Learn Daytrading An Introduction
Post on: 6 Апрель, 2015 No Comment
Learn Daytrading — An Introduction
In 27 + years of trading, Ive havent found a quick and simple way to learn day trading.
It took a lot of hard work and determination to turn the corner in this business. And if you are serious about your desire to learn day trading, that is exactly what its going to take.
If you want to support yourself day trading eminis, or trading anything else for that matter, you should think long-term. You should expect it to take anywhere from 3 to 5 years to learn day trading.
A good, experienced trading coach can shorten your learning curve by quite a bit, and save you a lot of money. Back in the 80s, when I decided that I wanted to learn day trading, I found my trading coach and mentor. That was the turning point for me.
In my trading classes. I teach the method Ive used for over 27 years to earn a living day trading. This is a unique approach to trading that you wont find from other websites offering advice on learning to day trade. Keep in mind, though, in order to really learn day trading and master the business, you shouldn’t expect overnight success.
I also write a market newsletter each day, giving my game plan for the next trading day. I’m as specific as possible including Support and Resistance levels that I will be buying and selling against, which provides *you* with great trade set ups nearly everyday.
If you look around on the internet, youre going to run into a boatload of day trading advisor services, some with snake oil guarantees and promises to get rich quick, etcyour email box filling up with day trading tips general advice, mostly.
The big problem with that kind of hype is that they cant promise you long term success, and in order to be successful, you must learn day trading from an experienced day trader who knows that a long term grinded out type of approach is better in the long run than 2 or 3 day sprints.
Yesterdays hot day trading tips dont help, because
Markets change, but human emotion does not change.
If markets didnt change, 90% of rookies would make the grade, and that day trading advisor with the hard-won experience those ones who truthfully tell you it can take years to learn this business wouldnt have any students.
If markets didnt change, you could learn day trading from booklets about oscillators and simple chart patterns. And the non-specific day trading tips in your email box would make you money.
If markets didnt change, day trading futures would make you wealthy in a matter of months. But markets do change and simple methods, mechanical systems and easy quick approaches begin to lose money fast.
So you have to find a method to learn day trading that is:
- Flexible
- Uses your Mind, not a black box system
- Doesnt have 100,000 traders using it.
- Exploits a basically unchanging edge like the extremes of emotion
- And is time-tested by a real trader with years of experience, not a salesperson
Are you serious about learning to day trade?
For over 30 years Ive been day trading support and resistance, fading the crowds emotion, and making a good living along the way.
If you have the desire to truly learn day trading the right way, youre going to need something better than temporary trading recipes, yesterdays day trading tips, and simple oscillator methods.
My approach to e-mini day trading will teach you to:
- enter against crowd emotion
- exit with crowd emotion
- exit trades that dont go your way immediately
- protect your hard stops with support and resistance zones.
Instead of the useless day trading tips offered by some others, Ill show you things like this:
How to separate learning to time your entries from learning to exit bad positions early. Theyre separate issues. Learn them separately from an experienced professional.
Heres an exercise thats worth its weight in gold:
On a simulated trading platform. practice getting out of every trade with a one-tick gain within the first 60 seconds. Youre just trying to break even on this and get your winning percentage into the 80% range. Ill show you how its done in my trading classes.
2. Watch the NYSE TICK instead of volume. The symbol is $TICK on eSignal. Use it for timing your entries. After a while, youll see patterns emerge. The TICK will take your trading to a new level.
In my classes, Ill show you how I set it up and use it to make a good living.
- Make a wise decision
- Learn day trading from an experienced 27 year trading veteran
- Cut years off your learning curve
- Save thousands of dollars in trading losses by making an intelligent decision right here and now