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Helpful Hints on Day Trading Gas-Related Stocks

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HELPFUL HINTS ON DAY TRADING GAS-RELATED STOCKS


Don’t Ignore Fundamental Analysis

Day Trading Gas related stocks will be much more profitable when you pay attention to fundemental analysis. Fundamental analysis is often left out of day trading, but this not always a good thing. Fundamental analysis is helpful in industries that affected by macro-level events.

Gas stocks is the perfect example of this. Because gas prices are a commodity, they are easily affected by numerous factors. Current events in gas-extracting areas will affect gas stock. The demand of a commodity by such as gas will also determine the price and stock.

In 2017 the US produced 20% of the total worldwide. The US is pretty stable and doesn’t cause much volatility in the market. Other big names in gas production, such as Iran and Russia.

Iran, for example, is under restraints of the newly re-instated US government sanctions. This will make it tough for Iran to take full advantage of its ability to produce.

Keep Up With Current Events

The rapid rate of events surrounding gas allows day traders to jump in and make money from the consistent changes in gas-extracting countries.

On April 22, Natural Gas Futures increased from $2.490 to $2.526. It was around this time that reports of US sections on Iran began. As evidence became more solid that sanctions would indeed be placed, the price of Gas Futures continued to increase. This price increase is created due to the lack of supply expected from Iran and an overall high demand.

The price of gas affects a variety of industries and companies. Revenue declines when companies have pay higher prices. So, gas futures will fluctuate in price as well as the price of certain company stock.

Value the Big Picture

It is so important to be aware of what is happening when day trading gas related stock. You should study the history at large and pay close attention to current events. It will be vey helpful to study and be familiar with the regions that export/import the highest amounts of gas. If you understand the background, it will be so much easier to read the market and know what developments are important.

Understanding the big picture will allow you to see trends to help you day trade gas related stock. Look at developments in importing/exporting countries the same way you would look at stock indexes and ETFs. This will help you understand how to get the most success from Gas-related Stocks.


Day Trading: How to Know when to Buy or Sell

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How are you supposed to know when to buy or sell?

The overall goal of Day Trading is to exploit small movements in individual assets. The first big step towards this goal is knowing what to buy and when to buy it.

Looking at the liquidity, volatility and Trading Volume of an asset will help you asses if a trade is both profitable and right for you. Below you will see descriptions of what these things are, and learn how they can lead you to success. 

The first thing on the list to look at is the Liquidity of the asset.

Liquidity is what will allow you to enter and exit the trade at a favorable price.

Two things to note when assessing Liquidity are Spread. Liquidity is the difference between bid and ask. Slippage is the difference between the expected price of a trade and the actual price at which the trade is executed. You want to look for a tight spread and a low slippage.

Volatility is The next thing you will want to take into consideration when looking what to buy and sell.

The volatility will help you know when to buy.  It gives information on the expected price range. When Day Trading, a larger range in price will mean greater volatility.  This will result in either greater profit or greater loss.

Don’t forget to look at the Trading volume.

The trading volume is what tells us how many times a certain stock has been bought and sold. Volume is measured over a specific amount of time.  

If the trading volume is high this means a stock has a lot of interest. An increase in volume it is usually a sign of a price jump. After looking for this dumb you can better asses your trade. 

In Conclusion
These three things will help you a lot as you begin to decide when to buy and sell. Knowing how to observe the Liquidity, Volatility and Trading Volume  will be a great help to you as you get started in the world of Day Trading. 
 

Day Trading: 3 Tips on Deciding When to Sell

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Deciding when to sell is a key element to being profitable when Day Trading.

There are many ways for you to approach an exit and come out in a winning position. Four ways to do this is to use profit targets, daily pivots and momentum.

The most commonly used exit method is probably using profit targets. When using profit targets, you are exiting at a pre-set level.

There are strategies to help when choosing profit targets. Of these strategies, Scalping is the most used. When scalping you are selling right after the trade becomes profitable. The Profit target when scalping is whenever the trade begins to make you money.

Another strategy using profit targets is Fading. Fading is involving shorting stocks right after they begin to take an upward turn.

When using this technique, you are assuming three things. First you assume the assets overbought. You also must assume that those who bought early are ready to take their profits. Last, assume that those who are currently buying may be scared off the trade.

