How To Day Trade (Part 1) “Myths vs. Facts”

Uploaded by Jacqueline Jenkins on August 21, 2014 at 8:15 am

How To Day Trade (Part 1) “Myths vs. Facts”

Grab my free trading course at - http://www.chrisdunn.com/how-to-day-trade/

In today's lesson you're learning the basics of how to day trade. I'm going to show you why there's so much misinformation about trading online, and how to differentiate between myths and facts.

Since 2001 I've been obsessed with trading stocks and futures. Over the years I've seen changes in market conditions, which affect how traders make money in the markets.

The biggest goal of this video is to help you understand why trading can be a great business, but also to understand the realities of trading so you don't get suckered into wasting time and money on things that don't work.

Some of my top benefits of day trading include:

- Being able to trade from anywhere in the world with a high speed internet connection
- Having the opportunity for daily income
- No boss, employees, or customers
- Very little overhead (just your internet and trading tools)
- Being able to choose which hours we can trade

Now, it's important to keep in mind that most traders lose money. So if you're serious about trading, then you need to approach it as a professional.

Here are some key things to keep in mind if you want to become a day trader:

- Have to be accountable to yourself (can't be lazy)
- There isn't a guaranteed "pay check"
- Need a strong desire to succeed
- Must have "risk capital" (don't trade with grocery money)
- Must be willing to dedicate time to learn
- When you begin to trade, you need to decide on a few things:

The first thing to choose is the time frame you'll trade. Are you going to be a day trader, holding position from a few minutes to a few hours? Or do you want to compete with computer programs and try to be a scalper? If you don't have a couple hours to dedicate to watching the markets, maybe swing trading is the best option for you.

In my experience, one of the best approaches to day trading is to be a "pivot-to-pivot" trader, where you look for short-term predictable moves in the market. This will allow a trader to watch the market for a couple hours, then walk away without any attachment to the markets.

The second thing you'll need to decide is the market(s) you'll trade. It's important to have an insider's look at the pros and cons of each market - That way you can choose which market is best for you.

Grab my free trading course at - http://www.chrisdunn.com/how-to-day-trade/

Grab my free trading course at – http://www.chrisdunn.com/how-to-day-trade/

In today’s lesson you’re learning the basics of how to day trade. I’m going to show you why there’s so much misinformation about trading online, and how to differentiate between myths and facts.

Since 2001 I’ve been obsessed with trading stocks and futures. Over the years I’ve seen changes in market conditions, which affect how traders make money in the markets.

The biggest goal of this video is to help you understand why trading can be a great business, but also to understand the realities of trading so you don’t get suckered into wasting time and money on things that don’t work.

Some of my top benefits of day trading include:

– Being able to trade from anywhere in the world with a high speed internet connection
– Having the opportunity for daily income
– No boss, employees, or customers
– Very little overhead (just your internet and trading tools)
– Being able to choose which hours we can trade

Now, it’s important to keep in mind that most traders lose money. So if you’re serious about trading, then you need to approach it as a professional.

Here are some key things to keep in mind if you want to become a day trader:

– Have to be accountable to yourself (can’t be lazy)
– There isn’t a guaranteed “pay check”
– Need a strong desire to succeed
– Must have “risk capital” (don’t trade with grocery money)
– Must be willing to dedicate time to learn
– When you begin to trade, you need to decide on a few things:

The first thing to choose is the time frame you’ll trade. Are you going to be a day trader, holding position from a few minutes to a few hours? Or do you want to compete with computer programs and try to be a scalper? If you don’t have a couple hours to dedicate to watching the markets, maybe swing trading is the best option for you.

In my experience, one of the best approaches to day trading is to be a “pivot-to-pivot” trader, where you look for short-term predictable moves in the market. This will allow a trader to watch the market for a couple hours, then walk away without any attachment to the markets.

The second thing you’ll need to decide is the market(s) you’ll trade. It’s important to have an insider’s look at the pros and cons of each market – That way you can choose which market is best for you.

Grab my free trading course at – http://www.chrisdunn.com/how-to-day-trade/