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Kevin Jones Day Trading Misconceptions and More

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Kevin Jones Day Trading Interview w/ DayTradeFEED.com

Utah entrepreneur Kevin Jones discusses some common day trading misconceptions. Furthermore, why he thinks you should learn how to day trade.

As always, the interview was done for DayTradeFEED.com:

Kevin Jones Day Trading Interview Transcript:

WHY SHOULD PEOPLE LEARN TO DAY TRADE?

“The biggest thing that I think day trading does for people is it allows them a certain level of freedom, it gives them more control over their finances. I think so many people are struggling with that to understand how much of a control should they give to somebody else versus have on their own.

And so many times people look at day trading, and they say, you know, I’ve heard this or that about it. Isn’t traditional investing the better route to go. And we definitely don’t downplay traditional investing, but it gives an opportunity for people to be able to control some of their finances by being directly in control of it on a day to day basis.”

WHAT ARE SOME COMMON MISCONCEPTIONS YOU SEE AROUND DAY TRADING?

“Most common misconceptions that I see are really that somebody tried something like day trading, right?

Something that falls into that category, if you will, and they tried it, but they didn’t give it a really good, honest effort. Another thing that I see that people do that’s really a poor way to learn anything is just to give it a shot on their own, and they don’t seek out any type of coach or mentor. And then when things don’t go as they plan because they learned they literally had no education, no training, nobody to help them through some of the challenges and they give up on it.

Then they go out and they they bad mouth it. They talk about how poor their experience was. And you would really have that kind of experience around just about anything you try without a decent coach or mentor or training of some kind.”

In conclusion, Kevin Jones Day Trading Interview Links:

To learn more about Kevin Jones and/or day trading, visit…

 https://DayTradeWire.com

 https://DayTradeFEED.com

 https://DayTradeForGood.com

or https://TraderSuccessNetwork.com!

Kevin Jones Trading, How Do You Fit?

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Kevin Jones Day Trading

You’ve more than likely heard of Kevin Jones Day trading – a day trading business that teaches you the ins and outs of buying and selling short term to make a profit. But if you’ve never day traded before; you may not know where you fit in the day trading gambit. 

And if you’re emotionally tied into decisions you typically make – decisions like paying your monthly bills, deciding on a contractor for your home, or buying a new car, you may wonder if you’re a fit for day trading at all.

Fortunately, Tyler Perry (Student Development Advisor) with Kevin Jones Day Trading has something to say about that. 

“We have two major rules when it comes to trading. Can you follow the rules? And can you keep your emotions in check? If you can, you’ll be successful, and when you can’t you’ll have to work on one of those two rules.”

Some people never decide on where they fit because they’re “overly emotional” says Perry. “They won’t make it and we’ll probably have a conversation with them about that.”

For those who stick with the program, however, there is much to learn. Most new day traders begin at just an hour a day, learning the rules about back-testing, [taking their plan back to the past], watching the market as it moves forward, and deciding through experience what plan will work for them. Coaches are valuable during this time. Traders learn where they fit, says Perry because “not everybody trades the same.”

Day traders fall into three categories, according to Perry: Short-term or Scalpers, Mid-term, or Long-term.

Consider for a moment where you might fit. 

Short-term traders or Scalpers want in and out of the market – fast. They’re not about sleeping on it or watching the market fluctuate. “They want in and out of the market in 5, 10, 15 minutes.”

“Mid-term day traders are good for a couple of hours and long-term traders don’t mind holding a position for a day.” These are the day traders that go to bed and then wake up in the morning to “see where they are” says Perry. 

Whatever your style of trading, the rules of day trading must be followed – the rules you have set for yourself and the rules that are basic to day trading. 

“We’re an educational company. We have our system. We have our indicators that my father wrote [Kevin Jones Sr.], and we teach people how to use the system to make better decisions with their money. We’ll help you and get you pointed in the right direction.” 

Kevin Jones, Matt Poll Donate to Sub-For-Santa

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Kevin Jones and Matt Poll are Utah business owners. The two pooled proceeds from a 30-day trial of their day trading program.

Matt Poll and Kevin Jones began their day trading education and coaching program back in 2008. The company has grown substantially since then. which put the Utah entrepreneurs in a position to help others less fortunate than themselves during this holiday season.

The two day trading educators recently pledged to donate all earnings from the $10 Trader Lite signup fee to Sub For Santa. That pledge was recently fulfilled as part of a holiday party held at The Melting Pot in downtown Salt Lake City.

