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Archives for day trading

Here you will find archived content about day trading found throughout the website.

How to Avoid Day Trading Scams w/ Utah Entrepreneur Matthew Poll

October 12, 2020 by tradersolution

Matthew Poll on Identifying a
Day Trading Scam

“The primary thing I would look for in avoiding day trade scams is going to be around control. There’s this association that if you’re a day trader, somehow, that some scam’s going on. I found that’s completely not true.

If someone’s classifying themselves as a day trader, they’re the ones in control. It’s usually their own money. Or it’s their own retirement or some money that they raised or earned from something else. And so they are in it with their own funds. Where I start to see the most day trading scams is where the people don’t have control.

Furthermore, the trading scams happen when people are trying to take other people’s money, or they have a “fund” people are trading. Or they have some promised delivery system. You know, some thing they were trading that was making a bunch of money, and it really didn’t.

Then it ends up turning out to be a Ponzi scheme. Raising money from other people. And in return, they’re actually not even trading. They’re just living off of the money that people gave them and never actually went out and traded in the first place.

I hear stories, probably a couple each year, of people losing millions of dollars to these types of day trading scams. It’s a real thing. So control is a big piece.

If the money’s not in your bank account, it’s a lot harder to control what’s going on with it.”


How do I know if I’m currently involved in a day trading scam?

“So if you are already giving your money to someone else, you might be hearing this for the first time and going “am I a victim already?” And that’s a great question to ask yourself.

If you’re giving your money to someone else who’s classifying themselves as a day trader, they have a system and they’re supposedly trading it. I’m not saying there aren’t legitimate people that are out there doing this, but a lot are doing it in an illegal way.

You might ask some questions. I would look at the language that was used to enroll you and getting your money. And one of the words that I would look for is “guarantee.” If any type of day trader makes a promise that they can guarantee some future result. That is a enormous red flag to me. Because one, this is a highly regulated industry, and you just can’t do that. You can’t use words like “guarantees” in the day trading world where there’s risks. It just, it’s not possible. It’s not possible to have a guarantee in a world filled with non guarantees.

So it’s just it’s a paradox. Really, it’s like this is that reality, there are risks. So you can’t make guarantees. If they use that language, you’re you’re probably at a higher risk. They’re running some type of Ponzi scheme.

Other words or language that I would look for is disclaimers. If they didn’t hand you something that had disclaimers. If you didn’t see federal state disclaimers on stuff that you signed, or if they’re not registered. That’s a big red flag for me. Because, again, this is a very highly regulated industry. And if they’re not in compliance with those things, it’s like what else? What other rules are they breaking? What other things are they doing with your money that doesn’t fall into this? This is a regulated industry and so I would immediately see that as a sign like, hey, something could be going. I’m not saying it is, but could be going wrong here, and would be worth investigating.

Now, if you’re being approached at the moment, those are the type of questions I would ask. I think “you just made a guarantee, I know you’re not supposed to be doing that… what’s going on? Why am I not seeing any disclaimers? Also, why am I not seeing anything about how this is a highly high risk type of environment or you’re not giving me my federal and state disclosures? Why am I not seeing that?”

Those type of questions will very quickly percolate whatever nastiness or gross things that are actually lying underneath. That will start to kind of rise to that surface.”


What is the safest way to avoid day trading scams?

“The safest way to avoid scammers is to be responsible and the most responsible way to be interacting with day trading is to be doing it yourself.

Now, there are places or systems that people promise certain types of things. And immediately, that’s a red flag to me. You’re not going to get into day trading with a promise again, or a guarantee that you’re going to get some result. But ultimately, the lowest risk way. And the the highest way to get the result that you’re looking for is to do it yourself, get educated.

You know, it may seem like a long road, but the end result is way more worth it because handing it to someone else and your money to someone else with the possibility of it completely disappearing. And they never even traded in the first place. That’s a way higher risk and you learning how to do it with the risk of losing at something.

