Someone called me up the other day and asked me for the best tips to learn how to day trade. I did not have to think for very long before I gave my answer: Be smart and stay disciplined. Basically, you need to know your strategy cold and execute it, over and over and over.
Don’t deviate looking for home runs. Don’t search around for the big winner that will make you an insane profit for a year.
Start small. Read about the trader that started with $1K and traded up to $8,653 in 30 days. That takes smarts and discipline. One of the keys is risk management. Don’t bite off more than you can chew. Make small trades, take small wins and stay steady.
That gain of 750% in one month is not normal. That is the result of an expert trader going back to his roots and seeing if he could still make it work with just a tiny account. Learning to day trade is hard, but making that much profit in such a small amount of time is one of the benefits of years of hard work.
Learning how to day trade takes a lot of effort. But it also takes the right kind of effort and the right kind of training. 90% of traders who give it shot will fail. But not because they are not working hard or putting in the hours. It is because they are not following the proper strategies.
Warrior Trading will teach you the basics of momentum trading, gap and go trading and reversal trading among others. But that is only part of the story. You need the discipline to manage your risk when you are out there trading.
Pick the right stocks, manage your risk, identify winners and then you will ready to look at Level 2. Watching the Level 2 after you have the requisite training and experience means you will being to anticipate where the stock is going to go.
You need to understand profit/loss ratio and what percentage of profit you need to be successful. That is an essential component of managing risk.
So if you think you have what it takes to become profitable off the stock market in 2017, contact Warrior Trading on Twitter. They have the experience, expertise and tools to teach you how to get where you want to go.