Learning About Intraday Momentum With Bryce Edwards
He may not be well-known in the trading space, but he’s a brilliant trader nonetheless. By earning money from intraday price movements and going home flat. He’s had more than 10 years of experience, and shares his journey to becoming a profitable trader. You might find that what he went through might be eerily similar to what you’re going through.
Bryce talks about how his key trading decisions stem from the order book as wella s how he creates a watchlist called a “stocks in play”, using things such as underlying commodity prices, broker upgrades and downgrades, and company news.
What’s Covered in This Interview:
- Bryce’s story from his humble beginnings as an options trader, to being a property investor, mortgage broker and stockbroker, and now as a full-time trader.
- The many ‘ah-ha moments’ Bryce experienced throughout the past few years. One of thse moments is understanding that when it comes to where trades are taking place, the order book is at the forefront.
- How to reduce transaction costs if you’re an intraday trader.
- Why Bryce goes home flat at the end of each day.
- What the differences are between Australian and US equity market micro-structures. This includes less exchanges, market opening in 5 phases and completely lit order books.
- How Bryce uses catalysts like broker upgrades, company news and underlying commodity prices to create daily “stocks in play” watchlist.
- Why traders need to use technology to find more setups and monitor market activity better.
Links and Resources:
- CFD Trader’s Edge – Bryce is a member of this chat room, operated by Alan McGrath..
- The Playbook by Mike Bellafiore – This book by Mike Bellafiore inspired Bryce to trade full time. This book goes into why process and repetition is important, as well as what “stocks and play” really is.. Listen to an interview with Mike on EP 022.
- Trading Setups – Bryce describes in this video how how to ‘trade a wall’ in the order book
- Spark – Bryce uses this trading platform to see the order book and to run scans on the Australian equity market.
