HOW MUCH CAN YOU MAKE DAY-TRADING? €1800,= EXAMPLE The trick is not to chase the market but to wait for the opportunity to arise. (Alas, I was on a visa-run and could not capitalize on it). LEARN HOW TO TRADE - Zen-Trading Academy Technical Left chart AEX Daily: Around 420 resistance former top Hanging man reversal pattern appears, later forms the head of an Head&Shoulder reversal pattern with a neck-line @ 416. The waiting is for the neck line to be broken and taken out by a significant price move (and other confirming information that will be disclosed in The Master Trader Education Program, Tao of Trading) Technical Right chart AEX Hourly: On 2 Oct a price gap opening (many sell orders before opening market). Coincided with breaking of the neck line signaling selling pressure ahead. In the morning the buyers fought back and brought the price right to the edge of the gap and neck line. That was the place to enter the market for a (very)low-risk/high-reward trade ( Zen-trading textbook example, this kind off set-up is actually used as an example in The Master Trader Education Program, Tao of Trading). The ensuing selling pressure brought the price down to the price target around 406 and almost end of the day ( Day traders close positions on the end of the day. They do not go overnight. However, I teach people to go overnight as well because in certain market states this strategy brings great rewards). I can teach almost anybody to trade and, mind this, to be successful. Trading doesnt come naturally, or get better with experience. Actually the more experienced one gets the harder trading (winning) gets. That is because of the psychological nature of trading. There is 200.000 years of evolution going against you and the thing is you dont have a clue about it. Get educated, start trading, start living the dream! Tony Kite-Nomad
Posted on: Sun, 05 Oct 2014 07:20:14 +0000
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