Daniel Thomas is a daytrader (day trader) who specializes in analyzing technical stock trends, patterns, and indicators, then applying his analysis to buying and selling stocks (mostly intraday). Though Daniel takes a “long” position almost daily, a large majority of his day trades are of the shorting stock variety.
The videos Daniel puts together are:
1) Largely intended to be used as a personal journal (for Daniel Thomas), where he documents various day trades (sometimes swing trades), for personal reflection. Daniel firmly believes that one of the best ways to fix mistakes, and/or weaknesses, is to face them head on; and recording videos of his stock market blunders is his preferred method for self-accountability (you can’t hide from a weakness that you’re forced to see). On the flip side, it’s always good to review some of our strengths as well, so recording all trades (not just the losing variety) enables Daniel to identify both his strengths, and weaknesses, when it comes to applying technical analysis to the stock market in a day-trading fashion.
2) NEVER intended to be used as financial advice. Daniel is NOT qualified to give financial advice, and as such — would never do so. There have been countless times where Daniel has had to ignore email questions/chat/etc., because traders are asking his opinion on the future direction of a stock. The reality is, Daniel shares perspective with the likes of Warren Buffet, Peter Lynch, and many other great traders/investors, in that — the only person any of us should trust (with regards to “advice” on the stock market) is the person staring back at us in the mirror. And if the person in the mirror doesn’t know how to personally trade the stock market, they should: a) acquire an education on the art/skill of trading/investing, before getting personally involved, b) develop said skill through an abundance of practice (preferably in a simulator; such as the one DAS Trader Pro provides), and c) avoid trading with money they cannot afford to lose. If a person lacks the time/money to meet these prerequisites, and/or wants “legitimate” financial advice — they should really consult a certified financial advisor, and/or someone who is legally qualified to give such advice.
3) For educational purposes ONLY. Daniel makes his day trading videos public, because he thinks that other traders can see his successes/failures, and open their minds to what he calls, “the bigger picture.” There are 1,000 ways to trade the stock market, just like there are 1,000 ways to swing a golf club. Daniel believes that individual traders can benefit by watching the strengths/weaknesses of other day-traders, and though it would be nearly impossible to successfully replicate any trader’s strategy(ies) (or any golfer’s swing), watching a “bigger picture” of the stock market, and a trader’s day within, will undoubtedly add to the education/wisdom of any person pursuing personal development in applicable arenas.
Favorite technical patterns and trading strategies:
-Head & shoulders
-Descending triangles, Ascending triangles
-Moving average cross-overs (including the use of VWAP)
-HOD/LOD, premarket high/low
-bull flags, bear flags
-gap & go; gap fill
-Daniel’s self-proclaimed “levels in space” day trading strategy
Favorite authors on topic: William O’Neil, Edwin Lefevre, Benjamin Graham, Peter Lynch, Mark Douglas, Toni Turner, Andrew Aziz, Ross Cameron.
Trading Platform: DAS Trader Pro
Brokers: Capital Markets Elite Group (CME), Interactive Brokers, Fidelity, (will never use SureTrader again)
Favorite Traders: Jessie Livermore (lol), Andrew Aziz, everybody in the book “Market Wizards,” and much respect for Ross Cameron, Nate, Sykes, and more…
Equipment: Acer 38″ ultra-wide gaming monitor, HP IPS 23″ monitors, Dell Inspiron 17″ laptop, AOC portable usb-powered monitors (travel station), Uplift sit/stand desk, gaming keyboard, J5 create USB-HDMI splitters, Logitech mouse.
Scanners: Trade Ideas pro, Benzinga Pro, FinViz
Chat room: BearBullTraders
YouTube Channel: Daniel Thomas (danwaytho)
StockTwits profile: Tradersmakemoneybothways
Promo Code for CME (broker): CMEGDANIELTHOMAS
BA & MBA – Fresno State
Vocational (Firefighter, Pharmacy technician, Hazmat specialist, Real Estate)
Soldier – US Army
500% stock market gains – WITH BROKERAGE STATEMENT PROOF – via day trading, in about 4 weeks