If you're new to day trading, then you might have a question such as "What does a day trade look like?" Here's a short video of one of the "high probability longs" I posted in the chat room on 12-27.2016:
I'll answer a few questions about chat rooms in general and my chat room in particular. But the top block on this page will focus on results. I posted a video of the trade set up results for the week of August 22 - 26, 2016. (Click here if you haven't seen that video.)
Here are more results of the Trade Set Ups:
Note: the purpose of this list is to illustrate the probabilities of trade results in the chat room. They are not guarantees of future trade results. And, no, I don't continually update this list.
Week of 10/3 - 10/7:
Week of 9/26 - 9/30:
Week of 9/19 - 9/23:
Week of 9/12 - 9/16:
Week of 9/5 - 9/6:
Week of 8/29 - 9/2:
Questions and Answers:
Q: How much equity do I need in order to day trade?
A: U.S. brokers require $25,000 of equity for pattern day traders. A chat room member who wants to place multiple trades per day needs at least this much equity.
Q: I just started learning how to trade. Is this the room for me?
A: Probably not. Members of my chat room are experienced traders and the purpose of this chat room is not to teach you the basics of trading. Other chat rooms are better for that. That said, members can learn a lot about the discipline of trading, technical analysis, trade management, etc. by participating in my chat room.
Q: Do you show live charts?
A: Yes. For the purpose of teaching technical analysis, I share my live charts with members. This is not a substitute for members using their own charts and platforms. Members can actually copy my chart set ups if they so desire.
Q: I love to trade but I am struggling to make a profit. How can a chat room help me?
Traders like day trading because it's exciting and offers the possibility of daily profit. But it's not as easy as a lot of web sites proclaim. A good chat room provides a helpful environment among members as well as a strong history of high probability trade set ups. The encouragement, trade ideas, and shared wisdom of the community can help traders foster good trade management skills.
Q: I see that your trading is not perfect. Your trade history shows losers and winners. Any comments about that?
A: Sure. In my chat room, I use technical analysis to map out high probability trade set ups. After leading day trading chat rooms for over seven years, I'm pretty good but I'm not perfect. The problem with many traders is that they cannot accept their losing trades. They hate to lose money, so they tend to hang onto their losing trades and cut their winning trades too soon. It takes time and discipline to get over that problem. But the first step is learning how to exit a losing trade. As part of my live technical analysis, I provide warnings about trade set ups that have changed since the trade set up first materialized. A disciplined trader can minimize their losses by staying nimble on the ones that don't work out. But, yes, there is no such thing as perfection in trading. Some trades are simply not going to work out. The key is to take the loss, move on, and play the law of probabilities...as long as you have a winning strategy.
Need more historical data? Click Here.
Ready to sign up for Bob Joiner's Chat Room? Click Here.