And so I would say take the path of learning how to learn how to do this on your own, learn how to day trade, and give yourself time. Give yourself at least a year, the same. I’m going to give myself a year to learn how to do this, because it’s not a get rich, quick thing either.

I mean, sure, there’s some people that trade like Vegas, and they get lucky. But ultimately, if you want to have the success of a successful day trader, it’s gonna take time, and you just got to go into it knowing “I’m competing with the world around this. And ultimately, I only have to be 51% better than everyone else, right?”

Which is grade school, that was an F, right? So it’s like, you do have those advantages. However, it’s like this. This is going to take some time and patience. And ultimately, the end of the day, it’s about your returns. It’s about your percentage returns not how much how many dollars do they take into my account? And if you could stick with that attitude, you could be a very successful day trader.”


About Matthew Poll

Matthew Poll is the Co-Founder of General Trader Fulfillment, a company designed to help provide tools and education for investing in the financial markets. Founded during the 2008 recession, GTF has grown to become a national company with over 30 brands and offices.

As an entrepreneur, Matt loves new projects and is a partner in multiple other business ventures nationwide specifically in the real estate, hospitality, and the food and beverage market. He is a father of two boys which drives his passion for education, specifically in the area of entrepreneurship for children. “Live to give” is one of his mottos and he specifically looks for organizations that have high impact in the local community when donating. Matt also gives back to his community by providing personal coaching to business owners and entrepreneurs.

Learn more about day trading and Utah Entrepreneur Matthew Poll at DayTradeForGood.com and/or MatthewPoll.com!

Filed Under: Day Trading Programs, Day Trading Results, DayTradeFEED Investigates, Education, Featured Story Tagged With: day trading, day trading scams, forex, futures, how to avoid day trading scams, Matt Poll, matt poll day trading, Matt Poll Scam, matt poll trading, matt poll utah, Matthew Poll, Matthew Poll Day Trading, Matthew Poll Scam, matthew poll trading, matthew poll utah, stock market

Have a Plan, Work Your Plan

April 9, 2020 by tradersolution

The following article posted to DayTradeFEED.com was written by guest-author Matthew Poll via MatthewPoll.com.

Having a plan is crucial. In addition, how and if you work it is imperative. A plan by itself does nothing. There are millions of books and videos with plans in them that people never apply or have actual results around. What do we do around the plans we have and how we work them.


How to Plan for Success

I have 40 partners. I constantly see nothing being done without a plan. In addition, it’s always necessary to continually refocus efforts toward working what’s already in place. Some get lost in the noise of activity and time-fillers. These distractions can leave us puzzled as to why we’re not getting the results we’re seeking.


Steps for Creating Your Plan

The above training includes multiple steps…

#1: Write down everything you need to do in the same place. Great time managers always keep a to do list handy for jotting down action items, work tasks, project activities and other ideas. If you always keep adding to this list, you’ll know what needs are to be prioritized.

#2: Review tasks and prioritize at the same time each day. This is going to require a good calendar. Furthermore, this can be done any time of the day!

#3: Look at your list of appointments for the day and determine which are most important. Plan what you need for the important appointments so that you will have everything ready BEFORE the appointment starts. Be sure to implement step #1 (see above).

#4: Schedule your plan efficiently…..

To learn more about these steps, watch the training above!


About Matthew Poll

Matthew Poll, AKA Matt Poll, is an entrepreneur, investor and life coach based out of Silicon Slopes in Lehi, Utah. Furthermore, he is the CEO of GTF Day Trading, a company which he helped co-found in September of 2008.

Filed Under: Day Trading Programs, DayTradeFEED Investigates, Education, Featured Story, Forex Tagged With: day trading, Matt Poll, matt poll day trading, Matt Poll Life Coach, Matt Poll Scam, matt poll trading, Matt Poll Trading School, Matthew Poll, Matthew Poll Day Trading, Matthew Poll Guest Post, matthew poll investing, Matthew Poll Life Coach, Matthew Poll Scam, matthew poll trading school, Utah

Everything Forex Trading Part I of II

July 31, 2019 by Kara Jones

The Foreign Exchange is also knows as currency trading, Forex, or simply FX. In Forex trading every currency worldwide is traded in a global market. With an average trading volume of $5 trillion per day, it is the most liquid and largest market. All stock markets combined don’t even come close to this number.

