Day Trading Misconception #5 – What’s All That Buzzing Going – Indicators and Software Let’s go back to the trader at his all-important, overpopulated desk with more blinking lights than Time Square during Christmas. If you look closely all his … Continue reading →
Day Trading Misconception #6 – Research and News This is a touchy subject in day trading and most likely one of the most controversial aspects of trading, mainly in stocks. I won’t waste too much of your time on it … Continue reading →
Misconception of Day Trading #7 – Non-Stop Trading – Is There Such a Thing? When I first started day trading my image of a day trader went something like this: When I first started trading my image of a day … Continue reading →
Misconception of Day Trading BONUS – Trading is NOT Investing Day trading is NOT investing (I have to repeat this). One of the biggest confusions and misconceptions is that trading is like investing your money and watching it grow over … Continue reading →
Day Trading Misconceptions CONCLUSION If I knew even half of these myths were untrue before I started day trading I can’t even tell you the number of hours I spent focusing on the wrong things. And the should’ve’s I did … Continue reading →
Did you know there are 4 markets to trade? Whenever I say I day trade, they always ask – What Stocks do you recommend. But in reality, the actual stocks / equity part is only 25% of the markets. Do … Continue reading →
Futures and forex trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.
HYPOTHETICAL PERFORMANCE DISCLAIMER: HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN; IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION, HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK OF ACTUAL TRADING. FOR EXAMPLE, THE ABILITY TO WITHSTAND LOSSES OR TO ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS AND ALL WHICH CAN ADVERSELY AFFECT TRADING RESULTS.