Fading is a risky strategy but can really pay off when successful. What you are watching for when implementing this selling strategy, is signs that the buyers are stepping back in. This will give you your price target.

Daily Pivots is our next usefully strategy when deciding when to sell. Daily pivots is benefiting from the asset’s volatility.

Profiting from Volatility is achieved by buying when the price is the lowest and selling when the price is at it’s highest point. You’re price target when using daily pivots is when you see a reversal begin.

Using Momentum of a trade can be very beneficial for traders. This involves research. Knowing which trades will be trending and popular puts traders ahead. Reading news articles and staying up to day on current events will help you know which way the market is moving and allow you to strategize successful trades.

One way to trade using Momentum is to buy based on news releases and then sell when the trend turns. There is also another popular way to trade using momentum. This is to fade a price surge. When fading a price surge your price target is when the volume of the asset begins to lower.

Defining a strategy when deciding when to sell is important. Your strategy should be repeatable and tested. This will lead to success when Day Trading.

Day Trading Futures: Pros and Cons

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The Pros

Day Trading is great because all trades are completed when the market closes for the day.

Futures usually open at a price that is very different from where they end. Volatility means you can fall asleep at night in a winning position, and wake up at a loss. Day Trading provides rest from this risk. Literal rest. A good nights sleep.

There is no overnight risk with Day Trading, which is one of it’s biggest Pros.

There is a lot to learn when entering the trading world.

Day Trading is like an accelerated learning course in trading. You’ll make more trades in a day than position traders. This will help you learn quickly what is necessary for success. You’ll

The Cons

It takes great discipline to day trade. It can be vey difficult to stay the course and not over reach. Many who try out day trading find themselves overreaching and over trading.

Commissions can also be an issue when Day Trading. It is very possible to break even, but have a big commission bill at the end of the year. To make money day trading you have to make many winning trades.

A Word On Volatility

Short term trading can outweigh long term investing in certain situations. Volatility of the market will determine which approach is most favorable.

In a highly volatile market, prices are moving up and down frantically. This is what you want to look for. The high volatility allows you to buy and sell for profit within a days time. A stagnant market is a no go for day traders.

Day Trading takes a lot of preparation, education and discipline. It can me really difficult to make money Day Trading. It is crucial that you treat it seriously and dedicate proper time.

However, if you do your research and map out a game plan, Day Trading can be a very rewarding.

A Month’s Day Trading Results | DayTradeFEED.net

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Day Trading Results

Total Month’s Profit: $1,050

First of all, let me apologize for the delay in posting my Day Trading results. The month has been pretty busy for me with some vacations and business ventures (all funded by day trading, of course) but I’m excited to get back into the swing of things.

It was a decent month for me. Not my best month, but also not my most traded. In the coming months I should have more time to devote to trading and will make sure to get these results out a little more quickly than in the past!

Explaining Our Day Trading Results

Before we show you our day trading results, we always make sure to explain exactly which trades these results are coming from.

As we trade throughout the day, we record our trade results to post later on. These trade results come from all kinds of different strategies, including ONIT trades, SAT trades and normal daily trading.

When we say “ONIT,” we mean the Overnight Impact Trade. Similarly, when we say “SAT,” we mean the Sunday Afternoon Day Trade.

The ONIT is made Monday through Thursday, usually around 3:00 p.m. MST, and the SAT is a similar trade, but only made on Sunday afternoons. The trades are forex trades, and are placed on the EUR USD. Each trader simply sets the trade and forgets the trade each day, and watches the profits roll in.

Many traders swear by these trades, and this is one of the only places you can find them!

To learn more about this daily trade, contact us!

Now for Day Trade FEED’s day trading results…

Day Trading Results | Day Trade FEED

Day Trade FEED’s Day Trading Results

Daily Trades: 3
Pips Per Trade: 10
Total Pips: 30
Lot Size: 0.50
TOTAL PROFIT: $150

Placing these Overnight Impact Day Trades, Sunday Afternoon Day Trades or regular day-to-day trades would have made you $150 during the month.

Daily Trades: 3
Pips Per Trade: 10
Total Pips: 30
Lot Size: 0.50
TOTAL PROFIT: $150

Placing these Overnight Impact Day Trades, Sunday Afternoon Day Trades or regular day-to-day trades would have made you $300 during the month.