With such high volume of trading, you may find some great oportunities for yourself in the forex market.

A single USD on any given day could get you 1.1 CAD. The very next day this USD could get you 1.15 CAD. Small changes such can these might not seem like they’d make a difference, but when put on a large scale, the significance becomes apparent.

Lets use an example of a company who pays employees overseas. Imagine what currency exchange rate could do to the company’s bottom line. Lets say for example, they are exchanging one currency for another that is at a higher value. It would be beneficial for the company to make their trade on a day when the exchange rate is lower. If the company needed to exchange USD to CAD, using the example above, it would greatly benefit the company to make their exchange on the day where CAD is 1.1 rather than 1.15. Pennies will add up quick when on a large scale.

Like being a business owner or traveler, when trading forex, you will want to make trades with the knowledge of when exchange rates will change to receive a more favorable rate.


FOREIGN TRANSACTIONS

Foreign transactions in the market are similar to what you may have done if you’ve traveled abroad. A trip north across the border and you are converting USD into CAD. The exchange rate between the two currencies is based on supply and demand. This is what determines how many CAD you get for you USD and the rate of this exchange is constantly fluctuating.


OPPORTUNITIES IN FOREX: WHAT’S YOUR OPINION?

Like stocks, currencies are traded based on what is their assumed value and what direction that value is headed.

The big difference in forex vs stocks is that trading up is done as easily as trading down. Because the market is so large it is easy to find a buyer or seller for the currency you have your eye on. Based on what foreign news you hear, you can decide the value of certain currency and then buy or sell as you see fit.

If you hear news that will cause the CAD to lose value then you would sell your CAD against another currency. The more the CAD depreciates agains the currency you sell it against, the more profit you make. If the CAD begins to regain value then you begin to lose profit and should quickly get out of the trade.

Read more about how to buy and sell currency as well as information on trading on margin in Everything Forex Trading Part II…

Filed Under: Education, Forex, Uncategorized Tagged With: day trade feed, day trade forex, day trade from home, Day Trade My Money, day trading, day trading our money, daytradefeed.com, forex, forex factors, forex market, forex trading, how to make money day trading, make money day trading, make money from home, making money

Helpful Hints on Day Trading Gas-Related Stocks

July 29, 2019 by Kara Jones


Don’t Ignore Fundamental Analysis

Day Trading Gas related stocks will be much more profitable when you pay attention to fundemental analysis. Fundamental analysis is often left out of day trading, but this not always a good thing. Fundamental analysis is helpful in industries that affected by macro-level events.

Gas stocks is the perfect example of this. Because gas prices are a commodity, they are easily affected by numerous factors. Current events in gas-extracting areas will affect gas stock. The demand of a commodity by such as gas will also determine the price and stock.


In 2017 the US produced 20% of the total worldwide. The US is pretty stable and doesn’t cause much volatility in the market. Other big names in gas production, such as Iran and Russia.

Iran, for example, is under restraints of the newly re-instated US government sanctions. This will make it tough for Iran to take full advantage of its ability to produce.


Keep Up With Current Events

The rapid rate of events surrounding gas allows day traders to jump in and make money from the consistent changes in gas-extracting countries.

On April 22, Natural Gas Futures increased from $2.490 to $2.526. It was around this time that reports of US sections on Iran began. As evidence became more solid that sanctions would indeed be placed, the price of Gas Futures continued to increase. This price increase is created due to the lack of supply expected from Iran and an overall high demand.


The price of gas affects a variety of industries and companies. Revenue declines when companies have pay higher prices. So, gas futures will fluctuate in price as well as the price of certain company stock.


