Day Trading Article

I

ironchef

I found this writeup on day trading. I don't know the fellow and have no horse in this race (I don't day trade stocks). I am sure he over simplified it but, non the less, good common sense for those new to day trading:

https://www.benzinga.com/general/ed...his-day-trader-had-his-best-year-ever-in-2016

Four main points:

1. Recognize your limitations
2. Risk management
3. Know what type of stock you trade
4. Keep it simple

His comments and experience are consistent with what some of you said.

Cheers.
 
$222k for a guy running one of the biggest trading education companies is very, very impressive. His dollar/hour wage was certainly boatloads better then "education" -- but "Multiple Streams Of Income" is a smart life tenet.
 
ironchef said:
I found this writeup on day trading. I don't know the fellow and have no horse in this race (I don't day trade stocks). I am sure he over simplified it but, non the less, good common sense for those new to day trading:

https://www.benzinga.com/general/ed...his-day-trader-had-his-best-year-ever-in-2016

Four main points:

1. Recognize your limitations
2. Risk management
3. Know what type of stock you trade
4. Keep it simple

His comments and experience are consistent with what some of you said.

Cheers.
More...
$222,000 was his BEST YEAR EVER and people pay that guy?!
SMH. Suckers born every minute.
 
If I'm pulling $220k a year from the market, turning a quick buck on a book deal doesn't even hit my radar (well, maybe a novel I enjoy).
 
All you need do is look at the cut of the people that are on the website as "head coaches"!

They could at least have shaved and wore some expensive looking clothes..no person with money is going to give any of it to someone who looks like a tramp!!

A good marketeer knows what people will fall for..this chap is not really that good at all.
 
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