Jim entered the financial world by trading sports and now invests in US stock markets and forex, trying to buy low and sell high. Binary options trading, at first glance, sounds like a relatively simple form of alternative investment online. TradingView allows reposting trading ideas to StockTwits, the Twitter-like platform of financials. Just like all world-class athletes, golfers and tennis players, and CEOs, as the best examples, you commit time to learn your game with a master coach, no longer day trading stocks on your own.
Then you rely on your coach to win more than you lose, then consistently win, then, for day traders like you, you can get to the top of your big money game – wealth building winning. Complete autonomy – with your day trading coach, at your side, every step of the way, learning to generate Big Money Wining results. Imagine stock day trading with me, using cutting edge, winning systems that give you the world-class competitiveness you have been waiting for, and having your own day trading guide, with all the winner day trading secrets you need for Big Money Winning, Wealth Building Winning. Day trading NEW School simply means changing your day trading Game, beginning with your Day Trading Strategy. This page is power-packed with critical stock market day trading services and information that every investor, swing trader, and day trader needs right now, just to survive what the markets (big money, smart money, market makers) are throwing at you, tricking you, and, yes, when you least expect it – killing you, both financially and emotionally.
Repeatedly suffering big money trading losses is no less stressful with similar incapacitating outcomes for persistently losing day traders.
Most traders still learn how to day trade stocks the old way, what I call old-school – that results with frequent big money losses, rarely, if ever, big money wins.
It means, simply, they have not learned to play the new trading game, nor have they traded with a master coach – preferring to go it alone, in the dark, continuously trading old school. The truth is that it’s not magic to consistently earn thousands a trade, $3K+ a day, $300K+ a year.
And, you guessed it, no longer trading on your own, but with a master day trading coach – making this all real, as soon as your capital and learning allow. My clients day trade stocks NEW-School, no longer on their own, but right along with their master day trading coach – like world-class athletes (football, basketball, tennis, golf), learning to focus on winning (not the money). But, missing for you, for now, but not for long, if you act to take care of yourself, is developing, at an accelerated pace, your lucrative career, your very profitable (potential, but no guarantee) day trading business vitality, with my help.
We can fix all that losing that’s pissing you off right now for you to be empowered to discover this day trader wealth building potential.
My day trading systems are laser focused on getting you real money wins – absent the noise, absent the arrogance, and most all the other distractions that stunt learning and big money earnings. The day Trading Wealth learning program is truly a game changer for investor and day trader losers, for all troubled traders to relatively quickly shift from big money losing to consistency profitable, big money potential winning. And the best part is that very few of your competitors (over 98% of all traders) will ever have a clue about your new day trading Power… until it crushes them. Get on the winning side of the trades with the Trading Wealth program and learn to dominate the stock markets with ease and power like never before, using my secrets, day trading tips and tricks, day trading systems, your competitors don’t even know exist! When you learn how to day trade NEW school, when you learn to dominate the stock markets (when you get individual stock day trade results, often yielding $1,000 to $3,000 a trade, and at times more), you can pretty much write your own ticket to wealth building (that you had no chance of getting alone – on your own).
I traveled to expensive how to be a day trader expos, absorbed and endlessly practiced everything in all the daytrading books, CD’s and DVD home study courses, and filled journals with my intraday trading notes from all this stuff. You name it, I did it, just like you, but I was still blowing through cash, day after day, as well, burning through my brain – indignance, bitterness, anger, and, on occasion, rage. In the day trading game, any day trading online game, the focus must be on winning the trade, one day trading opportunity at a time, one stock trade at a time – nothing more, nothing less. Yes, for every aspiring, how to be a day trader, it’s all about one thing and one thing only, big money winning, with wealth building winning to follow!
Adequately capitalized, with the passion and will to learn to win, you can soon be fully engaged in all the benefits of the Trading WEALTH Learning program, empowered with my guidance (consulting) and support (coaching), you’ll have an almost unfair advantage over your competitors. Thanks for your patience, but please keep reading to see exactly what you’ll be learning when you take advantage of this unique, wealth generating opportunity in day trading (not high frequency trading, HFT, by the way). The Trading WEALTH Learning program is the most comprehensive, cutting-edge intraday trading breakthrough in day trading training since the beginning of electronic trading – allowing a home-based pattern day trader to profitably compete with the best traders in the world. As mentioned, after I lost hundreds of thousands in just a few months during 2002, I quit trading.
