How To Do Day Trading, 4 Lessons I Wish I Knew before I Started Day Trading – Day Trading Strategies For Beginners.

🎁Get my FREE Trading Journal +Weekly Watchlist: https://www.humbledtrader.com/free
🔽Time stamps:
1:06 There is NO secret day trading strategy that guarantees 100% win rate
4:18 Do NOT follow others’ trade alerts to buy or sell stocks
8:40 Focus on learning to read the stock charts first
10:47 Learning to day trade will take TIME and patience

Trade with me: https://humbledtrader.com/discord-room
Day Trading is NOT easy… it’s definitely not a get rich quick scheme
Here are 4 Key Lessons I wish I had known before I started learning to day trade:

1. Stop looking for “SECRET” Day Trading strategies that will give you 100% win rate. They do not exist… what’s missing in your day trading is screen time and experience.

2. Stop following others’ trading alerts, aka chat room alerts to buy or sell stocks

3. Focus on chart reading first and foremost when learning to day trade as a beginner.

4. Day Trading takes time to learn slowly and steadily. Do not expect fast results and start making it rain within two weeks.

🖥️Recommended Trading Tools:
Benzinga Pro FREE 14 day trial (use code “HUMBLEDTRADER” to get 25% Off )
http://bit.ly/2KXeAqH
Trade Ideas Scanner (use code “HUMBLED15” to get 15% Off)
https://bit.ly/3rLAfp2

Cobra Trading (Best broker for shorting stocks, $30K min)
Get 25% off commissions, mention “Humbled Trader” at the time of account opening
https://bit.ly/3iNLqJq

Interactive Brokers: https://bit.ly/2xNpQ5o
🇨🇦Questrade Canada (get $50 FREE commission trades)
http://bit.ly/2GoeUMY
Webull Free Trading app (Get free stocks with $100 deposit)
http://bit.ly/2Lhtd9X

Get My Trading Station Set Up & Favorite Trading Books
https://www.amazon.com/shop/humbledtrader
📊Follow me on social for more updates:
IG @HumbledTrader
Twitter @HumbledTrader18
#daytrading #pennystocks #stocks
___
DISCLAIMER: I am not a financial adviser nor a CPA. These videos are for educational and entertainment purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.

AFFILIATE DISCLOSURE: I only recommend products and services I truly believe in and use myself. Some of the links on this webpage are affiliate links, meaning, at no additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. Commissions earned will be used towards growing this channel.

Humbled Trader FAM count: 238,200

4 Lessons I Wish I Knew before I Started Day Trading, How To Do Day Trading

Day Trading Strategies For Beginners 4 Lessons I Wish I Knew before I Started Day Trading.

Explore Relevant Videos Top Searched Day Trading Strategies For Beginners.

Presuming you work nine to five in the UNITED STATE, you could trade prior to or after work. The best trading approach in those time blocks is to pick the most active money sets (those with the most value action). Understanding what times the significant money markets are open will help in picking significant sets.

  • New york city opens up at 8:00 a.m. to 5:00 p.m. EST
  • Tokyo opens up at 7:00 p.m. to 4:00 a.m. EST
  • Sydney opens up at 5:00 p.m. to 2:00 a.m. EST
  • London opens up at 3:00 a.m. to 12:00 twelve noon EST

The marketplaces in Japan and Europe (open 2:00 a.m.– 11:00 a.m.) are in full swing so part-time investors can pick significant money sets. These include the EUR/JPY pair or the EUR/ CHF pair for significant currencies or sets that entail the Hong Kong dollar (HKD) or Singapore dollar (SGD). The AUD/JPY pair might likewise work well for part-time investors available during the 5 p.m. to twelve o’clock at night timeframe. While it is critical to comprehend the best money sets that fit your routine, prior to putting any type of bets the investor needs to perform additional evaluation on these sets and the fundamentals of each money.

Day Trading and Swing Trading the Currency Market - Book by Kathy LienForex for Beginners Book by Anna Coulling Currency Trading for Dummies Book by Brian Dolan 50 Pips a Day Forex Strategy Book by Laurentiu Damir

See also  Day Trading For A Living (My #1 Tip How To Get There)