Daily Trades: 3
Pips Per Trade: 10
Total Pips: 30
Lot Size: 0.50
TOTAL PROFIT: $150

Placing these Overnight Impact Day Trades, Sunday Afternoon Day Trades or regular day-to-day trades would have made you $450 during the month.

Daily Trades: 3
Pips Per Trade: 10
Total Pips: 30
Lot Size: 0.50
TOTAL PROFIT: $150

Placing these Overnight Impact Day Trades, Sunday Afternoon Day Trades or regular day-to-day trades would have made you $600 in the month.

 

Daily Trades: 3
Pips Per Trade: 10
Total Pips: 30
Lot Size: 0.50
TOTAL PROFIT: $150

Placing these Overnight Impact Day Trades, Sunday Afternoon Day Trades or regular day-to-day trades would have made you $750 in the month.

Daily Trades: 3
Pips Per Trade: 10
Total Pips: 30
Lot Size: 0.50
TOTAL PROFIT: $150

Placing these Overnight Impact Day Trades, Sunday Afternoon Day Trades or regular day-to-day trades would have made you $900 in the month.

Daily Trades: 3
Pips Per Trade: 10
Total Pips: 30
Lot Size: 0.50
TOTAL PROFIT: $150

Placing these Overnight Impact Day Trades, Sunday Afternoon Day Trades or regular day-to-day trades would have made you $1050 in the month.

In conclusion…

What would you do with an extra $1,050 each month?

We are Day Trading, Forex and Futures specialists, and love all things day trading! You can find more information on day trading education systems by contacting us!

Want to be notified when we post our day trading results? 

    “IMPORTANT NOTE: Trading foreign exchange or futures on margin carries a high level of risk. It may not be suitable for all investors. The high degree of leverage can work against you. It can also work for you. Before deciding to trade foreign exchange or futures, you should carefully consider your investment objectives. Also check your  level  of  experience and risk appetite. The  possibility exists that you can lose some or all of your initial  investment. You should not invest money that you can’t afford to lose. You should be aware of all the risks associated with foreign exchange and futures trading. Seek advice from an independent financial adviser if you have any doubts or questions. Past trading history does not indicate future trading success.”

    Huge Mistakes Made When Choosing a Day Trading System | Part 7

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    Black Box or Robot Trading

    Why Black Box or Robot Trading systems can be attractive.

    These automatic trading systems can be connected to Americans and the type of people they are becoming as a whole.

    When it comes to investing, the obvious, perfect choice would include little risk, almost no required effort and high returns. Unfortunately, this perfect system doesn’t exist in today’s market. If you come across something or someone promising this type of return, it’s likely to hurt all involved.

    As the world’s technology advances, so does the market’s. Predictions and promises regarding artificial intelligence and its capabilities are a dime a dozen. This is perhaps why “Black Box” or “Robot Trading” is rapidly becoming the most popular form of trading.

    The playing field is leveled, even for Black Box or Robot Trading systems.

    In 2008, the S&P 500 hit record lows. Due to these lows, just about every automated system in existence became completely irrelevant.

    This was obviously a difficult time for many. However, in the overall scheme of things, times couldn’t be more exciting. Why? Because the playing field had once again become level.

    Trading floors, stock advisors and day traders alike were forced to reevaluate their trading systems. Those who were depending on automated systems quickly learned how difficult it was for these robots to adapt to new market conditions.

    The worst part? It all should have been expected, as the markets were showing patterns no one had ever seen before. The industry had changed forever.

    What else makes Black Box or Robot Trading systems unreliable?

    Most creators of these systems include very little live testing in their development. Some even go out of their way to avoid it.

    What does this mean? Unfortunately, it means these systems are created using old data and past results. While this makes them look more attractive to potential clients, it’s very detrimental in the long run.

    It’s easy to make a system based on old data look profitable. A few tweaks can make a world of difference. However, the 2008 market change we just discussed forced computers to begin adapting at an exponential rate.

    So how do Black Box or Robot Trading systems keep up?

    Honestly, we’re yet to find one of these systems capable of adapting at the necessary rate.

