As the old saying goes, “practice makes perfect.”

And as a day trader, you absolutely need to practice if you want to master your craft.

But it’s not just trading itself that you need to do.

Every time you make a trade and exit it, you need to understand what happened, why it happened, and what you can do next time differently.

A tip I give to both beginners and seasoned veterans is to get yourself a trading journal.

After you end your day, log your trades and make notes on what you did right and what you did wrong.

Draw pictures, be as thorough as you want, and do this every day. Then at the end of the week, review it and see if there are any outliers or patterns of mistakes.

For instance, if you keep losing money trading options, stick to just doing stocks for now.

If you always lose money trading market ETFs like SPY or QQQ, stick to individual names that have big news or earnings announcements.

If you always lose money on the pre-market, wait until the opening bell or until 9:45 am ET — that’s 15 minutes after the trading day begins and the market starts to stabilize.

Whatever it may be, work on tweaking your trading style to fit your particular mindset.

Everyone has a different way of trading. Some people like trading options, and some just like stocks. Some like trading individual names, others like trading big news on biotech stocks, and others like just trading around market ETFs.

You need to find what works best for you, use the VWAP to tell you where the market is taking you, and act accordingly using the tools I give you.

The Best Way to Practice Trading VWAP on Off Hours

If you want even more practice, there are two ways I know that can give you a great simulation of the markets…

The first is the OnDemand feature on ThinkOrSwim.

If you haven’t used it yet, it’s a great way to simulate a stock’s movement on any day within the last three years.

You can then simulate buying and selling alongside the VWAP with a paper trading account they give you and in real time you can practice trading a stock.

Doing this on big day for a stock like earnings day or on big news can help you practice without the risk of using actual money

To access this simulation feature on ThinkOrSwim, do the following…

Step 1: Open your ToS account and click the OnDemand feature in the top right corner

Step 2: Type in the symbol you want to follow in the normal spot in the top left, and change the date and time to your choosing.

Step 3: Use the play, pause, and fast-forward buttons to move throughout the day, and practice buying and selling through the paper trading account.

And voila! It’s practice at your fingertips.

If you ever wanted to try options and you were too scared, if you needed to understand how to short, or if you are just starting and didn’t want to risk money, this is a great tool at your disposal.

Another fun little tool that just hit my radar (courtesy of my brother 8ball) is Chartgame.

Everyone likes games right?

This little simulator gives you a stock candle by candle and allows you to either go long or go short on a stock at each 5-minute candle tick.

While it doesn’t have the VWAP yet, it’s still good practice to help you understand what the levels of stock are and where it will tend to travel based on volume and prior levels.

You can practice now by clicking here.

Remember, the market is rigged. Stocks tend to test at prior significant levels, whole numbers, and highs/lows of the day.

The more you train your mind to see these levels, the better off you’ll be.

Let me know if you have other methods out there to help you practice.

I’m always looking out for new tools and gadgets to help fine-tune our craft here.

You can email me suggestions at

I’ll talk to you soon.


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