Soon after I stopped daytrading, I discovered the source of my losing, for that matter, the primary source of ALL losing – and exactly what it would take to be a winner again.
As I share the 3 primary reasons for Losing, why all day traders lose today, see how you relate with each, as a trader, and begin to think about how you are going to end your big money losing. My day trading strategies and day trading systems were OLD school, obsolete, dead-ended – my losing trading game, was much like trying to beat Tiger Woods in his game of golf with a tennis racket.
Then and only then, when you change your game, can you gain the day trading confidence, the day trade competence – to consistently generate high profit performance results.
The second reason for all my big money losing was ME – trading as an arrogant, greedy loner! Trading blind to the new trading game and the need to learn, gain the competence, for big money winning. I was day trading from home, that is, on my own – with no consultant for developing a winning day trading strategy (a big money making direction) and no coach to help me learn to win. There I was this powerful consultant and coach for others in business, with no clue that these principles needed to be implemented for my trading game, in order to shift from losing (big money losing) to winning (big money winning). As you will discover below, to become a success as a day trader you must shift your focus from the money to the winning. At Stock Legends we want our followers to be as profitable as possible so we took the time to put together some basic day trading rules for you to follow. Mastering your emotions is likely the single most important concept that you will need to develop to be a successful day trader. Make sure you are familiar with both, the more tools and knowledge a trader has in their arsenal the more successful they will be when it comes to live trading.
Patience, one of the most important day trading rules and can be broken down into 2 scenarios. A stock that has usually just ran up very quickly in price a lot of speculation and buying comes into effect here. Stock Legends will provide you with research reports, technical analysis video charts, and risk levels on our Free Stock Alerts.
Successful stock trading requires almost the same traits as most other creative and competitive endeavors. If you look carefully at these items, you will also notice that a successful small stock trader is more of a personality and practice than just some technical knowledge.
Although technical analysis doesn’t help that much here like in the first day trading rule of support and resistance, momentum building is a common characteristic of actively trading stocks that develop strong trends right from the beginning of the day.
The evolving bear market continues pushing the stock price to daily lower lows, printing continuously declining candlesticks.
During the first 15 minutes of trading, the stock dropped 7% more before the first glimmer of hope appeared as a green candlestick. Now back at the 5-min chart, sellers tried to push the price lower than $12.60 but failed 3 times during that very day!
For the time being though, the very next post will actually be about how to use trend lines when day trading stocks. Nada – certainly not like the pre-Tech Bubble crash times, when everyone was packing the money away in seemingly endless market and stock price explosions in profitability. Many say they are getting their asses kicked – repeatedly blowing out trading accounts.
It simply means they have yet to discover their trading game has changed, dramatically, forever. But, when it comes to trading financial instruments, we as traders don’t get what it takes to win. End the pervasive mood of hope you’re accustomed to stock day trading with, as you beg for prices to come your way. We hope that you will use these day trading rules to assist you in your trading to become more profitable trader.
Humans drive markets, and when people rely on their emotions to make trading decisions they usually end up in A disaster situation. There is a lot of truth to this statement, and all too often we allow emotions to make our decisions for us and we drop the basic day trading rules. Even though these days the day trading rules mostly apply to the technical side of trading, there are many situations where a lack in fundamental knowledge can cost you significantly. If you can find a common ground between both of these forms of analysis you will be a more well rounded day trader.
Sometimes we get tired of holding a stock that we feel is climbing too slowly and seek for more profitable opportunities elsewhere and we sell too early.
Buying on dips can be a great strategy but we also don't want to end up catching a falling knife meaning a dropping stock, this is one of the day trading rules to always keep in our mind.
Eventually, selling begins to take over driving the price down creating a panic as traders scramble to get out of a falling stock. The day you stop learning from you mistakes is the day you will diminish your profits and ultimate goals.