    While systems based on back tested results are easy to find, it’s rare to find ones based on long term running data. Because of this, one of two things usually happens:

    Option A – The system stops running correctly. Profits cease and the system halts

    Option B – The system loses so much money so quickly that it’s impossible to halt before zeroing out.

    When you hear of a trading system attached to the terms Black Box or Robot Trading, think of it like you would a wolf in sheep’s clothing. For example, someone running a ponzi scheme could easily promote it as this type of automated trading system.

    Why? We just went over it. Profitable systems based on back tested data are incredibly easy to falsify and recreate.

    I recently heard of a man who claimed to run an automated, robotic trading system. However, he was actually trading the money himself. Why would he do this?

    Because of what Americans are becoming as a people. Consumers seem to flock to these systems because they promise little risk and high reward. But true traders know their own system is more reliable.

    Please understand that  I’m not saying a legitimate Black Box or Robot Trading system can’t exist. But if it does, chances are it’s too expensive for any single trader to use.

    In conclusion, beware of Black Box or Robot Trading systems!

    When you come across these systems, see what the long term plan is. Make sure you’re not being used to test a faulty system before it’s sold to trading floors, institutions or wealthy private investors.

    Find Day Trading Information Through DayTradeFEED.net!

    This article is the final part in a series aimed at helping day traders understand what mistakes to avoid.

    First Mistake: No Ongoing Support/Education

    Second Mistake: No Specific Way To Replicate Results

    Third Mistake: Repeating Key Entry and Exit Strategies

    Fourth Mistake: Paying for Trading Seminars, Books & Videos

    Fifth Mistake: Make Money Day Trading (System Not Compatible)

    Sixth Mistake: Pitches that Win Now, Lose Overall

    Six-and-a-halfth Mistake: Poor Relationship with Brokers

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      Huge Mistakes Made When Choosing a Day Trading System | Part 6.5

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      Poor Relationship with Day Trading Brokers

      Obvious Facts About Day Trading Brokers

      This may sound obvious, but when a trader doesn’t trade, they don’t make any money. What you may not think about is the fact that their broker doesn’t make any money, either.

      The best, most successful trading systems are usually accompanied with an incredible relationship with a broker. These relationships are key indicators of how successful a system can be.

      If the relationship is strong, it usually means the broker is happy. If the broker is happy, it usually means the trader is making profitable trades, putting money in the broker’s pocket.

      While the above scenario is true in most cases, there are still brokers who will want a relationship with traders regardless of how many trades they make. They’ll even go as far as making sure to portray inactive traders in a positive light and offer low rates in an attempt to gain client referrals.

      What To Look For in Day Trading Brokers

      When researching a system, there are specific things to look for to determine credibility.

      For instance, some educators make more money charging you as an Introducing Broker as opposed to monthly fees. Most brokers set aside a certain amount of money for these Introducing Brokers, who in turn, are registered to profit from client referrals.

      The biggest problem with this scenario is that many of these educators have relationships with brokers who pay the most for referrals, instead of brokers who will best meet the needs of clients.

      Experience in this area has shown it can be a double-edged sword. One way to recognize an Introducing Broker system is to determine how conservative they are in their marketing. Everything these individuals do is monitored and regulated, so the more conservative, the more likely.

      In contrast, educators who aren’t Introducing Brokers will usually identify the best places to trade because they have no incentive to lead you elsewhere.

      Additional Overlooked Factors When Choosing Day Trading Brokers

      Books, videos and seminars which offer full courses on trading tips and techniques are a very common education tools. Unfortunately, a lot of these resources fail to reference the steps necessary for setting up a broker account.

      Additionally, it may surprise you that even some of the largest trading platforms on the planet don’t offer phone or email support.

      If you’re researching a system and the educator doesn’t provide videos, ongoing support or live help in regards to setting up a broker account, the education likely won’t translate into actual trading.

      That being said, the industry as a whole is getting better in this regard. Most online brokers now offer support options, but even these don’t typically cover all the bases. Before making any type of payment, make sure you’re getting more than just a generic education.

      Day Trading Brokers on Taxes, Retirement Planning and Interest

      You may find it difficult to locate any type of information on taxes, retirement planning and interest in day trading.

      Taxes are a big part of trading. Tax implications can be significant for trader, depending on how their account was set up of course.