Value the Big Picture

It is so important to be aware of what is happening when day trading gas related stock. You should study the history at large and pay close attention to current events. It will be vey helpful to study and be familiar with the regions that export/import the highest amounts of gas. If you understand the background, it will be so much easier to read the market and know what developments are important.

Understanding the big picture will allow you to see trends to help you day trade gas related stock. Look at developments in importing/exporting countries the same way you would look at stock indexes and ETFs. This will help you understand how to get the most success from Gas-related Stocks.


Filed Under: Featured Story, Futures, Uncategorized Tagged With: day trade futures, day trading, day trading futures, day trading system, day trading utah, futures

Day Trading: How to Know when to Buy or Sell

July 25, 2019 by Kara Jones

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. 
 

Filed Under: Featured Story, Futures, Kevin Jones Indicators, Uncategorized Tagged With: day trade feed, day trade forex, day trade futures, day trading, day trading website, daytradefeed.com, futures

Watch for these Forex Day Trading Mistakes

July 23, 2019 by Kara Jones

Daytradefeed.com has put together 5 Forex Day Trading mistakes to watch for

Day Trading can be a very profitable business, but devastating losses are common if you don’t know what you are doing.

At Daytradefeed.com, we want you to make money day trading–not loose money. Watching for these 3 forex day trading mistakes will help you achieve success.


Averaging Down

Averaging down isn’t the ideal technique for day trading.

Lots of traders end up using the averaging down technique. Averaging down is not the ideal technique, but it can be easy to slip into.

The biggest issue is that when averaging down you are holding a losing position. This means you are possibly sacrificing time and money. Day Trading is such an ever moving process, that your money could be planted in a much better situation.

Another issue with Averaging down is that to you have to get a higher percentage on return to make up for any capital lost from the initial loss. For example, if you lose of our capital, you will have to get a return of 100% to break even. Maintaining these standards in unreasonable in the long run.

Averaging down will eventually end in a inevitably lead to a large loss. Market trends can remain in place longer than you can stay liquid. It is not worth taking the risk of Averaging Down.


Positioning Trades Too Early

Day Traders have to pay close attention to the news surrounding the market. Traders will become very familiar with what news will cause the market to move. It is impossible to know in advance however, exactly which direction the market will move.

 Volatility is a key factor for day traders, but which way will the market move? It is not wise to jump to conclusion before news is announced. It is not worth the risk.


After the News Hits 

News can hit the markets at any time. It seems like easy money to react and take advantage, but you must have a strategy! If not, results can be every bit as devastating as they would be if you traded before the breaking news.

Day Trading should take place after a trend has been defined. Being patient will lower your risk and increase your likelyhood of effective trading.


Risking too Much

More Than 1% of Capital on Forex Trades 

Big risk doesn’t always mean big return. Most traders who take big risks eventually lose big. It is a common rule that traders should only risk 1% of capitol for a single trade.

Limiting the risk percentage will help keep your portfolio on track. Sticking to the 1% rule will ensure that no single trade will break the purpose of this method is to make sure no single trade will break the budget.


Avoid being Unrealistic

It is good to work hard and set goals, however being unrealistic can lead to forex day trading mistakes. The unrealistic expectations we set for ourselves can be projected on the market. The best technique is to watch the market and see it for what it is.

The best way to see the market for what it is is to create a trading plan. Research trading plans and testing them is the best method for day trading success.


DayTradeFeed’s Method

If you are beginning to Day Trade, or if your current method is not yielding success, try us out. We’re here to help

Filed Under: Featured Story, Forex Tagged With: day trade feed, Day Trade My Money, day trading, day trading forex, daytradefeed.com, forex, forex factors, forex market, forex trading, trading forex

Day Trading: 3 Tips on Deciding When to Sell

May 31, 2019 by Kara Jones

Deciding when to sell is a key element to being profitable when Day Trading.

There are many ways for you to approach an exit and come out in a winning position. Four ways to do this is to use profit targets, daily pivots and momentum.


