Day Trading Rules, 5 Success Tips from 7-Figure Day Trader, Tim Grittani – How To Make 50 Dollars A Day Trading Stocks.
Full show notes: http://chatwithtraders.com/ep-010-tim-grittani/ – – Tune in to the journey of an incredibly talented intraday trader, who has transformed a $3,000 account into almost $3,000,000 – within the space of just a few years.
It was early 2012 when he first ventured into the jungle of penny stocks. After catching on to how these markets operated and understood the manipulation, he certainly mastered a few setups that paid him generously over and over again. Eventually he hit a few limitations, and now he’s predominantly a short-seller of NASDAQ stocks, which makes for an interesting segment during this interview.
He is undoubtedly one guy you should pay close attention to, and his name is Tim Grittani, aka @KroyRunner89.
Looking back, Tim has now pinpointed the 5 key factors that have contributed to the majority of his success to date, and breakdowns each of them over the next 40+ minutes.
Plus, you’ll also hear about the events that lead up to his gigantic single trade loss of $290,000 during October last year. This will give you a great appreciation of just how bad things can get when you go against your trading rules. Because as you’ll hear when the ongoing problem surfaced, it got ugly – real quick!
, Day Trading Rules
Day Trading Lessons 5 Success Tips from 7-Figure Day Trader, Tim Grittani.
Get Relevant Posts Explaining Day Trading Stocks To Buy.
The foreign exchange market is preferable for part-time investors since it runs for 1 day and also is constantly in flux, providing enough possibilities to make profits at any kind of factor in the day.
However, the foreign exchange market is very unpredictable. This makes it dangerous for all traders, especially the part-time trader, if the appropriate method is not carried out. Techniques such as trading specific money sets that are at play while of day you can trade, taking a look at longer durations, executing price action techniques and using technology will certainly add to the success of part-time foreign exchange traders. Danger resistance, leverage and time horizon (from per hour to regular) should also be considered for any kind of trader’s more comprehensive method.
Altogether, these elements are a fundamental part of any kind of trading approach, whether the focus is on short- or long-lasting gains.