How do you judge a trade you just made? For most traders, if the trade worked in their favor and they made money then it was a good trade. If it really went in their favor then it was a REALLY good trade. But if the trade failed and they lost a little, it was a bad trade. If they experienced a rug pull and lost a lot of money, then it was a horrible trade. Sound about right? Ok then, we’re done! I’m kidding of course. I used to judge my trades like this all the time. I
First, a couple of caveats to keep in mind while reading this post: if you’re a Hold & Hoper and/or someone who just hasn’t figured out how to lose yet, please start with these: Watch this webinar: HOLD & HOPE Read this blog: First, learn how to lose... I say this because what I’m talking about today could get you into even more trouble if you don’t understand your first job as a Day Trader. Just to be clear, you’re A #1 priority at all times with every single trade MUST
There are all kinds of pump and dump schemes playing out in the markets daily: TWTR pumps Chat room pumps Email pumps Article/Blog pumps News pumps CNBC pumps I still get stock pumps via the US Mail! The two (2) I want to focus on today are the intraday Twitter and Chat Room pumps. I focus on these because we see too many traders getting sucked into them lately. These pumps are the ones that can hurt day traders and their accounts the most, leaving newer and inexperienced t
As I mentioned in last week’s blog, this week I’m going to discuss my 2nd least favorite question that we’re asked all the time: “When should I sell?” For me, there are only 2 basic answers to this question and it depends on which way the stock is going. 1: If it’s going against you, sell at or BEFORE your stop. Note: if you don’t know where your stop is, you never should have entered the trade in the first place! How did you decide on your share size if you didn’t calcula
We've noticed a trend with our most successful students. They all have several things in common when it comes to their approach to learning and growing as a Day Trader. Even if you haven't taken our course, approaching your trading like these students do could drastically change your trading for the better and put you on a path to profitability. So, what do these traders have in common? They’ve all studied the materials: They are taking their job as a Day Trader seriously.