When I started my own day trading journey, years ago, I was alone. I don’t want anyone else to feel that way, or to struggle the way I did.
This site came about because I wanted to create a space on the Internet where beginners in day trading could come together as a community. You don’t have to be alone like I was.
Starting out in day trading can be challenging. There’s so much that you don’t know and the risks can be terrifying. But it doesn't have to be so...
Why would anyone want to become a day trader?
There are plenty of reasons you might be motivated to jump in with both feet, the question is how to get started. Here are a few reasons people want to start day trading:
- To leave their soul-sucking jobs
- To increase income on the side
- To create the lifestyle they’ve always dreamed of
- To start making money for themselves instead of for others
- To travel and enjoy life outside the constraints of a 9-5
Over 20 years ago, I was living in NYC and it was the perfect time to learn about the financial markets. The energy of Wall Street and the constant seminars made it simple to dip your feet in. However, those seminars were really promos for the real courses, which cost anything from $5,000 to $25,000! That’s a lot of money to put out before you even start trading with your own account.
The prices were out of reach for me back then. So I had to go a different route.
It made sense to connect with others like me . . . but no one wanted to spend their valuable time on a newbie.
I knew that I’d need to find a trading course to learn the ropes. After all the self-education I’d worked on, it was obvious that I wasn’t going to become a successful trader on my own. What I didn’t realize then was that there are so many scams out there, it’s tough to sift through and find the good stuff.
If you go full time with day trading, it’s essential to really narrow your scope. It’s nothing like investing where you can play with different positions, funds and markets. Diversification is your enemy when you’re day trading.
To become a successful day trader, you need to choose one market and stick with it.
After months of attending every webinar and seminar online, as well as joining every online course that didn’t break the bank, I finally decided to focus on Futures (ES Mini - Commodities).
Day trading courses are not cheap, but they are essential if you want to become successful. You need a good teacher and I decided that this time, I was ready to shell out the dough for the knowledge I needed.
It worked. I loved my course and I loved Futures. With the right instructor, I was able to gain the confidence I needed to take off in day trading.
But there was still something missing. A true community for day traders. A place where I could be with like-minded people who were dealing with the same issues I was. There was nothing exactly like I needed, so I built my own community. And The Trader Chick was born.
Welcome. I look forward to you joining my community and having fun together.
The Trader Chick is part of MKB5 Enterprises LLC
The following statement is furnished pursuant to Commodity Futures Trading Commission (“CFTC”) Regulation 1.55(c).This brief statement does not disclose all of the risks and other significant aspects of trading in futures, forex and options. In light of the risks, you should undertake such transactions only if you understand the nature of the contracts (and contractual relationships) into which you are entering and the extent of your exposure to risk. Trading in futures, forex and options is not suitable for many members of the public. You should carefully consider whether trading is appropriate for you in light of your experience, objectives, financial resources and other relevant circumstances.
The risk of loss in trading commodity futures contracts and foreign currency can be substantial. You should, therefore, carefully consider whether such trading is suitable for you in light of your circumstances and financial resources. You should be aware of the following points:
THIS BRIEF STATEMENT CANNOT, OF COURSE, DISCLOSE ALL THE RISKS AND OTHER ASPECTS OF THE COMMODITY AND FOREIGN CURRENCY MARKETS.