April 25, 2013
- in Uncategorized by schooloftrade
3 Keys to a Successful day trading career with SchoolOfTrade.com
This morning we traded live with our members in the Live
Trade Room and made a great profit after taking a first-trade
loss at 9:30am EST. This morning
was an excellent example of how knowing the trade set-ups we teach our
students, using proper risk-management, and always letting
your trades RUN will help you achieve long term results as a professional
trader. In today’s recap we will discuss
the 3 keys to a successful day trading career with SchoolOfTrade.com.
Trade Room and made a great profit after taking a first-trade
loss at 9:30am EST. This morning
was an excellent example of how knowing the trade set-ups we teach our
students, using proper risk-management, and always letting
your trades RUN will help you achieve long term results as a professional
trader. In today’s recap we will discuss
the 3 keys to a successful day trading career with SchoolOfTrade.com.
3 Keys to successful day trading are; know the
set-ups, risk-management, and let those trades RUN!
set-ups, risk-management, and let those trades RUN!
The first key to our
day trading success is mastering the 10 trade set-ups that we teach all of our students. We provide the DETAILED trading plan, which
outlines each set-up in tremendous detail, and then we train EVERY DAY in our
Live Trade Room on how to locate, qualify, and execute each trade set-up. This morning we used 2 of these
high-percentage-set-ups; the Breakout & Inside-Out Set-Ups.
day trading success is mastering the 10 trade set-ups that we teach all of our students. We provide the DETAILED trading plan, which
outlines each set-up in tremendous detail, and then we train EVERY DAY in our
Live Trade Room on how to locate, qualify, and execute each trade set-up. This morning we used 2 of these
high-percentage-set-ups; the Breakout & Inside-Out Set-Ups.
We used the Breakout
and Inside-Out Set-Ups this morning to earn a great profit!
and Inside-Out Set-Ups this morning to earn a great profit!
The second key to our
day trading success is the use of proper risk-management. We all hate to think about losses, but we
MUST address this issue as soon as possible in our trading career so we can
last more than a few months as you learn.
Think of learning to trade like learning to be a BOXER; if you run into
the ring without protecting yourself you are going to get your head knocked off
and your boxing career will end just as fast as it began. As a new boxer, I need to learn more about my
opponent, I need to protect myself, and THEN I need to worry about attacking
the opponent. A professional trader
knows that risking too much on any trade is a recipe for disaster, and this is
why we spend so much time teaching people about risk-management in our on-going
training sessions.
day trading success is the use of proper risk-management. We all hate to think about losses, but we
MUST address this issue as soon as possible in our trading career so we can
last more than a few months as you learn.
Think of learning to trade like learning to be a BOXER; if you run into
the ring without protecting yourself you are going to get your head knocked off
and your boxing career will end just as fast as it began. As a new boxer, I need to learn more about my
opponent, I need to protect myself, and THEN I need to worry about attacking
the opponent. A professional trader
knows that risking too much on any trade is a recipe for disaster, and this is
why we spend so much time teaching people about risk-management in our on-going
training sessions.
Learning to trade is like
learning to be a BOXER; if you run into the ring without protecting yourself
you are going to get your head knocked off!
learning to be a BOXER; if you run into the ring without protecting yourself
you are going to get your head knocked off!
The third key to our
day trading success is to know how to maximize your winning trades, which are referred to as letting your
trades ‘run’. One of the most common
mistakes we make as new traders is cutting our winners off too early, which is
usually the side-effect of being scared of losing trades. Think about it, if you cut your losses early,
you can’t recoup the losses that you will DEFINITELY take as a new trader. Our training materials address this issue
from the very first day; we teach our students where our final profit-target
will be before we take a trade, and we always stay patient to let the trade RUN
to its final destination.
day trading success is to know how to maximize your winning trades, which are referred to as letting your
trades ‘run’. One of the most common
mistakes we make as new traders is cutting our winners off too early, which is
usually the side-effect of being scared of losing trades. Think about it, if you cut your losses early,
you can’t recoup the losses that you will DEFINITELY take as a new trader. Our training materials address this issue
from the very first day; we teach our students where our final profit-target
will be before we take a trade, and we always stay patient to let the trade RUN
to its final destination.
Follow every trade we take by joining the trial or registering as a member.
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Want to see the trades we took today? Find them here.
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