Stock trading is not about having a high IQ, an MBA, numerical or software skills, macroeconomics knowledge, or some magic technical indicators. Market opens and stocks begin trading at much higher or lower prices than the previous day’s close. Buyers are nowhere to be found and the decline picks up momentum, as several day traders join in!
Investing or trading OLD School is extremely distressful, heart pounding stressful as you suffer the effects of repeated big money losses – all the while, trading on your own or through your money manager.
Books and courses take years to develop, thus, in a fast changing industry of computer traded stocks, all this information becomes obsolete fast, in many cases, overnight. If we operate on that basis of allowing our emotions to rule our trading decisions and ignore the basic day trading rules, we will usually end up out with loosing trades most of the time. The problem with trading them, is that they are typically noticed by most people when the top is in. Too many times we watch them go by, and say 'well I better jump in before it's too late.' By that time it usually is, your order is filled and the stock starts to reverse. Emotions come into play, for fear of losing everything if they don't sell, and the stock at some point is oversold.
It’s not that rare to find gaps in 5-min charts that offer excellent setups to make money in online stock trading! Due to the nature of momentum trading, day traders are advised to be prepared to trade out as soon as they notice any reversal signal. The key to being successful at mastering your emotions is to develop and write down a trading system that works for you, meaning your own personal strategy, and most important, to follow your system guidelines and these trading rules.
If you are in a position where you are not sure if you should be in our out of a stock, you should be out.. A trader can utilize various tools such as level 2 stock quotes which will give you an indication of the current supply and demand of the shares. I personally am not interested in holding a stock trading sideways, one of the best day trading rules is that quick consistent ins and outs ensure a green portfolio. As in poker, in relationships, or in life, you may follow all the rules and do all the right things but still lose some battles. The difficult part of day trading these stocks is to discover them, since the momentum usually lasts an hour or so.
A very tight trailing stop or trading out at the bearish candlestick pattern should have saved a lot of money.
It is always better to put in a stop loss and break even then to hold and end up red, day trading rules to live by. If you are questioning your position, you need to go back over the basic day trading rules.
One of the best day trading rules to be taught is to continue to grow without being taken out of the game and losing your trading account. A professional day trader will always buy his shares on the bid and sell them on the ask with smaller more consistent profits. Depending on the exchange you are trading on, you may not be allowed to set a stop-loss or trailing-stop order but that does not mean that you shouldn't follow the day trading rules. These day trading rules are simply guidelines to assist you in minimizing the costs of your mistakes and to help you ultimately avoid the detrimental ones. On the opposite side of the coin, holding a dying stock can also become a skeleton in the closet.
Also always remember in most situations you can get out of a stock with liquidity in an instant. I have seen more people ignore the day trading rules and cheer their way to a slow death more times than I would like to count. This is one of the major day trading rules and will be a samurai death in your trading career if you can't shake the buzz and walk away. These day trading rules need to be your bible, read them daily, make them part of your trading personality. I loved and profited enormously from all the great day trading tips, hid trading room calls.Darlene ElenorI traded with John in his day trading room. The first rule to day trading stocks is not to lose, a well timed entry will put you in an immediate green position. Do not get trapped by the hype or emotion of the trade, always remember other traders will seem the most excited about a stock when they are trying to sell. Study this rule, if you are sitting red you either hesitated and now you are holding a bag or you missed a crucial piece of the puzzle while you were in your research phase of your initial analysis. Until you understand the psychology and these trading rules this can be a very confusing time. I can’t wait to daytrade the next day with John, and celebrate the wins.Laurensia JovitaDon’t expect to get rich quick. Do expect to learn fast, stay in tune with the markets and stock day trading opportunities, and be on the big money side of most of his stock trading calls he makes in the day trading room.Ben MadisonJohn, your day trading knowledge and experience you shared with me on how to day trade on the cutting edge and the recommendations you suggested are instrumental in achieving my day trader career goals. We will be the first to tell you that we are all very religious, but the stock market is one of the few places God does not take part in.
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