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Before you can begin trading with confidence, and actually give yourself a chance to succeed, you need to start with the basics, and that means learning what the market really is, why stocks move, who controls them, and what your role as a small-trader will be. The market is simply a game of supply & demand. When you fully understand this, everything else begins to "click"! The videos below break-down these simple basics, that will be the foundation of your trading-journey. Every part of my daily-process, every trading-decision, and every profit I make STARTS with the foundation of understanding these videos will give you.
LEARN THE GAME BEFORE YOU PLAY IT!
"Follow the money"! As a trader, this is where my job starts. No bias, no opinions, no predictions. My job is to put myself in the BEST position to enter a strong move, with the odds of success stacked in my favor. I dont' care about the stock, I don't care about the sector, I care about taking a trade where the BIG BOYS are, putting the wind at my back. Download this PDF, and read it a few times to further-reinforce this
HOW MUCH CAPITAL
DO I NEED TO START?
One of the biggest misconceptions among new traders is that you need thousands-and-thousands of dollars of capital to get started. This couldn't be any further from the truth. To make great money trading (especially options), a huge account isn't needed. For example, in the past 6 weeks I have turned a $2,500 account into over almost $11,000. That's almost a 340% return on capital in a little over a month. This morning, I made $500. Last week, $1,900+. I am making GREAT money, trading a small account using very-limited buying-power. You DO NOT need a big account!
Here's what you need: a TRUE understanding of how the market works, the proper daily-approach, crazy discipline, a never-ending desire to improve daily, and most importantly....TIME & EXPERIENCE!! This isn't something you can rush, and the reality is, reaching the point where you are profiting consistently takes harder work than many of you could imagine. Putting yourself into some pursuit of starting with a huge bank-roll is useless, and as a new trader, you simply don't need a bunch of capital.
As a new trader, your focus should never be on making money initially. Dedicate yourself to learning the basics, building the proper foundation, and improving the slightest-bit day after day. Focus on the process, and the profits will eventually come. Trading is a journey, that's going to require serious hard work and discipline. Don't kid yourself into thinking this game is easy....However, for those of you willing to make the sacrifices and focus on what's most important early-on, boy....is it worth it..
The most-common question I seem to get from new traders is "which platform do you use? Which should I use?" Different brokers support different countries/continents, so you'll have to do some research to see which are available depending on where you live. You can use the link below to search for brokers by country:
By far, my favorite brokers/platforms are TradeStation, and Think or Swim by TD Ameritrade. Why? I started using TradeStation over 10 years ago, and I believe Think or Swim is also a great, easy-to-understand platform for new traders. Either-or, you'll have everything you'll need. Click the links below to check them out:
If you're looking to drastically shorten you learning-curve, I can't suggest joining our private group enough. For only $10/month, the value is unmatched, giving you full access to our entire private video-library, trading-tools, educational materials, private chatroom, and our private morning Trade Prep live streams. $2.50 per week is the price of a cup of coffee....if you're serious about learning the game, the right way, this is where you need to be...