Day Trading Instruction - The Pre-requisite for Trading Stocks
You can begin your day trading instruction, free of charge, right from this site. I've assembled this instruction around the theme of a game. If you're a newbie day trader, wanting to know how to get started, then this site will walk you through some of the essentials. Bringing a game mentality to your day trading instruction will help you focus on strategy, knowledge, and execution - instead of making a quick dollar. In the long run, this will be much better for you.
The stock market became an open game for any player with a little bit of cash only recently. Now, anyone with an account and a computer can trade online, whether they've had any day trading instruction or not. It's amazing when you think about it. You are managing thousands of dollars of your hard earned money. And yet, many newbie day traders get started without even mastering the basics. Then they loose money and throw up their arms because it's not as easy as it looks.
Since every newbie trader comes to this site with a mixed bag of knowledge and experience, I can't really say where you need to begin. But, you can click on the tabs to the left of this text in descending order. This will take you through some basic day trading instruction. There are links to other pages and resources within those topic pages.
As this site continues to be built, I'll be adding more material. Plus, I update my blog several times per week and you can view actual trades for your study and review. After you've gotten some of the day trading basics under your belt, you can dig a little deeper. I'd suggest starting with a book I wrote called "The Basic Principle for Trading Stocks". The download is pretty cheap and it will give you a visual tool for trading, plus plenty of color charts to explain the ideas. From there you can start looking at various day trading strategies. The key morning strategy that I use is called gap downs. And, yes, I wrote a book about that one too. (If you're interested, you can see both books by clicking the footer at the bottom of this page.)
There is plenty of information on this site to help you get started trading stocks. But, I don't go into charting and understanding the technical indicators on this site. But, I strongly believe that the indicator tools are indispensable for the day trader. So, whether you get that knowledge from me or someone else, don't bypass this importance of the technical indicators for your trading success. You can drive an automobile without being able to read the highway signs, but you'll be a better and safer driver once you know what they mean.
There are plenty of vendors who will offer you day trading instruction. The danger is that the newbie day trader can become overwhelmed. Nothing replaces the actual trading of stocks, once you're mastered the basics. But, start small and begin with a limited amount of your available equity. And don't try to master too many strategies at once. Someone may offer "99 ways to trade stocks". But, give me a break, you cannot master that many strategies - nor do you need to. So, narrow your focus. Get really good at a few profitable strategies. Then, slowly, expand your playbook.
Occassionally, I will offer day trading instruction via webinars and teleconferences. So, once I get the mailing list set up, be sure you sign up so you can receive more day trading instruction.
One last thing...beware of the hype. Some teachers show your their great winning plays and don't tell you about their failures. Every trader screws up. Even with a great trading strategy, every play is not going to be a winner. So, be patient with yourself. Follow the instruction of someone you trust. And then practice your trading until you're ready to use real money.
Getting good day trading instruction will pay off for you down the road. So, let your first investment be in your own knoweldge of how to trade. You can look at it as in investment in your trading business. You wouldn't open a new business without finding out everything you could about how to run that business. So, do the same with the business of trading.
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Day trading blogs are another avenue for receiving free day trading instruction from others. Click here to go that page now.