It is a widely recognized fact that a majority of traders struggle to generate profits over an extended period of time. This can be attributed to various factors, including preventable amateur trading errors. However, even experienced traders can fall prey to a common pitfall: selecting...
Are you interested in day trading stocks or options? If so, you may have heard of the Pattern Day Trader (PDT) designation. The PDT rule was implemented by the Financial Industry Regulatory Authority (FINRA) to protect individual investors from the risks of day trading. In...
FOMC (Federal Open Market Committee) day is an important event for stock traders. It's a day when the Federal Reserve announces its decision on interest rates, which can have a significant impact on the stock market. As a day trader, it's crucial to have a...
Trading the stock market can be a thrilling and rewarding experience, but it can also be stressful and emotionally challenging. Many traders have experienced the highs of making a successful trade and the lows of losing money on a trade that didn't go as planned.
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Day Trading offers the possibility of generating income on a part-time basis, but readers are forwarned that this is not a certainty and profits can be elusive. You don't have to be focused on the stock market throughout the night when you are day trading....
A day trader is someone who trades in the morning, afternoon, and sometimes evening times. Usually most trades are made when the stock market is open and day traders are able to relax after knowing that they don't have any trades sitting overnight. That means...
Day Trading is great for those who want to spend less time at work and use that time to enjoy the things they love. Imagine being able to make trades in the morning and then logging out, you can now focus on whatever else you...
If you wanted to construct a position in the financial markets that mirrors your economic outlook. What market would you choose to make a profit from? If you're like most people, you would pick the stock market. You'd probably build your proxy by buying - or...
In a very familiar old joke, one gentleman asks another, "How do you get to Carnegie Hall?" The Second gentlemen respond, "Practice." I believe the same advice applies to the person who asks how to become a successful day trader. Most day trading systems (at...
"People often ask me, "What is the single most important personality trait of a day trader?" Almost as often, they are surprised by my one-word answer-- discipline. In my experience of teaching thousands of individuals to day trade, I've found that the ultimate determining factor...