I am looking for a possitive advice with stock day trading relating to investools or just day trading(stocks)?
I don't hear any feedback from people who made a true commitment with Investools. and how sucessfuly it worked. I only hear negative, but how about possitive or realistic. I am very interested to know from some who is a sucessful stock trader: How sucessful were you with investools, what has worked, will it be a good program for day traders, is it worth the money, what else is there that is better? Any other advice? Thanks!
There is no magic tool, you will have to find the answers yourself or you will never be a professional trader. Experience matters. You need to figure out the basics for yourself– don't fight strong trends, protect your capital, ride your winners, learn to spot trends, set stops, set specific goals for each trade, learn how to use leverage, learn to make money in every market, take breaks. You will fail. You will lose money. Some learn from this, some keep doing the same stupid things, some give up. If you want to be rich, you get up, ignore the pain, figure out where you made mistakes, and don't make them again. Moreover, after many years you may create the perfect trading strategy that on paper will make you rich every time, but executing it in real life is a different story. Psychology, emotions, it is your worst enemy. I was up 1200% in four months earlier this year, then my Dad got really sick and my dog died. I thought I could keep trading, but I was not nearly up to it, and wound up losing all of my profits from those four months in three weeks. It was actually a cheap lesson that I should have learned before. I won't make that mistake again. Don't look for tips or advise from others, because you can't be fixed, you have to be flexible and adapt to the market. No matter what happens you should be confident that you can start with a stake and turn it into real money in a couple of weeks; you need that kind of confidence and determination… that is more important than any software.
http://www.rockwelltrading.com – Here’s a simple breakout day trading strategy that you can use for your day trading – by Markus Heitkoetter, CEO of Rockwell Trading
Examples of applying the ABCD pattern on the 5min chart of the GBP/JPY pair throughout the trading day (non-news).
1st in a series of videos outlining the basics of Day Trading, Showing how an average joe can open an account with 5-20k and make $500-$1000 a day trading the market. Will show you how i do it, and answer any questions you have. Each day.
How to make money in US stock trade using Fibonacci System.
Learn how to trade from start to finish. Everything is covered right from understanding market terms through to taking your first trade