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Day Trading 101 Skills Needed To Win Big at Emini Futures
 
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Day trading 101 Sign up for our Absolutely Free - 5 Day Video Boot Camp on How To Trade at http://daytradervideo.com We've already discussed that becoming a day trader takes building 2 skill sets. In this day trading 101 video we discuss those two skill sets in more depth. How do you build each? Let me tell you how I built each. Day Trading 101 - Technical Aspect 1. Technical skill set Figuring out the right amount of indicators that works for you is the most important thing to do first. Understand that too much can be a bad thing. Make sure that your trading plan is complete and try not to leave out any problem areas that you might have. If there is a question about something that you aren't too sure about make sure that you backtest it to find a good solution. You should also find out what makes you comfortable vs. what your coach or someone else tells you to do If you're taking premature exits because of your emotions (fear) this isn't good. I suggest you begin to write out your emotions during the trading day and try and figure out what is causing your uncertainly. While you do that you need to be developing a really thorough trading plan. Now don't overdo it but make sure you cover situations that give you problems. Continually improve on your trading plan and add or take away things from it. Day Trading 101 Mental Aspect 2. Building the mental part If you're new than that's good because you haven't heard all the BS stuff about beliefs, meditation, deep breathing, changing state etc. I can tell you from personal experience that this doesn't work. In addition to being a trader I've had the opportunity to be a high stakes poker player I played some of the highest stakes online and there was a clear advantage to those people that were able to control their emotions. A huge misconception about emotions is that people think that they are bad in trading but this is wrong. Emotions actually provide a clue as to a problem that there is in your mindset. So, here's some of my best tips. First of all make sure you prepare to trade, and also make sure that you analyze and evaluate after you are done. Finally track your emotions during the course of the day and mark anything down that is out of the ordinary for you during the course of the day You'll want to come back to this spot and see what you can come up with. Hope this helps.
Views: 3201 HowToDayTradeOnline
How To Day Trade Online Trading For Beginners
 
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How to Day Trade Online Trading for Beginners - Get our 5 Day Video Trading Boot Camp Free - http://daytradervideo.com This is the second part of the how to trade video series. Sign up for our free video course at the link above: In case you haven't seen the first video it basically answers a commonly asked question by new traders which is, "What is a day trader?" In order to begin learning how to trade you first need to figure out what exactly you want to learn to trade. Some of your options include: Stocks Options Futures Penny Stocks Stocks typically applies to larger cap stocks like Apple, Google, General Electric and Coca Cola. The problem with this type of vehicle is that you will need quite a large account to make a significant amount of money. They can be scalped but the bottom line remains that you will need a large account. Scalping means that instead of making a large profit you take small profits. The primary reason that this didn't fit my style is that I was looking for a way to make more money with a much smaller account. The second thing that I tried was penny stocks. For the most part I made money trading these but there was a lot that I did not like about them. What did I find wrong with learning how to trade penny stocks? Most of the companies are all crap. So, they are definitely not something that you want to learn how to trade for the long haul. Penny stocks also require quite a bit of research and studying. It takes around 2-3 hours per night doing the required research and finding out information about these companies. You also have to watch several charts during the trading day. So, be prepared to have your lunch at your desk. Another pitfall of penny stocks is the fact that they fall under the 25k Pattern Day Trader Rules. This rule says that if you are going to take any more than 4 round trip trades within a 5 day period you will need 25k in your trading account. I also tried options and did not do so well trying to trade these. The primary reason was the fact that I was fairly new to trading and really didn't know what the hell I was doing. The thing about options that interests so many people is the fact that you can make a ton of money trading them, but people forget that you can also lose a ton of money. For more information on how to trade online watch some of the other videos in this playlist.
Views: 26344 HowToDayTradeOnline
What Is A Day Trader? Beginner Video on Day Trading
 
