Is Day Trading a Viable Option?
Of course it is! In fact, day trading is a lot simpler than one might think. Once broken down into its key components it’s a cinch!. Historically trading has been made out to be something only mathematical genius’ can do. Its been suggested that there is an extremely high barrier to entry because of capital requirements etc. Both of which, in 2017, are NOT TRUE! With discount brokerages offering round trip trading commissions as low at $9.95 and capital requirements being as low as $500 in some cases the barrier to entry is extremely low…as in ANYONE can open an account and start to trade. With it being so easy to trade the capital markets we are now seeing record numbers of “would be” retail traders hit the street trying to trade, seeking out their fortune. It’s that very level ease of entry that leads to 90% of people getting burned in the market. Most of the time the majority “take a crack” at trading and fail gloriously! It’s not because they’re not capable of being successful, it’s simply due to the fact that they are leaving out key components that lead to success. It’s those key components that separate winning traders from losing traders!
In the past I have written about the importance of having a strategy. I’ve touched on the topic numerous times. Having a viable trading strategy and an understanding of pattern recognition is the absolute difference between succeeding and failing. Needing a strategy to compete in the markets is a non-negotiable. Now, Back to the title of this blog: “Is trading a viable option?”… the answer is 100%, absolutely yes! As I mentioned a moment ago there are key components to trading, they offer us a path to success. I have developed a FREE 7 step video guide (click the link to sign up) for you to follow to get you on the road to consistency. You’ll see that trading is all about a specific focus. It’s about doing 1 or 2 things repeatedly very well that will lead to you becoming a successful trader. With respects to day trading, and you’ll see this in the FREE 7 step video guide, there is a process that one must go through daily.
"My goal as a Day Trader is to find trending stocks that are in play intraday and put on a position based on a high probability set-up."