I am new to day trading and my "mentor" has failed to train me on preparing for the following day and spotting stocks under pressure. Can anyone give me some advice, it would be greatly appreciated.
Trading indicators are best used along with money management and good risk control, using trading indicators alone will not enable you to be a successful trader, the market is just too random and unless risk is controlled over time your account will slowly get wiped out, regardless how good a “trader” you think you are.
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Pick one stock in each sector and follow them daily. Chasing the news is not a good way to trade. You need to understand the companies and the value of the news.