
4. Micro Futures (/MES): Pro: less leverage, tight bid-ask spread. Con: commission costs

It’s fascinating that four different vehicles are available to day traders on the S&P 500. Practice trade each to get a true sense of their trade-offs.

You’ll see examples of each and more in our Day Trading System. Register here for the June 19th, 8:30 PM EST launch.

Chart of the Day: NVIDIA (NVDA)

Nvidia (NVDA) staged an epic breakout on Wednesday. 

Today’s line up

Traders Lounge 11 AM EST

Join the coaches in this live lounge, ask questions, discuss ideas or just sit back and listen to veteran traders discuss market conditions.

Cash Flow Club Replay

If you missed last night’s webinar or would like to watch it again, check it out here.

Halftime Report 12:30 PM EST

The Halftime Report starts at 12:30 EST and covers what news is driving the market, chart analysis from the movers and shakers of the day, and fun in a way that only the Coaches at Tackle Trading can deliver.

Financial freedom is a journey

Sign up now and gain unfettered access to all of the quality content and powerful Scouting Reports that our Pro Members enjoy for 15-days absolutely free with no strings attached and let us show you what your trading has been missing.

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All investing and trading in the securities market involves a high degree of risk. Any decisions to place trades in the financial markets, including trading in stocks, options or other financial instruments, is a personal decision that should only be made after conducting thorough independent research, including a personal risk and financial assessment, and prior consultation with the user’s investment, legal, tax and accounting advisers, to determine whether such trading or investment is appropriate for that user.