How much money do day traders really make? How much do Forex, stocks, futures and options traders make in a day? Learn more in this podcast episode. I’m often asked, what is the average income of a day trader and what is the day trading success rate. Listen to this episode of the Top Dog … Continue reading How Much Do Day Traders Make?
Many traders ask “How Can I Be Disciplined in Trading?” They struggle with the discipline of keeping their rules in trading psychology in Forex, futures and day trading stocks. This episode will help your trading psychology with a very specific tool. Enjoy! Get One of my Favorite Trade Strategies for Free:“The Rubber Band Trade.” Today … Continue reading Trading Psychology Tips, Part 2
Do you know the Counter-Intuitive Way to Make Money Trading? This episode will give it to you! Enjoy! Get One of my Favorite Trade Strategies for Free:“The Rubber Band Trade.” Today you’re going to get 2 Freebies: #1. Get one of my favorite trade strategies called “The Rubber Band Trade” which has an extremely high … Continue reading Trading Psychology Tips, Part 1
Learning Overbought and Oversold signals for day trading and swing trading with oscillator indicators is a common teaching in technical analysis. They can work with the stock market, Forex, futures, e-minis, or most anything where you can plot price action on a chart. There are actually 3 types of overbought/oversold signals, but only one of … Continue reading The Only Type of Overbought & Oversold Trading that Works
Can day trading be profitable? Can it even make you rich, or will it make you broke? The same could be asked for swing trading in any market, whether it’s Forex, the stock market, E-minis or futures. Today I answer a question from a frustrated trader who has been trying (unsuccessfully) to be profitable for … Continue reading Can Day Trading be Profitable? Here’s the Solution If You’re Frustrated
This is part 2 of an episode that was recorded as a “flow of consciousness” on my mobile phone while driving home from an event that brought up a lot of thoughts. As you listen to the ideas about money and prosperity I put forth, use this as an exercise, actually a “mirror,” to your … Continue reading Testing Your Mindset about Making Money, Part 2
3 places your orders can reside: Your computer Your broker’s server At the exchange Some advantages/disadvantages of each: Your computer: Good: protect you from trading blind if your computer or internet service goes down for day traders. Bad: slower fill Your broker’s server: Good: Faster than on your computer. You’ll get you filled even if … Continue reading Why the Pros Get Their Trades Filled Before You!
Can market makers see where you place your orders so they can “run your stops?” The specifics will vary depending on whether you’re trading stocks, futures, Spot Forex or Options. Not only human market makers, but also, and perhaps more importantly, market making algorithms that are programmed to run stops. It’s not most accurate to … Continue reading Can the Market Makers See Your Stops?
WHAT’S THE BEST TIME INTERVAL FOR DAY TRADING? THE 5 RULES: The size of your trading account. Can’t risk more than 2% of your trading account on any one given trade. This is from entry to protective stop. If holding overnight, then is risk of your hedge. Keep going smaller in time interval, and find … Continue reading What’s the Best Time Interval for Day Trading?
The Market Took All My Money! Successful Trading is in Your Control – Learn How Now. “Extreme Ownership” is the opposite of entitlement. Take control. Being in control requires responsibility, so many of us prefer to say that things are outside of our control. Examples of: Scam alert websites. Ripoff report websites. No, your’e not … Continue reading The Market Took All My Money!