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What is a day trader? Sign up for our free 5 day video boot camp to learn how to trade: http://daytradervideo.com This question is one that I get on an everyday basis from people that want to learn more about the stock market. What is a day trader? A day trader is someone that buys and sells any financial instrument (futures, stocks, options, currency) and does not want to hold them like an investor or swing trader. They pretty much want to be in and out of them in hours most of the time minutes. Take me for instance. The longest trade I've ever held is less than 1 hour. If I remember correctly it was under 45 minutes. Today I had one that lasted around 25-30 minutes. The second most question I'm asked is what does it mean to go long or short? A long is the same thing as buying meaning that your you are gambling that the current price in the market will go higher. So you are betting that price goes up and you win if it in fact does go up and then you close your position. A short is just the opposite. In this case you are betting on the fact that price is going to go down. So you sell short and plan on closing your position once price goes lower. Let me show you a quick example of what I mean. Finally the last question that I am most commonly asked is how much can I stand to lose if I day trade? And the answer is actually kind of vague and that is .. it just depends. So, let me explain exactly what I mean by that. Anytime you should take a trade you should automatically have a plan when you enter that trade. In fact I'm going to go a step further and say that your stop management should be in place already when you take a trade. So, If i go short and take a trade my stop management should automatically pop up. And under no circumstances should I ever move my order. That's the problem with most traders. They take a trade and have no plan. So, if the trade begins to fail they sit there and hope that it eventually will turn back in the original direction that they wanted it to go. And the opposite holds true for when they take a trade and it begins working in their favor. They will sit there and get greedy and try and let the trade run. And once it turns against their favor they'll sit there and be disgusted with themselves for not closing the trade when they had a huge profit. Bottom line is have a plan when you take any type of trade. This should answer the question of what is a day trader.
Views: 73621 HowToDayTradeOnline
Becoming A Day Trader - The Tools That You Need To Trade
 
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Becoming a Day Trader - The Tools That you Need to Trade - Sign up for our 5 day Video Boot Camp at http://daytradervideo.com This is part three of the how to trade video series which talks about becoming a day trader. We already covered things like, what is a day trader, and figuring out what exactly you are best suited to trade. This video goes over what tools of the trade you need to have in order to succeed in becoming a day trader. Obviously the first which we covered in video one was: having something to trade. Make sure this fits your personality. Some of us aren't built to trade certain things. 2. Charting Platform - A charting platform is the single most important thing that you will require. Without it you will not have any charts available to you in real time. The charting platform that I prefer to trade on is NinjaTrader. You can try it out for free when you sim trade. The best types of charting platforms are those that allow you to customize your charts and add indicators to them. 3. Data Feed - This is basically your connection to the market and graphically represents the transactions that happen in the market in the form of price action. There are also many data feeds that you can use on a trial basis. Search Google for trial futures data feed. 4. System - There are two ways of acquiring a system. One is coming up with your own through the use of identifying patterns and then back testing the probability of those patterns. The second method that you can use to get a system is by buying one. Understand that there are advantages and disadvantages to buying a system. We will go over these in a future video. 5. Stop management - In order to become a successful trader you will need to have some sort of stop management in place. Any good system should already have this in place. You should have it automatically pop up when you take a trade that way you don't have to bother chasing your stop. 6. Bankroll management - This is really going to depend on what type of trader you are going to be. Are you going to become a professional or do you have a day job that will give you a solid income while you continue to learn. Make sure to have enough money set aside when you begin on your journey. 7. Review and Practice - I like to say that you should treat this like you are a professional athlete. Understand that this is the only way that you are going to make big money. 8. Mindset - This is the single most important thing to train in order to become successful. Prior to meeting Jared Tendler I was an average poker player who made six figures a year, and after working with him my salary increased to six figures per month. It's just that important. That's it for becoming a day trader. Stay tuned for part 3.
Views: 14657 HowToDayTradeOnline
Trading Secrets Don't Exist Emini Futures Tools of the Trade
 
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Trading secrets To Get our 5 Day Video Boot Camp Series visit http://daytradervideo.com This is part three of the how to trade video series. This video tells you the best trading secrets for trading emini futures, which is having the right tools. Five day video course click here: We already covered things like, what is a day trader, and figuring out what exactly you are best suited to trade. This video goes over what tools of the trade you need to have in order to succeed as a day trader. First off the bottom line is there is no trading secrets to success. All it takes is a little hard work and having the proper tools. The tools: Obviously the first which we covered in video one was: having something to trade. Make sure this fits your personality. Some of us aren't built to trade certain things. 2. Charting Platform - A charting platform is the single most important thing that you will require. Without it you will not have any charts available to you in real time. The charting platform that I prefer to trade on is NinjaTrader. You can try it out for free when you sim trade. The best types of charting platforms are those that allow you to customize your charts and add indicators to them. 3. Data Feed - This is basically your connection to the market and graphically represents the transactions that happen in the market in the form of price action. There are also many data feeds that you can use on a trial basis. Search Google for trial futures data feed. 4. System - There are two ways of acquiring a system. One is coming up with your own through the use of identifying patterns and then back testing the probability of those patterns. The second method that you can use to get a system is by buying one. Understand that there are advantages and disadvantages to buying a system. We will go over these in a future video. 5. Stop management - In order to become a successful trader you will need to have some sort of stop management in place. Any good system should already have this in place. You should have it automatically pop up when you take a trade that way you don't have to bother chasing your stop. 6. Bankroll management - This is really going to depend on what type of trader you are going to be. Are you going to become a professional or do you have a day job that will give you a solid income while you continue to learn. Make sure to have enough money set aside when you begin on your journey. 7. Review and Practice - I like to say that you should treat this like you are a professional athlete. Understand that this is the only way that you are going to make big money. 8. Mindset - This is the single most important thing to train in order to become successful. Prior to meeting Jared Tendler I was an average poker player who made six figures a year, and after working with him my salary increased to six figures per month. It's just that important. If anything this is the only trading secret that most people will never even utilize. You should definitely add this to your arsenal and begin working on it daily. Stay tuned for the next part.
Views: 30534 HowToDayTradeOnline
How To Daytrade -Develop Skills Key to Being Profitable in Trading
 