You can find pictures from that event below:

“As always, we’re thankful for the chance to help others less fortunate than ourselves and look forward to any and all future opportunities to help,” Kevin Jones said.

“We’ve been given a great opportunity to help others and we couldn’t let that opportunity pass,” Matthew Poll said. “We look forward to doing this again in the near future with other charitable organizations.”

Future Endeavors

Success is something that Kevin and Matt have definitely had to work for. The two have been adapting and modifying their business over more than a decade. This is to ensure it can include all who want to see if day trading is right for them.

Furthermore, one big way they’ve helped get day trading into the world is by offering the Trader Lite Trial. This trial costs just $10 and allows students to experience their program for up to 30 days.

Some have asked why the program isn’t just free. Well, the answer to that is the personal investment required to help students take the program more seriously. In addition, Matt and Kevin don’t make any money from the $10, as all of it is donated to a different charity each quarter.

Future charities will include Operation Underground Railroad, Global Giving, Feeding America and more!

Day Trading: How to Know when to Buy or Sell

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How are you supposed to know when to buy or sell?

The overall goal of Day Trading is to exploit small movements in individual assets. The first big step towards this goal is knowing what to buy and when to buy it.

Looking at the liquidity, volatility and Trading Volume of an asset will help you asses if a trade is both profitable and right for you. Below you will see descriptions of what these things are, and learn how they can lead you to success. 

The first thing on the list to look at is the Liquidity of the asset.

Liquidity is what will allow you to enter and exit the trade at a favorable price.

Two things to note when assessing Liquidity are Spread. Liquidity is the difference between bid and ask. Slippage is the difference between the expected price of a trade and the actual price at which the trade is executed. You want to look for a tight spread and a low slippage.

Volatility is The next thing you will want to take into consideration when looking what to buy and sell.

The volatility will help you know when to buy.  It gives information on the expected price range. When Day Trading, a larger range in price will mean greater volatility.  This will result in either greater profit or greater loss.

Don’t forget to look at the Trading volume.

The trading volume is what tells us how many times a certain stock has been bought and sold. Volume is measured over a specific amount of time.  

If the trading volume is high this means a stock has a lot of interest. An increase in volume it is usually a sign of a price jump. After looking for this dumb you can better asses your trade. 

In Conclusion
These three things will help you a lot as you begin to decide when to buy and sell. Knowing how to observe the Liquidity, Volatility and Trading Volume  will be a great help to you as you get started in the world of Day Trading. 
 

10 Tips for Day Trading Success: Part 2

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Welcome to DayTradeFeed.com’s 10 Tips for Day Trading Success: Part 2. Make sure you don’t miss out on the tips we discussed In 10 Tips for Day Trading Success: Part 1

Tip #6 Timing is Everything

The majority of orders are made in the market’s first thing in the morning.  This helps contribute to the market’s volatility which Day Traders thrive off of. With practice you may be able to see the market patters and pick the best times to make trades, but for beginners its better to wait a 20 minutes or so before making your first move.
During the middle of the day, the market is more stable, but towards the end of the day there is another volatile period before markets close. The volatility of early morning and late afternoon markets are tempting as they provide more opportunity, but we caution beginners to avoid them until more knowledgeable.

7. Use Limit Orders

Figure out your enter and exit strategies. You may use Market Orders which are fast and reliable, or Limit Orders that will give you more control over the execution price. I
If you choose to use a market order there will be no price guarantee as it is executed at the best price available at the time. Going the route of limit orders, however, will give a guarantee on the price but not necessarily the execution meaning the trade may not go through at all.

8. Patience is a Virtue

Whatever strategies you use, make sure you are patient and consistent. Your strategies may not work every single time but the average will lead to day trading success. It is not uncommon for professional Day Traders to win only 50% or 60% of their trades. Be sure that you are limiting your risk, and your methods very well outlined.

9. Keep your Cool

There will absolutely be times when the stock markets get at your nerves. To see success when day trading you have to trade without emotions. Don’t let things like hope, fear and greed influence your decisions. You will be most profitable in you make moves based on logic.

10. Keep on Keepin on

It is important to move fast if you want to be a Successful day trader. Moving fast, however, does not have to be stressful. You’ve now read the first 9 tips, and you understand what its going to take to be profitable. Get your strategy locked in. Practice patience and discipline. If you do these things, there will be no need for stress and anxiety.
Don’t forget he Day Trader’s mantra: “Plan your trade and trade your plan.”

