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Archived content for Terminology

Archived content for Terminology

Huge Mistakes Made When Choosing a Day Trading System | Part Six

September 13, 2018 by tradersolution


Day Trading Education – Pitches that Win Now, Lose Overall

After a number of years in the trading industry, it’s difficult to avoid criticizing every little detail of various education systems. At a certain point, it seems as though you’ve heard it all in regards to companies selling their systems (and the questions that come from potential customers of said systems).

You even begin to see an almost political sense of loyalty begin to form between traders and THEIR system. Rarely does a trader admit, openly, to the flawed practices which they adopted at one point or another.

I recently heard a pitch so convincing that the educator didn’t even really sell an actual product. His system consisted of making live trades and explaining why certain decisions were being made and why.

Most “educators” who follow this model have 12-20 years of experience in trading and, as mentioned previously, cannot actually replicate their system because it made up mostly by personality traits instead of technical coding.


Day Trading Education – Buzzword: “Accuracy”

“Over 75 percent accuracy,” the salesman says. Your eyes light up as you wonder whether or not he’s telling the truth. Surprisingly, the answer is most likely yes.

But beware of the word “accuracy,” which will always be used as a tool in selling a system because of its ability to be manipulated.

For example, you may find systems that are only actually accurate 15 out of every 100 trades. These systems still claim higher percentages because their trade structure outweighs the 85 losing trades with the 15 winning trades.

The opposite can also be true. A system can be successful on 95 out of every 100 trades, but still lose money overall because the trade structure outweighs the 95 wins with the five losses.

After hearing the word “accuracy,” the best practice is to always make sure to see what the actual overall profit/loss is.


Day Trading Education – Buzzword: “Guarantee”

Another buzzword traders often hear as they research trading systems is “guarantee.” This is obviously in regards to pricing or satisfaction quality, as it is neither legal or ethical to make future guarantees on profits.

Again (just to be clear),there is only one type of establishment which can promise specific returns: federally regulated banks. Not one mutual fund, 401k, stock or trading account in existence can guarantee future profits.


Day Trading Education – The Total Rip Off

Occasionally a potential trader can come across a trading and education system that is a total and complete rip off. While this becomes more and more rare as time passes, it’s still a possibility.

In most cases, these systems promise huge profits on little effort from the trader. Money is exchanged, likely never to even be invested.

There are certain safeguards which are continually being put into place to help guard against this type of fraud, including federal laws requiring risk disclaimers on all trading websites and online entities. However, it’s still important to keep this in mind when searching for your system.


Day Trading Education – Beware of Salesperson

“Even a monkey could trade this,” is something a presenter might say while showing you a trade system demonstration. This may sound like they are trying to convince you, but in a sense, they could be right.

A study was conducted years ago involving a human and a monkey. Both sat in front of a computer and asked to trade for a specific duration of time. By the end of the experiment, the monkey had made more money than the human.

Obviously, results from the case above are rare, and should be taken lightly due to it being a single instance of the experiment. If it were run 1000 times, results would surely differ.

The main takeaway here is that education salespeople will do anything to make trading look easy, which the reality is that it simply is not. In certain cases, new traders can remain profitable for a short period of time, but that doesn’t mean their strategy is perfect.

A good thing to remember for new traders is to practice trade execution for a minimum of one month prior to increasing leverage and trading substantial funds.


Conclusion: Day Trading Education

In conclusion, day trading education is not something to take lightly. While many people learn and make a living day trading, others make their living by selling faulty and outdated education products. Here at Day Trade FEED, we’re doing our best to make sure everyone who is interested can learn to day trade without navigating all the tricks of the sales trade. 

When choosing a day trading system, make sure to use the product as much as possible before paying for it. Do this by using free demonstrations, trial periods and other forms of test drives.

Remember, if an education system doesn’t allow you to try before investing, it may not be worth your time.

Trading is something that is difficult enough without trading platforms and software companies misleading you.


Find Day Trading Education Through DayTradeFEED.com!

This article is only part six in a series aimed at helping day traders understand what mistakes to avoid.

First Mistake: No Ongoing Support/Education

Second Mistake: No Specific Way To Replicate Results

Third Mistake: Repeating Key Entry and Exit Strategies

Fourth Mistake: Paying for Trading Seminars, Books & Videos

Fifth Mistake: Make Money Day Trading (System Not Compatible)

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    Filed Under: Featured Story, Kevin Jones Indicators, Terminology Tagged With: can i day trade, choose a day trading system, day trade feed, day trade forex, day trade from home, day trade futures, Day Trade My Money, Day Trading Education, day trading indicators, day trading mistakes, day trading system, how to day trade, learn to day trade, make money day trading

    Day Trading Terminology – Support Levels

    June 18, 2018 by tradersolution

    What are Day Trading Support Levels and how do I find them?

    To start, let me explain a little bit about what day trading support levels are. Due to a focused cluster of demand, certain price levels stand out because a current downtrend stops for a moment before going through.