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This is part three of the how to daytrade video series. For our 5 day bootcamp click here: http://daytradervideo.com In this video I cover exactly what a system is. In addition to defining a system I will talk about the two different types of systems that there are available. I will also cover the steps that you can take in order to either buy a system or create one. In layman's terms a system is the way that you decide to take your trades. It could be based off of both technical or fundamental principles of the stock or index that you are trading. Or it could also be one or the other. What I mean by that is that some systems are based off of technical chart patterns and others are based on company fundamentals. There are even systems out there that are based off of news events that happen in the market. My personal system is based off of technical chart patterns. What this means is that I look for certain patterns based off of the charts that I have open. When all my rules are met then I pull the trigger and take the trade. This is the whole basis of a rules based system. What this means is that you take a trade based off of certain rules being met. These rules can be a combination of many different things. This includes things like your indicators all matching up, seeing a chart pattern, and even the way that price action lines up on your chart. The important distinction between a rules based system and a autmoated system is that rules based systems require some type of human element. It requires a decision to be made on your part. The second type of system that is available to a trader is an automated system. You've probably heard of this before. It is usually referred to as a forex robot or a forex automatic trader. This type of system is supposed to automatically take a trade for you. How to Daytrade - developing your own system: How can you develop your own system? 1. Through the use of trading books. This is an inexpensive way but you have to understand that books are just a general overview of the market. 2. Professional seminars are a very expensive option and the number one question that you need to ask is: Is the instructor a professional trader or professional teacher? 3. Online trading courses are a good optoins as most of these area available 24x7 on the internet. But again you have to ask the question of: Is the instructor a professional trader or professional teacher?. 4. Finally the most expensive of the bunch but the best way to guarantee your chances of success is to hire a personal mentor. Hopefully you got a lot out of this video on how to daytrade.
Views: 3168 HowToDayTradeOnline
ZOIQ - Kevin Harrington Talks About the Must Attend Conferene of the Year
 
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ZOIQ - Kevin Harrington Talks About Zoiq.com the Must Attend Conferene of the Year for more info visit ZOIQ.com Learn everything that Kevin Harrington had to say about ZOIQ right from this video. We will take you behind the scenes to speakers and the people that made it happen.
Mike Collins Amazon Seller - The Real Deal or Scam?? Find out Here
 
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Mike Collins Amazon Seller - The Real Deal or Scam?? Find out Here Mike Collins offers several Amazon listing services and he also offers personal coaching groups for both new and experienced Amazon sellers. In this seller find out exactly what we think of Mike and the programs that he offers. Some of the things covered include Amazon products and tactics for marketing those product.
Exotic Car Rental Miami - What You Need To Know Before You Drive!
 
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Exotic Car Rental Miami - What You Need To Know Before You Drive! for more information visit: http://exoticcarerental.com Find out why Floridians choose our service above everyone elses in this video. You will not believe what you learn!
Kevin Harrington Talks The Art of the Pitch at Zoiq.com
 
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Kevin Harrington Talks The Art of the Pitch at Zoiq.com for more info visit zoiq.com Kevin Harrington of Shark Tank fame talked about the art of the pitch during the Zoiq.com conference in Clearwater Florida over the weekend. Take a look at some of the things he discussed at that conference in this video,.
Amazon Millionaire Summit Review - Get a Recap of What I Learned There
 
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Amazon Millionaire Summit - Get a Recap of What I Learned There Check out these great tips i learned live at this summit held in London.

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