      To combat this, many traders set up corporations to trade with. This may or may not be the right step for you. As you’re choosing a system, make sure you have information to help you navigate this.

      Retirement planning goes hand-in-hand with taxes. There are a lot of ways to integrate your account with Traditional IRAs, ROTH IRAs and other tax beneficial strategic investments.

      Brokers work with their type of accounts, but often neglect to mention this integration capability.

      Be aware that most of these accounts require higher minimum balances to start.

      Find Day Trading Brokers Through DayTradeFEED.net!

      This article is only part 6.5 in a series aimed at helping day traders understand what mistakes to avoid.

      First Mistake: No Ongoing Support/Education

      Second Mistake: No Specific Way To Replicate Results

      Third Mistake: Repeating Key Entry and Exit Strategies

      Fourth Mistake: Paying for Trading Seminars, Books & Videos

      Fifth Mistake: Make Money Day Trading (System Not Compatible)

      Sixth Mistake: Pitches that Win Now, Lose Overall

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        Huge Mistakes Made When Choosing a Day Trading System | Part Six

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        Day Trading Education – Pitches that Win Now, Lose Overall

        After a number of years in the trading industry, it’s difficult to avoid criticizing every little detail of various education systems. At a certain point, it seems as though you’ve heard it all in regards to companies selling their systems (and the questions that come from potential customers of said systems).

        You even begin to see an almost political sense of loyalty begin to form between traders and THEIR system. Rarely does a trader admit, openly, to the flawed practices which they adopted at one point or another.

        I recently heard a pitch so convincing that the educator didn’t even really sell an actual product. His system consisted of making live trades and explaining why certain decisions were being made and why.

        Most “educators” who follow this model have 12-20 years of experience in trading and, as mentioned previously, cannot actually replicate their system because it made up mostly by personality traits instead of technical coding.

        Day Trading Education – Buzzword: “Accuracy”

        “Over 75 percent accuracy,” the salesman says. Your eyes light up as you wonder whether or not he’s telling the truth. Surprisingly, the answer is most likely yes.

        But beware of the word “accuracy,” which will always be used as a tool in selling a system because of its ability to be manipulated.

        For example, you may find systems that are only actually accurate 15 out of every 100 trades. These systems still claim higher percentages because their trade structure outweighs the 85 losing trades with the 15 winning trades.

        The opposite can also be true. A system can be successful on 95 out of every 100 trades, but still lose money overall because the trade structure outweighs the 95 wins with the five losses.

        After hearing the word “accuracy,” the best practice is to always make sure to see what the actual overall profit/loss is.

        Day Trading Education – Buzzword: “Guarantee”

        Another buzzword traders often hear as they research trading systems is “guarantee.” This is obviously in regards to pricing or satisfaction quality, as it is neither legal or ethical to make future guarantees on profits.

        Again (just to be clear),there is only one type of establishment which can promise specific returns: federally regulated banks. Not one mutual fund, 401k, stock or trading account in existence can guarantee future profits.

        Day Trading Education – The Total Rip Off

        Occasionally a potential trader can come across a trading and education system that is a total and complete rip off. While this becomes more and more rare as time passes, it’s still a possibility.

        In most cases, these systems promise huge profits on little effort from the trader. Money is exchanged, likely never to even be invested.

        There are certain safeguards which are continually being put into place to help guard against this type of fraud, including federal laws requiring risk disclaimers on all trading websites and online entities. However, it’s still important to keep this in mind when searching for your system.

        Day Trading Education – Beware of Salesperson

        “Even a monkey could trade this,” is something a presenter might say while showing you a trade system demonstration. This may sound like they are trying to convince you, but in a sense, they could be right.

        A study was conducted years ago involving a human and a monkey. Both sat in front of a computer and asked to trade for a specific duration of time. By the end of the experiment, the monkey had made more money than the human.

        Obviously, results from the case above are rare, and should be taken lightly due to it being a single instance of the experiment. If it were run 1000 times, results would surely differ.

        The main takeaway here is that education salespeople will do anything to make trading look easy, which the reality is that it simply is not. In certain cases, new traders can remain profitable for a short period of time, but that doesn’t mean their strategy is perfect.

        A good thing to remember for new traders is to practice trade execution for a minimum of one month prior to increasing leverage and trading substantial funds.