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

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

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    .Mistake: No Specific Way to Replicate Results

    The Begging Trader’s Day Trading Indicators

    If you’ve been exposed to trading for less than two years, most still consider you a “begging trader.” Every trader has made their way through this awkward phase. It can almost be considered a right-of-passage.

    But while each trader has to go through it, each trader also has to overcome it.

    Success by Day Trading Indicators

    If you currently fall into this “begging” category, please understand that merely signing up to use trading software is not what will help you find success moving forward. Simply knowing basic indicators and how to buy and sell does not make you a professional trader. While this software can be a vital part of trading strategies, it should never make up the entire strategy on its own.

    What type of returns do you expect to see if you’re only using free indicators and trading tips? Instead, these resources are best used in addition to other resources that make up a trader’s personal strategy as a whole.

    Different Types of Day Trading Indicators

    As you begin your search to find the best set of trading indicators, you’ll likely find only a few reputable companies offering proficient systems compatible with modern, updated charting software. Some of these companies even customize their indicator software for individual customers.

    It’s important to remember that while this sounds like a perfect scenario, success can never be guaranteed. That being said, these companies can at least help you come closer to finding a way to replicate results.

    Free or “Lagging” Day Trading Indicators

    There are countless trading companies offering basic indicators that have been around for a long time. These include Moving Average, MACD, Bollinger Bands and Fibonacci Retracements.

    However, advanced traders consider these to be “lagging” indicators due to how easily it is to take advantage of traders who use them.

    Another issue with these “lagging” indicators is a slower response time to the signal. This is because many advanced, savvy traders have built upon them to create and innovate modern methods to stay ahead in the game.

    This can be frustrating for “begging traders,” but the truth is that even with custom-designed indicators, replication is still a distance off. Traders may see consistent success, but it’s near impossible to develop indicators that can replicate specific trades based on specific market conditions.

    The true success of a trading system can be measured and replicated only to the point that others are willing to test its validity.

    Fibonacci and Retracement Day Trading Indicators

    Fibonacci’s retracement principles are now common among traders. These principles have been rebranded often for sales, but the main function remains the same.

    Some of these attempts to rebrand include Pivot Point, Prediction Points, Sing Marks, Buy/Sell Levels, Trade Levels, etc. Watch out for these old and free techniques rebranded as modern when developing your own system.

    All warnings aside, Fibonacci’s tools can greatly benefit traders if used correctly and in addition to other resources.

    There are enough uneducated traders willing to “donate” their money to the market. Let them.

    Other Enticing, Potentially Destructive Trade Tools

    Some traders use trading announcements as the deciding factor on each trade. Making trades based on the assumed market reaction to currently unfolding events is likely the oldest trading strategy there is. However, it may also be the most dangerous.

    The issue with trading announcements is inconsistency and unpredictability. Many have witnessed announcements with similar context to past announcements, but significantly different results.

    Some of these announcements can be traded on their own (slam dunks). But remember that it can take years before a trader is experienced enough to differentiate between market reactions.

    Just like other tools, announcements can be beneficial when used in addition to their other indicators. Making trades based solely on these announcements can pay off, but the numbers are against anyone making the attempt.

    Trade Systems Based on Results

    It is perhaps most difficult to find a trading system based on actual results. You may find systems that work with announcements and others that work with indicators. The question to ask yourself is if they are making money.

    This question may be harder for you to answer than you realize. It is best to take testimonials with a grain of salt. There are some outlying trading companies that even claim to base their trades on the moon’s gravitational pull. Even these companies will have testimonials from “clients” who claim the system works for everyone.

    It is likely you’ll experience at least some success in each system you encounter. This success is common and hard to take with a grain of salt. But to truly avoid the scams, make sure to do your research. Give each system you experience the time and preparation necessary to determine actual credibility.

    Day Trade FEED’s Day Trading Indicators

    Here at Day Trade FEED, we use a specific set of indicators in our day trading system. After years of research and trial/error, we’ve incorporated Kevin Jones Day Trading Indicators into our trading system.

    Traders have been using these indicators for more than 20 years, and so far they’ve worked perfectly for us in our trading.

    If you’d like to learn more about Kevin Jones Day Trading Indicators or how they work in our trading system, contact us!

    This article is only part two in a series aimed at helping day traders understand what mistakes to avoid. Subscribe for future editions.