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Which Market Should I be (day) Trading?
1. Know and follow more than one market. I think one should have familiarity and follow about 5 different markets ( or more depending account size and time) in general.
2. Understand what type of market conditions you trade better in? Volatile? “dead”, choppy or perhaps trending?
3. Have a view of these markets from longer term outlook and behavior.
4. Trade the markets that fit your strengths.
Example: If I am following gold, crude, bonds, mini nasdaq and mini SP for educational purposes….If I know that I trade better in markets that have larger intraday swings and volatility than lets say trending markets or “quiet markets” I would be focusing on the mini NASDAQ as my primary market now days as it is the one fitting my profile the best.
If “choppy” markets suits my trading style better, I would probably look at gold as of recently.
This will change as markets go through different cycles, from lower volatility to higher volatility. Trending to choppy etc.
Etc. etc. etc.
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