    For example, say you’re day trading forex and you have a sell trade active. You know there’s a steady downtrend occurring, and you’re simply waiting for your trade to clear before placing another.

    All of a sudden, the market downtrend pauses. You assume it’s nothing, but as you go forward you realize the market is having a hard time breaking through that specific price level. Chances are that invisible forcefield is a support level.


    How do day traders create strategies around support levels?

    Support levels are a common addition to many trading strategies. Most traders treat support levels, along with resistance levels, as if the market will never break through.

    By calculating the correct support levels, day traders are able to see into the future of the market. In fact, many traders base their entire trade on simply setting up to take profit prior to reaching specific support levels.

    Furthermore, if a day trader knows a support level is located at a certain point, they can take profit on their sell trade and immediately place another trade in the opposite direction.


    What is the main takeaway I’ll need while day trading support levels?

    In conclusion, understanding support and resistance levels is absolutely necessary if you wish to trade using analytical tools. This is especially true for those who often find themselves in short-term investments, such as day traders.

    If you’d like to learn more about how support levels work and how you can implement them in your own personal day trading strategy, contact us using the form below!

      Filed Under: Terminology Tagged With: day trade bitcoin, day trade feed, day trade forex, day trade futures, day trade terminology, day trading resistance levels, day trading support levels, EUR, kevin jones day trading, kevin jones trading, usd

      Day Trade Terminology: Volatility

      March 25, 2018 by tradersolution

      Volatility: What is it and how does it affect day trading?

      Volatility = Stability

      Above all, in its most basic definition, volatility can be described as: “liability to change rapidly and unpredictably, especially for the worse.”

      In day trading, it is the measure of a security’s stability. It’s usually calculated by finding the standard deviation of a return that has been compounded over a specific amount of time.


      Define for the Masses

      If you’re not into day trading, the definitions above could be a little tricky to understand. Fortunately, Day Trade FEED appeals to all levels of knowledge surround day trading!

      Basically, volatility is the amount of movement a market sees over a certain amount of time. For instance, if a market has gone up and down more frequently than on average, that market has a high volatility index.

      In contrast, if the market stays relatively consistent and doesn’t see many peaks or valleys, this market would have a low volatility index.


      Low vs High Volatility: What does it mean?

      Because of the nature of the market, certain movements can make or break a day trader’s account. This depends on if they have a short or long position in place.

      When a market has a high volatility index, this means that the market has a high potential for risk. However, it also means that it has a high potential for reward.

      When a market has a low volatility index, this means that the market has a low potential for risk. However, it also means that it has a low potential for reward.


      Should I be scared?

      Absolutely not!

      A lot of market movement means there are a lot of chances to make money. Traders simply need to make sure they know which way the market is trending.

      Also, pay attention to your charting software to ensure you are in and out of trades at the most efficient times possible.


      Learn More About Day Trade FEED

      Interested in learning more about day trading? CLICK HERE!

      Want to know if you have what it takes to day trade? CLICK HERE!

      Find out how much we make day trading by checking out our day trading results!

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      Filed Under: Terminology Tagged With: day trade feed, day trade terminology, day trading, day trading indicators, define volatility, high volatility, kevin jones day trade, kevin jones trading, low volatility, market volatility, volatility, volatility index, what is volatility

      Terminology | Bull and Bear | DayTradeFEED.com

      January 15, 2018 by DayTrade FEED

      Day Trading Terminology: What do people mean when they talk about bears and bulls?

      When it comes to day trading, bull markets and bear markets are two different trends that can be found within a market. These terms are used often, but should be reserved for candid conversation.

      Bull Markets

      Let’s begin with bull markets first. When someone refers to the market as a bull market, the market has steadily rising prices. These rising prices could be due to one of many contributing factors. These include general positive information that spreads among investors.

      Bear Markets

      On the other side of the spectrum from bull markets (mentioned above) are bear markets. These markets are trending down, sometimes in a violent way, like a bear swiping down. This is in contrast to bull markets, which trend upward like a bull pushing upward with its horns.

      Sentiment in Day Trading

      Some may hear the descriptions listed above and be reminded of certain economical bubbles from the past. However, bubble is the wrong term to use when describing these markets. Human beings are the only ones trading in the market (or human-created programs…).

      This means that emotion will always play a part in decision-making.

      One of the most important factors of day trading is understanding when market sentiment is weak or strong. This includes understanding when sentiment is just correcting for market swings early on.

      An Analogy

      Some prefer to think of day trading like a surfer thinks of waves. The tides will bring the waves, but the surfer is the one who has to catch them. This timing, technique and knowledge comes only after putting in the time to train.

      Make sure you visit DayTradeFEED.com for more information on day trading and day trading terminology.

       

      Filed Under: Terminology Tagged With: bear markets, bull markets, day, day trade, day trade feed, day trading, day trading forex, day trading futures, day trading terminology, terminology, trade

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