Is making $ 100-200 days within a two-hour time window sound appealing to you? Of course not, who would not?
The real question is ... Are you willing to put in time, effort and money to learn how to do it? We could lose a few people with this issue.
The final question is ... you have $ 30,000 of venture capital to make that money, and you're willing to lose? Ok, that eliminates most of you, so you can hit the BACK button here. Sorry, but better to know now than later. Bye.
is still here?
If so, is probably the math and realized even at $ 100 profit per day times 20 days of trading is $ 2000 per month which corresponds to $ 24,000 a year in profits, which is 80% return on investment. It's amazing comeback. Good thinking. The only problem is if you're just starting out, cut that figure by 80%, if you're lucky. It is time, money and effort part. But that does not mean that there will be, it just means you have to work your way there, slowly. You can press the back button now ...
is still here?
If you're still reading, then there is hope, but it's a long journey. Let's not fool anyone here. Trading is a skill that must be taught, but only those who really want to learn. We call it hunger. the most expensive way to get the hunger blow your account and lose a ton of money in the process. We call this learning curve. You can get so devoid of an effective trading methods that process of elimination and contrast attracts what eventually does and does not work. From here, a trader seeking to fill a gap in his understanding of markets and methods (if he lasts that long), unfortunately, he has no more access to capital. It is a tragedy for trading.
For all intents and purposes, we want to reduce the learning curve as possible. Yes, it is possible. Just like the market, we would like another test of support and resistance levels, and then confirmed in step on breakouts. In this way we avoid the risk themselves. When learning how to trade profitably, you can also avoid the pitfalls of learning from other experiences.
First, let me start off by saying, making money trading the market is not difficult (if you know what you are doing). The hard part is keeping it. These are two separate statements. In order to even connect, you must have already earned 'their way in the form of experience and effort in learning methods. Some also get something straight. There are no shortcuts in this game. This is no longer and not cheeseball there are twelve part video / DVD series for purchase.
As this statement applies to you as a trader depends on which side of the lines are. Are you on the inside or outside? within just means that you have already built a solid foundation in relation to knowledge and methods of carrying out efficiently. outside the ... everything else.
Here is a quick test to see where you stand:
Answer yes or no:
1) Can you identify the puppy and the puppy mini sample?
2) Can you identify the prime displays and the perfect storm?
3) Can you identify the four parts of a trend?
4) Can you explain the channel expansion and contraction?
5) Can you spot the consolidation?
6) Can you identify the 'tradeable' in the market environment in relation to the flat and choppy 'untradeable' market environment?
7) Can you walk away from computer screens at any time?
8) Can I stop the loss and reenter the same store minutes later and explain why?
9) You can determine when the premises are fading and stops to keep?
10) Can I enter a long trade and reverse it short is based on the premise of change?
11) Do you believe the stock can be uptrending downtrending and at the same time?
12) Can you accept losses on the trading day?
13) Do you earn money every day trading?
If you answered yes to all of the above, and NO to the last question, then you're already at the stage where you should be making $ 100-200 days, and good trading!
If you have not got all the answers right, then keep reading.
The first part is being able to make money. To achieve this, you need to learn effective trading method or system. It can take years to develop, or you can learn the system someone spent years to develop (namely me). I make my method public so that anyone who really wants to learn can. Of course, being able to learn and apply to be separate things all together. connecting two can resolve to spend time in our interactive trading chatroom. We offer a free 10 day trial. Full membership allows the merchant access to more than 3,000 pages of material and interactive privileges.
Changing oil is not difficult if you know what you are doing. You can figure it out myself through trial and error, or pay a mechanic to teach you. In addition, opinions UndergroundTrader.com goal is to put our experience to use, so you can defend for themselves in the market. Learning the trade should be a dynamic real-time experience as well as markets. That's what we do every day. Here is a sample log of the trading pit and pattern shops warning
Sign up for a free trial version and you'll have access to training trial trader slow slide that has all the answers to these questions and many more. This will serve as a good starting point for building your foundation. In addition, you'll also be able to see the analysis and alert in real time, so you can evaluate the results for yourself to see if it is actually worth pursuing the effort. Hey, if the results suck, then why even bother? Since the belief and experience first hand the only real way to form an opinion.
Before this sounds like too much pitch, let me show you the stores we played to the shares of Hoku called on 07/09/2007. If this goes over your head, do not sweat it. The goal is to be able to eventually figure it out.
At 12:19 p.m. EST, we alerted our members to consider buying shares of Hoku to $ 11.85 based on multi-lane setup perfect storm consisting of 8 / 13 minutes and two puppy mini puppies, along with daily and 60 minutes, breaking the puppy. 3 minute chart forming a nice consolidation breakout. The beauty of a perfect storm setup was layered support levels at 12.70. Members were advised to trim the size of stocks tend to coil resistance in the 12.10 12:24 a.m. six in the afternoon and 57, members are alert to cut out several sections in the levels of 12.40 x 12.50 (stinky 2.50s call option attack) . We finally get LOCKED rest of the range of 12.60 to 12.70s at 13:20 ET as it was forming a gap fill prior day highs, where we expected heavier sales. Trade played well and our members money.
is any trade this good? Hell no. Does my method work all the time? NO. Does it have to work all the time? NO. It should just work when we use it under the right circumstances --- that's all that matters. The key is to know when the method is effective and used only in those situations. This is what real-time trading pit is for. Learn and move on to sustain themselves.
Making money is not hard, when you learn how to do it. With that the tough part. This is addressed in a paper tempo. Remember, this is a long way, but if you decide to take it at the end of the game can be useful and fun. Good trading.
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