Learn To Trade Stocks and Options

The Dirty Dog Pattern for Traders (unavoidable…)

Unfortunately, the stock market (or any financial market for that matter) does not offer guarantees to day traders, swing traders or investors. While there are many technical patterns that traders use to build trade plans around, sometimes the pattern you’re actually dealing with is The Dirty Dog Pattern! Due to the nature of “no guarantees”, this technical patterns are unavoidable and all of us will stumble upon them from time to time. I should note, if you are continually stumbling across The Dirty Dog Pattern, then that would be a sign something is broken with your strategy (or you do not have an actual strategy at all). Even if you do have a valid trading strategy, the quicker you understand there is no avoiding this pattern, the quicker you will stay grounded in reality. Too often (especially with beginners) traders will get bit by a dirty dog leading them to question their strategy and rules. This is the exact opposite of where your mind should lead you. Again, if you are constantly getting bit, that’s a different story, but assuming you’re only being bit here and there, then stick with it! You nor your strategy will be perfect. A big reason perfection for us as traders and investors does not exist is due to the dirty dogs prowling around the streets of the market. Let me show you an example of The Dirty Dog Pattern and why it’s unavoidable and very frustrating. Learn to live with it and just keep on grinding in your trading journey!

Day Trading for Beginners | Win Rates Explained

One of the most common misunderstandings with beginner day traders (been coaching traders since 2013) I see is in regards to the “win rate” of a strategy. To be fair to these new day traders who are just getting started, it’s a totally logical thought to have. You are being a rational person to believe win rates are a vital part of any day trading strategy or system. In all actuality though, this is not true and why the idea of “win rates” needs to be explained. Win rates are important, but, they are not nearly as important as many beginner traders think. When you are learning how to trade and build a day trading strategy that works for you and gives you consistent results, one of the first things you need to do is set the win rate component on the back burner. While I love your competitive attitude and desire in “wanting to win”, this normally worthwhile attitude can cause a whole lot of pain within the world of day trading online.  There are some other (way more) critical areas of learning how to trade that must be mastered before you put any focus on trying to increase how often you win in a trade and make money. Let me show you some real life results where I use my own personal day trades that were captured, live, on video. This way you know you are not being preached to “in theory”, but rather, with real life results. 

What is a “Gap-and-Trap”? (Trading 101)

As a beginner, ever seen another trader refer to a trading situation as a “gap-and-trap” but have no idea what they’re talking about? You’re not alone! I remember when I was just getting started as a day trader in the stock market not having any understanding of what was being referred to! The good news is, the concept of a “gap-and-trap” is very straightforward. I will show you what a gap is using a few real life examples and then do a bit of clarifying in regards to what is meant by “trap”. If you want to survive as a day trader (or swing trader) then you need to be aware of this potential situation you could put yourself in. If everyone is being honest, I think the vast majority of traders can relate to being part of a gap-and-trap at least once in their trading journey. This is a very basic Trading 101 concept, but once understood, it can be a great motivator for discipline and continuing to develop systems that allow you to follow rules and protect your trading capital. Let me show you what I mean!

What Kind of Stop Loss Should You Use?

First off, if you are watching this video (or considering), then you are so far beyond most traders it is crazy…meant as a compliment! Most beginner day traders have no idea what a stop loss is. When I was getting started in the stock market as a day trader, I was solely focused on being a great winner and figuring out how much money I could make! To be fair to myself (and you if you are doing the same), winning and making money is the exciting part! It’s why we want to become day traders in the first place! No one is deciding to get into day trading to lose money! In fact, it would make you an irrational person if you said you wanted to get involved into day trading so you can lose your hard earned money. Um, what? haha! This is why becoming consistent as a day trader is so challenging. The truth is, we should be focused first and foremost on losing and controlling/managing our risk. This is why you choosing to learn more about a “stop loss” is a huge step in the right direction within your trading journey. Trade management is probably one of the more boring concepts to learn about; however, it’s the one that will allow you to survive and, ultimately, thrive as a day trader. There are a couple different approaches to stop losses and which can/should be used, so this is what I want to share with you in this video! Let’s get to it!

