Why Is the Failure Rate So High Among Day Traders?
If you ever want to impress a potential new friend, it’s generally not a good idea to tell them that you are a day trader. Over the years, day trading has been associated with well-intentioned individuals losing their life savings, jumping out of skyscraper windows, and going insane. While I cannot make any particular judgments about my own sanity, I have yet to lose my life savings or jump out of a skyscraper window.E-Mini Trading: Let’s Start at the Beginning With No Hype
It’s not unusual for me to peruse prominent (and some not so prominent) e-mini trading education sites and see what’s being promoted and how it’s being promoted. Often times, I find the promises and guarantees espoused on these sites appalling.E-Mini Trading: Candlesticks Are Great, But I Prefer Renko Bars
This article will deal with one of my favorite topics and most used charting technique. We will be discussing Renko bars.
Day trading has become extremely popular with the average individual investor. Why? Because all the tools of the trade are easily accessible including real-time market activity, investing indicators and lightning quick trade executions, and enough charts to make Milton Friedman dizzy.3 Important Day Trading Tips
Tip #1 – You Must Be Disciplined – If you want to be a successful day trader you must master the art of being disciplined. One of the main things that separates the great traders from the not so great traders is their ability to bounce back and stay focused after a loss. This comes from being disciplined and understanding you must continue to execute your plan no matter what happens.