As an intraday trader, you will see multiple opportunities to both buy and sell (short) the market most everyday. The 5-minute chart below is very typical of how the market can swing during the day. And all this price activity took place within the one daily bar indicated on the chart at the left.

Each leg, and actually a small portion of each leg, of this particular day represents tremendous profit potential for the trader agile enough to take a short-term position. During this particular day our trade signals and filters told us when to be long and when to be short as indicated by the arrows. And, the best part is, you really only need one part of just one of these swings to make a living doing this.

The overall market has been gut-wrenching, and even devastating, for the buy and hold investor. But as an intraday trading professional, you will see opportunities on a daily basis to exploit the swings and trends during each day, then take your chips of the table each afternoon and start the next day new and fresh. Many of the losses so many have endured in the markets are a result of staying invested from one day to the next, only to awake to learn your position is worth substantially less than it was the day or week before. By approaching the markets with a laser-like approach, you go in when the market tips its hand, take your profit and get out.