        Conclusion: Day Trading Education

        In conclusion, day trading education is not something to take lightly. While many people learn and make a living day trading, others make their living by selling faulty and outdated education products. Here at Day Trade FEED, we’re doing our best to make sure everyone who is interested can learn to day trade without navigating all the tricks of the sales trade. 

        When choosing a day trading system, make sure to use the product as much as possible before paying for it. Do this by using free demonstrations, trial periods and other forms of test drives.

        Remember, if an education system doesn’t allow you to try before investing, it may not be worth your time.

        Trading is something that is difficult enough without trading platforms and software companies misleading you.

        Find Day Trading Education Through DayTradeFEED.net!

        This article is only part six in a series aimed at helping day traders understand what mistakes to avoid.

        First Mistake: No Ongoing Support/Education

        Second Mistake: No Specific Way To Replicate Results

        Third Mistake: Repeating Key Entry and Exit Strategies

        Fourth Mistake: Paying for Trading Seminars, Books & Videos

        Fifth Mistake: Make Money Day Trading (System Not Compatible)

        Subscribe below to be notified of future editions.

          Huge Mistakes Made When Choosing a Day Trading System | Part Five

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          Mistake: Make Money Day Trading (System Not Compatible)

          Make money day trading. Don’t kill profitability with a lack of funds.

          Two things that have nothing to do with a trading system itself can affect trading in a significant way:

          1. Liquidity

          2. Market Being Traded

          Some systems claim to see the same results regardless of  liquidity or which market is being traded, but the only way for this to be true is for the trader to have a significant account funded from the beginning.

          The truth is that profits are capped by these two principles in every market. On one hand, Forex market caps are traded in billions of dollars. In contrast, traders being capping out at around $5,000 in futures markets.

          How to make money day trading, even with Forex caps.

          Around $3 trillion is exchanged in Forex markets on a daily basis. Because of this, many traders will never have to worry about caps in terms of profitability. However, minimums balances do still exist, albeit usually at a relatively low rate.

          Many brokers offer what is called a “micro account.” These allow traders to open a trading account for as little as five dollars. These offers usually charge more in spreads, but make trading available to just about anybody.

          Typically, brokers prefer a normal account to start around $500. These accounts offer lower pip spreads, but keep in mind that profits are taken at the beginning by setting you however many pips behind your entry to pay the spread difference.

          How to make money day trading, even with Futures caps.

          The Futures market isn’t for everyone due to a required minimum standard balance set by the Commodity Futures Trading Commission (CFTC).

          First, it’s important to remember that most brokers will not allow you to open an account with less than $5,000. In addition, contract margins can vary from $500 to $6,000 per contract traded. These parameters are set to prevent losses that traders aren’t able to cover.

          The Futures market is also a little more unreliable in terms of liquidity. Take the S&P 500 vs. Silver Futures for example. The S&P involves many more traders, which means there is more opportunity in the market to make profits without “slippage.”

          “Slippage” is defined as a change in price which occurs due to a lack of participant reaction instead of an abundance of it. When these markets slip and there isn’t enough traders participating, your trade must wait until the prices moves far enough to pull you out completely.

          In turn, this can result in huge losses and/or little profit.

          Conclusion: how to make money day trading.

          In conclusion, while Futures markets remain a great place to trade, please make sure you have the correct knowledge and experience to correctly navigate the practice. A good place to start is to make sure you know about specific trade times and overnight margin requirements.

          The best type of educator of trading system will already have direction on which market fits your individual financial situation and the leverage at which you should be trading.

          How to make money day trading with DayTradeFEED.net!

          This article is only part five in a series aimed at helping day traders understand what mistakes to avoid.

          First Mistake: No Ongoing Support/Education

          Second Mistake: No Specific Way To Replicate Results

          Third Mistake: Repeating Key Entry and Exit Strategies

          Fourth Mistake: Paying for Trading Seminars, Books & Videos

          Subscribe below to be notified of future editions.

            Huge Mistakes Made When Choosing a Day Trading System | Part Four

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            Mistake: Paying for Trading Seminars, Books & Videos

            Day Trading Seminars Can Be Misleading

            Above all, if you learn nothing else from reading this chapter, please remember the following fact:

            In most cases, day trading seminars are the equivalent to really expensive (albeit live-action) YouTube videos.