The most commonly used exit method is probably using profit targets. When using profit targets, you are exiting at a pre-set level.

There are strategies to help when choosing profit targets. Of these strategies, Scalping is the most used. When scalping you are selling right after the trade becomes profitable. The Profit target when scalping is whenever the trade begins to make you money.

Another strategy using profit targets is Fading. Fading is involving shorting stocks right after they begin to take an upward turn.

When using this technique, you are assuming three things. First you assume the assets overbought. You also must assume that those who bought early are ready to take their profits. Last, assume that those who are currently buying may be scared off the trade.

Fading is a risky strategy but can really pay off when successful. What you are watching for when implementing this selling strategy, is signs that the buyers are stepping back in. This will give you your price target.


Daily Pivots is our next usefully strategy when deciding when to sell. Daily pivots is benefiting from the asset’s volatility.

Profiting from Volatility is achieved by buying when the price is the lowest and selling when the price is at it’s highest point. You’re price target when using daily pivots is when you see a reversal begin.


Using Momentum of a trade can be very beneficial for traders. This involves research. Knowing which trades will be trending and popular puts traders ahead. Reading news articles and staying up to day on current events will help you know which way the market is moving and allow you to strategize successful trades.

One way to trade using Momentum is to buy based on news releases and then sell when the trend turns. There is also another popular way to trade using momentum. This is to fade a price surge. When fading a price surge your price target is when the volume of the asset begins to lower.


Defining a strategy when deciding when to sell is important. Your strategy should be repeatable and tested. This will lead to success when Day Trading.

Filed Under: Forex, Uncategorized Tagged With: day trade academy, day trade bitcoin, day trade forex, day trade futures, Day Trade My Money, day trading, day trading futures, daytradefeed.com, sell bitcoin, trade daily, trade from home, tradingschools.org

10 Tips for Day Trading Success: Part 2

May 15, 2019 by Kara Jones

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.”

Filed Under: Featured Story, Forex, Kevin Jones Indicators, Uncategorized Tagged With: day trade, day trade feed, day trade forex, day trade from home, day trade terminology, day trading, Day Trading Education, daytradefeed.com, forex, forex trading

10 Tips for Day Trading Success: Part 1

April 7, 2019 by Kara Jones

10 Tips for Day Trading Success: Part 1

When Day trading, you are buying and selling stocks very quickly. Most stocks will be traded one or more times during a single day. Looking for small changes and taking advantage of these changes can be a very rewarding, but it must be done correctly. Stick with these 10 tips and you’ll be on your way to Day Trading success.

However while there is good opportunity to make money Day Trading, it can also be vey challenging and end in a loss for those who are un educated in the strategies involved. It takes a certain skill set that not everyone is cut out for.

Using a broker is an option, but make sure you are still educated, since not all brokers are set up to do this type of quick and time consuming trading. Below are some very helpful strategies to have in your arsenal. Use these tips to keep your portfolio on track and better understand this risky but rewarding process.

Day Trading Tip #1 Know Your Stuff

As a day trader it is not enough to simply have a general knowledge of trading. To be successful day trading you need to be up to date on stock market news and current events that will cause changes in the stock market. It will be very valuable to you You will be ahead of the game if you are well informed about any changes or foreseen changes in the US economy as well as foreign economies.
Pay attention and spend some time with research if you want to be successful. A good strategy would be to make a list of stocks you may want to trade so that you might be able to pay close attention to changes in these market. Read or Listen to the news. Maybe consider joining twitter.

Day Trading Tip #2: Give Yourself a Cushion

Having a cushion of funds will let you fill confident as you make trades. Knowing what you are willing to risk will help you be more successful. A good range of risk for Day trading is around 1%. Lets use a .5% risk in an example:
Let’s say the trading account has $40,000. If we decide to risk .5% on an individual trade with a $40,000 account, then our maximum loss for this trade would be $200 (0.005 x $40,000).
When trading you have to set aside money and be aware it is a risk. You don’t have to be happy losing money on a trade, but must know it is a possibility. Having money set aside to trade will help you be comfortable and successful.

