: A tool to gauge trend strength. Readings above 30 suggest a strong trend suitable for "sniper" entries, while readings below 20 indicate a range-bound market. 1-Day Strength Indicator
This final section covers the essential non-negotiables of trading success.
Identify 3 to 5 highly liquid stocks, options tickers, or futures contracts before the market opens. : A tool to gauge trend strength
What is your to trade (stocks, options, or futures)?
Options allow for massive leverage, but they are a melting asset due to Theta (time decay). Sniper option traders do not hold positions overnight. Identify 3 to 5 highly liquid stocks, options
To implement a sniper trading framework successfully tomorrow morning, follow this operational sequence:
: Successful traders vary their commitment based on confidence, "loading the boat" only when they are highly certain of a setup. For further study, you can access the Sniper Trading Workbook original book on Internet Archive for a full digital copy. Internet Archive breakdown of the formulas used to calculate the daily LSS buy and sell numbers? Sniper option traders do not hold positions overnight
: Instead of chasing price, identify high-probability zones where the market is likely to reverse or accelerate. Quality Over Quantity