            What this means for traders is that the same information and strategies being used and taught in most of these seminars can be found, for free, on common sites like YouTube.

            In a recent experience, I came across a seminar which charged $3,600 for a six-hour introduction class. Further research showed the class’ curriculum covering general market facts alone.

            Students attending class received really fancy-looking binders, a catered lunch and the smug feeling that only comes from knowing “the secret.”

            What these students did not receive was any information whatsoever on how to trade.

            There’s a reason these seminars have the negative reputation that they do. The entire seminar model itself is basically ideal for scammers and should immediately trigger multiple red flags.

            This model includes three basic steps:

            1. Show up in a town for a couple days.

            2. Collect lots and lots of money.

            3. High-tail it out of town with no real way for unhappy customers to contact you.

            Can you think of a better scam?

            A good way to sniff out these scams is to remember the following:

            A company’s pricing model directly reflects how it intends on maintaining its future relationship with you.

            For example, if a company charges you everything up front, chances are there’s a high amount of risk involved in the product. If the charges are incurred on a monthly basis, chances are the company is banking on you being satisfied with the product.

            Trading educators that charge monthly fees generally offer a higher level of support and concern for your success. To put it simply, if you’re not successful, they stop making money.

            Tip: Be cautious of large up-front costs.

            You’re Clear on Day Trading Seminars, But What About Books?

            Books remain a great, inexpensive educational resource for those looking to learn about the markets.

            Unfortunately, if a trader wants to actually make money in the market, it requires a lot more (even for the most avid readers) than simply reading some material to get started.

            Another issue with these books is how quickly they become outdated. With trading platforms and software evolving so rapidly in recent years, books on a specific subject become useless if more than two years old.

            Tip: Avoid books surrounding a specific trade strategy that are more than two years old.

            In my experience, I’ve found the most beneficial reading material for traders often has nothing to do with the actual act of making trades. Instead, books dealing with psychology and mental readiness in trading have made the most difference in my trading.

            Many traders believe this aspect of trading to be irrelevant. In contrast, I believe it to the driving factor behind 75% of your trading success.

            Tip: Not a big reader? Listen to the audio version in the car or at the office.

            We’ve Covered Day Trading Seminars and Books. What About Video?

            It’s easy to see technological advances in education, television and digital media becoming more and more interactive by the day. Due to this, videos are becoming a faster, more efficient way to consume trading education material.

            However, prior warnings in this chapter still apply.

            This may seem obvious, but if you come across a system that doesn’t include education videos in its curriculum, it’s likely outdated and faulty. This is clear indication of the system as a whole.

            As we previously discussed, there’s more free trading education videos on YouTube and other streaming sites than you can imagine. But know the information in these locations can be repetitive, and even incorrect at times.

            If you’re diligent in your research, it will quickly become clear to you which video sources are reliable.

            Day Trade FEED’s Picks for Day Trading Seminars

            Here at Day Trade FEED, we have a specific way of choosing which seminars have the correct information to incorporate into our day trading system. After years of research and trial/error, we’ve found some really great seminars that provided information that would fit perfectly into our trading system. We determine this by making sure the information is a good fit for traders using Kevin Jones Day Trading Indicators.

            Traders have been using these indicators for more than 20 years, and so far they’ve worked perfectly for us in our trading.

            If you’d like to learn more about Kevin Jones Day Trading Indicators or how they work in our trading system, contact us!

            We were also careful to make sure these seminars were safe, reliable and properly vetted prior to receiving our endorsement. To receive a list of Day Trade FEED’s picks for Quality Day Trading Seminars, contact us or fill out the form below.

            This article is only part two in a series aimed at helping day traders understand what mistakes to avoid.

            First Mistake: No Ongoing Support/Education

            Second Mistake: No Specific Way To Replicate Results

            Third Mistake: Repeating Key Entry and Exit Strategies

            Subscribe below to be notified of future editions.

              DISCLOSURE: While these methods may have worked in the past, past results are not necessarily indicative of future results. While there is a potential for profits, there is also a risk of loss. A loss incurred in connection with trading foreign exchange currency contracts can be significant. Carefully consider whether such trading is suitable for you in light of your financial condition since all speculative trading is inherently risky and should only be undertaken by individuals with adequate risk capital.