Advanced Course Book.pdf

(4090 KB) Pobierz
Day Trade
Warrior
Chapter 1. Introduction to
Trading
How does Day Trading Work?
The Simple concept is that we want to buy
stocks that are going to move up.
In other words, as Day Traders, we profit from
volatility. Markets that aren’t moving won’t
give us profits.
When stocks are moving, we can find
opportunities to trade and profit.
It’s out job to find volatility in the market by
hunting for catalysts such as quarterly
earnings, press releases, and other types of
news.
Why do Most Traders Fail?
Day
Trading requires quick decisions and
a lot of discipline. Many new traders
initially lack the ability to make good
decisions and maintain composure while
under the stress of a losing position.
Skill and Discipline are like muscles that
require exercise to grow. Your ability to
make quick decisions and follow y our
trading rules will improve with experience.
How do I find Trades?
Once
I have found stocks that will have
the volatility to give us profit potential, I
have to find exact entire and exit levels.
I rely on a handful of simple patterns and
strategies.
I only take the best setups and wait on the
sidelines until I see something worth
trading.
The Value of Patience
Learning
to be patient is extremely
important for your long term success as a
Day Trader.
There are times when we must sit on our
hands and wait for better opportunities.
If we try to trade through poor market
conditions, we will typically lose money.

Plik z chomika:

Inne pliki z tego folderu:

Inne foldery tego chomika:

Zgłoś jeśli naruszono regulamin