Day Trading Tip #3: Give it the Time it Deserves

Don’t move forward with Day Trading unless you are willing to devote some serious time. Most of your day will be involved with watching the markets and making trades. It is not something to do during your lunch breaks. To be successful you need to move quickly on trades is a major strategy. Also, as we discussed earlier, market research is so important and can be time consuming in its own right.

Day Trading Tip #4: Baby Steps

If you are just getting started with Day Trading, it is wise to not spread yourself too thin. Try focusing on one or two stock per session until you get the hang of it. This will allow you to really learn and analyze what is going on.

5. Less isn’t Always More

It’s not a bad idea to look for low stock prices and deals, but we don’t suggest using penny stocks. The low risk does not outlay the low chance of making large profits. Penny stocks are often times illiquid as well which is not ideal when day trading.


Stay tuned! 10 Day Trading Tips: Part 2 will out next week. contact us at daytradefeed.com with any questions on tips 1-5.

Filed Under: Featured Story, Futures Tagged With: day trade feed, Day Trade My Money, day traders, day trading, day trading success, day trading tips, financial freedom, how do i day trade, making money, what is day trading

How Much Money Can I Earn Day Trading?

April 2, 2019 by Kara Jones

HOW CAN I MAKE MONEY DAY TRADING?

How much money can you make day trading? Great question.

Day traders are not required to disclose their trading results to anyone but the IRS and because of this it is tricky to come up with an average of how much you can make. There are many strategies in trading. This, along with how much capitol traders are working with, must be taken into account.

In their 2011 research paper “The Behavior of Individual Investors,” Professors Brad M. Barner and Terrance Odean at University of California, Berkeley discuss how those who traded without diversified portfolios usually saw an average loss of money. There are also fees with transactions, so it is really important to have that proper education before attempting to make money during day trading.


HOW CAN I MAKE MORE THAN I LOSE?

The best way to assure that you are making money day trading and not losing money is to set stop/loss points as well as profit taking points. It’s important to not make too much of a gamble for an individual trade. The goal is to never allow one bad trade to ruin out your account.

Many full time day traders suggest that to make money day trading you should not risk more that 1% per trade.

Therefore, if you are looking at an account with $30,000 in it, the most you should be risking on a single trade would be $300. Using this 1% strategy will lessen your losses. This takes practice and discipline and will help you to make more money day trading.


A QUICK EXAMPLE

Let’s expound on the above example to see what setting stop/loss points looks like.

If we stick with a $30,000 account,  We are able to risk a maximum of $300 for a single trade. Let’s say the stop/loss is $0.04 and if the share price below $16 ($120,000 buying power/7,500 shares).  With this, we can take 7,500 ($300/$0.04) shares per trade to and stay within our $300 allowed.

Keep in mind this does not include Broker commissions.


FINAL THOUGHTS ON MAKING MONEY DAY TRADING

It would be wise to first ask yourself what you want from Day Trading. What kind of time are you willing to put in?
Using a Broker is a wise route if you and unexperienced, but they do take a commission which will cut into your net profit.  They are a more secure route, but even with a broker we don’t suggest looking at day trading like a hobby.
Day trading takes some serious discipline and training. The strategies are not 100% and there is always a risk. There is no guarantee that you will make money day trading or be able to predict your average rate of return over any period of time.
There are, however, some solid strategies. Mastering these will help you make that extra money you’ve been dreaming of. Contact us at DayTradeFeed If you are ready to commit to learning the strategies that can lead to success in making money day trading. Our personal Coaches can answer whatever questions  you may have.

Filed Under: Day Trading Results, Featured Story Tagged With: bear markets, can i day trade, day trade bitcoin, day trade feed, day trade forex, day trading, Day Trading Education, day trading results, day trading system, day trading teacher, day trading website, daytradefeed.com, forex, futures, make money day trading

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