My (unique) Review of Andrew Tate’s Hustlers University

Have you heard of Andrew Tate? He’s been all over the internet lately and he offers a training program, Hustler University. I wanted to give you a review of the training program and whether or not their is value in it. I know many others have already made review videos about it; however, as far as I have seen, I am making this review in a unique way. Given I am the person who Andrew Tate’s students are reaching out to, I  can give you the perspective of “are they catching my eye and getting my business with their sale’s pitch they’ve learned?”. I will give credit where credit is due. Andrew Tate is a brilliant marketer and absolutely understands how to get people to by his training program. I can say nothing negative about his own ability to market himself and create sales. HOWEVER, this creates a huge problem for the people who invest into his program. What is this problem? Would I recommend you purchase Hustler University? I talk about that and give my, unique, perspective as to the reasoning behind my thoughts and claims. If you are someone who is considering purchasing Andrew Tate’s Hustler University, then I’d highly recommend you take a few moments to consider my viewpoint and what I have to say. Let’s go!

Master These 4 Technical Charts Using This Broker

When you are a beginner day trader and just getting started, it’s a good idea to have some milestones that you can strive for. When you master each milestone, you are putting yourself closer and closer to establishing a solid foundation as a day trader. When I was a new trader almost two decades ago, I wish someone would have given me a milestone or two to strive for, so that’s what I want to do with this video. In my opinion, there are four technical charts that need to be mastered. There’s also a solid broker (freely) available to give you a platform in order to make mastering these charts as straight forward as possible. Let me be clear though, just because you master these four technical charts does not mean you will automatically and easily make money. No one can make that claim. The claim I am making though is you will be positioning yourself in a great spot to find and build trade plans. If you can’t build rational trade plans as a trader, then you won’t last very long. In order to structure the most logical trade plans, these four technical charts can come in handy for all of us as day traders. Get signed up for the broker I talk about, access their awesome platform, and start your learning!

Addictive Spending or a New Bull Market?

Micheal Burry (from the movie, The Big Short) has made another claim about the American consumer, specifically, they’re addicted to spending. His overall theory though is the markets are still Bearish and an immense amount of caution needs to be deployed. On the other hand, the stock market has been essentially going straight up over the past few weeks. Does this mean we’re in a new bull market? The NASDAQ has just emerged out of Bear Market territory along with the other markets continuing to grind higher. Is the worse behind us? I want to share some thoughts (which are all backed up with market data) about what seems to be occurring in the present market atmosphere. Is the American consumer strong? Or, is all this spending coming from addiction? Are we in a whole new bull market? Let’s look at the real world data and apply a bit of logic to position ourselves in the most rational place possible.

What is a DIRECT ACCESS Online Broker?

There are many tools available for us as day traders and swing traders. In fact, the amount of tools in existence can cause the feeling of being overwhelmed in a hurry! Let’s step into the world of trading brokers and online platforms. Have you heard of a direct access broker? These are special types of brokers that need to be used within the context of certain trading styles and strategies. If you are a beginner and already have heard of a direct access broker, but never seen one in action, this will be a video for you. Direct access brokers are not free. You’ll need to pay minimal amounts of fees and commission. Given the amount of free brokers on the market, it may sound crazy to choose to pay for a broker; however, this video will show you just how powerful a direct access broker is and why, for you, it may be worth paying for. If you care about speed and want to be able to operate in a quick and efficient manner, you should be considering using this type of tool. Let me show you a direct access broker in action so you can see the flexibility and speed they allow for!

Side Hustle Idea: Become a Day Trader?

Job Crisis? No… It’s Even Worse!

We continue to hear in the financial and main stream media headlines the job/labor market is strong, to which I would agree. As far as there being a “job crisis”, there is not one. Everywhere you look people are trying to hire and there seems to be more job openings than there are people available to fill them. Looking at these economic indicators at face value then it would be correct to claim there is no job crisis. When you look beyond the face value however, there is an even worse crisis occurring. I have been trying to point this out for the past few months; but, credit where credit is due. I came across an article where the author gives us a phrase which perfectly summarizes what I have been trying to say. There is no doubt about it, we are living in some goofy financial and economic times. There are jobs all over the place, yet, people are still struggling within their personal finances and budgeting? Huh? In order to best understand this situation, we need to define a few (simple) terms and then do some very simple math. What is this situation that is even worse than a job crisis? Let’s talk about it and get more informed about our current state of affairs as an economy! The more you are informed, the more you can make wiser choices to position yourself for the best chance at weathering the storm and remaining in control!