Want to learn how to day trade? There are three popular ways. Before we get into that, let’s reflect a little bit about day trading as a career – Labor Day is approaching, after all!
Day trading is appealing because retail traders (people who trade from home) often have no collegiate training. It’s considered a career option that requires no formal education, yet has the potential to produce income exceeding that of physicians and sports stars. We get it – you probably became interested in trading because of one or more of these ideas. Like any profession, learning to trade properly does require time and dedication. However, at DayTradeToWin, our goal is to shorten your learning curve and get you out there without wasting extra time or money.
Trial and error: unfortunately, this is a common route for many because we have a tendency to overestimate our abilities and refrain from taking others’ advice, including those who are more experienced. Have you ever started a home construction project to later regret that you did not get professional help from the start? Trial and error is great for learning, but you can easily find yourself in over your head quickly. When it comes to the markets, no one wants to be financially buried. Also, who has the time these days to try hundreds of trading strategies? And who has that kind of budget?
Reading books: thousands of books exist about the subject of trading. You can read recommendations and reviews, but the theories and approaches may not approach your particular style of trading. Is the person who wrote the book actually a trader or just an author? How abstract are these books – do the methods still work? Are the books interactive enough to be worth your time and money? Our students have told us that our videos and live training have been much more effective than traditional reading material.
Day trading coach that teaches his or her strategies: why try to reinvent the wheel? If you wanted to play the piano at a young age, you could mash the keys for a years hoping to hear something resembling Prelude No. 6, or your parents could have hired a coach (someone who knows how to play and knows how to teach) to put you on the fast track to success. Now that you are an adult, the reasoning here makes sense – it’s time to approach trading seriously. We have about 10 different trading strategies taught in our eight-week coaching program. Training is twice a week for about an hour each time. The goal is to learn all the methods so that you can tackle whatever the market throws your way. Click here to read more about Mentorship. Enroll today because the next Group class starts Sep. 3, 2018. We’ll send over the first week’s course and software so you can get started!
Not yet ready for Mentorship? We have a number of standalone courses and software available on this page.
From all of us at DayTradeToWin.com, we hope you have a safe and happy holiday weekend! Remember that on Labor Day (Sep. 3), CME equities like the E-mini S&P 500 will halt early at 1 p.m. EDT and will reopen at 6 p.m. EDT. The EDT time zone is UTC-4 (New York time).