Day Trader - Daytrader - Day Traders - WIN
What is day trader (daytrader, pattern day trader)? A day trader is engaged in day tradingm much like investing and swing trading, but with day traders the timing of the trades and the capital requirements differ.
With investors, there are no capital requirement, as with swing trading and both involve holding trades over nigh, whereas with day trading you must maintain a trading account capital balance of at least $25K and you must be out of the trade by the end of the trading day, at least that's the plan.
While daytrading, day traders seek to make profits with margin leveraging (4X) capital (with a $50K giving you $100K and with a $100K account balance you have $400K buying power – margin, of course, accelerates or magnifies gains or losses on your base capital).
Margin allows day traders to take advantage of price movements in liquid stocks, usually stocks that are shortable, meaning available from your broker, with a $5.00 stock price minimum.
So, for daytrading – as distinguished from a swing trading (holding a position for days) and an investing (holding a position for weeks, usually months, and for other, years – day traders trade a financial instruments for seconds, minutes, hours, all within the same trading day.
The question (potential problemis) is?
What's considered a trading day?
I distinguish my trading day, like most traders, as between 9:30am and 4pm. That is, I only trade with clients in our day trading room between those hours, where the extra 5.5 hours, before and after normal trading hours, presents unacceptable trading risks for a day trader to exit their trade(s).
In other words, we hold no positions before 9:30 am (8 - 9:30am) nor after 4pm EST (4pm - 8pm) - no exceptions.
Our day trading rules are simple and few and this one is not to be violated or, we've learned the hard way, we risk being killed - both financially and emotionally.
A day trader is required to maintain a trading account balance of at least $25K. Falling below this level at the end of the trading day can generate a margin call, and we don't want that, do we?
Most day traders remain glued to their screen(s) for hours making day trading both the most exciting, as well, the most boring game there is on earth.
Day trading is much like the military - "hurry up and wait".
During the summer doldrums or during a holiday week, it can be likened to living in a fox hole forever. That's why we avoid trading altogether on no-show trading days.
"Fox hole? Isn't that a bit much drama?"
Well, we do have running water and CNBC.
On the other side of day trading, when there is price tension with price action (volatility), plus a sufficient number of active day traders (volume) it's the most exciting game on the planet, offering the greatest opportunity for near instant financial rewards.
Life is all about choosing your games well, for winning. There is no better game for winning than day trading stocks.
I Love this Game. Can't you tell?
Did I mention the potential day trader salary? (Oops, I mean day trader income - I forgot, we daytraders only have one boss.)
How could you miss that number; it's on the header of every page?
Here's the point about income.
If your goal is to make a couple hundred dollars a trade, given the limited number of trading opportunities presented each, your income will be mediocre at best, let's just say $50K, give or take.
Now, on the other hand, if your goal is to trade with smart money,looking for thousands of dollars a trade, now you have the opportunity to make some serious money, CEO like income - get the picture?
That's why the Trading POWER Learning program can be so lucrative, for most reading this, unbelievably lucrative - and that's the best reason for you to think seriously about changing your game - to shift from bill paying to wealth building.
The Games have Changed,
So have We, and
So can You
The Day Trader - How to be a Day Trader?
A successful, that is, highly profitable day trader - needs 3 things:
1. Day trade – New school.
New – day trader perspective, new daytrader strategies, new day trader systems, new day trader rules – for LOSERS to become Consistently Profitable WINNERS.
2. Daytrade – with a Master Day Trader COACH
Every day trader who comes my way quickly hears me say "If you don't trade with a coach you are doomed to mediocrity at best and big money losing at worse.
Can you imagine any world-class athlete, CEO, or politician performing at the top of their game without a coach in their field of endeavor helping them master the game?
No.
The same applies to every day traders, all day traders, who seek mastery; and for stock day traders, that's about becoming a consistently profitable winner, then a wealth building winner.
3. Day trading – with other Winners, focusing on WINNING, not the money.
What is a Day Trader really looking for?
WINNING !
What is a Day Trader ? - How to be a Day Trader ?
Researching with web, Google Adwords search, with day trader terms, looking for information about how to be a day trader or what is a day trader, how to distintuish a day trading from investing or swing trading or get answers to questions to solve daytrader problems - you will find the following: day trader, daytrader, day traders, day trader salary, how to day trade stocks, how to day trade, how to trade stocks, what is a day trader, trader day, day trader stock, and so on, as the most popular.
Much of what I'm going to share with you on this web site about what you need to know to be a day trader, especially what it takes to be a successful day trader in today's stock market, you will not find available anywhere on the web.
Why?
Because most so-called day trader gurus (offering the day trader courses, daytrader books, day trading CDs, daytrading software, picks of the day, on their day trading blog, – and the investors, swing traders, and day traders paying for their wares) are talking, teaching, and delivering products and services to day traders is now obsolete, old-school.
Whereas I will be talking to you about day traders, and how to be s successful day trader, real-time, making big money right now, new-school.
That's what this website is all about. That's what our day trading is all about. And that's what your opportuity is all about with the Trading POWER Learning program - making big money, new school.
Day Trader - What is a Day Trader - GOOGLE
When you "do a Google", the terms with the most global and monthly clicks are: day trader, be a day trader, what is a day trader, how to be a day trader, the day trader, daytrader, traders day, day traders, day trader stock.
Searching the word day trader gives results from Wikipedia and Investopedia - the definition sites, the dated, dictionary-like website – presents a problem: time lost, questions unanswered, and problems go unsolved.
Google presents these dictionary sites on top of the on the first search page, items 1-5, rather than separating them as they do videos and news, placing these sites below the first five organic listings.
For most day traders I talk with, this is a nuisance, a distraction – a time waster.
Day traders want the most relevant, reliable, problem solving websites on a page one search, in the first five items – not buried 5-10 deep on the organic portion of a Google search.
Day Trader – What is a Day Trader – more INFO
Below are excerpted definitions from three authority (dictionary) websites – for your additional information.
Notice they don't even use the terms: daytrader, day traders, pattern day trader, how to be a day trader, what is a day trader, be a day trader, day trader salary - what traders are really looking for to answer their questions and help them solve problems.
I do, so you will find what you want on the Web to solve real trading problems - to get your what is day trader questions answered and, as a result, to prevent problems and to get many of your day trading problems solved.
Like any aged reference material, remember that this information is dated, thus questionable for accurately and reliably painting a real-world, real-time picture of what's going on in the stock markets these days – what day trading is really all about.
From Wikipedia, the free encyclopedia.
http://en.wikipedia.org/wiki/Day_Trader
Day trader
A day trader is a trader who buys and sells financial instruments (e.g. stocks, options, futures, derivatives, currencies) within the same trading day such that all positions will usually be closed before the market close of the trading day. This trading style is called day trading. Depending on one's trading strategy, it may range from several to hundreds of orders a day.
There are two major types of day traders: institutional and retail.
An institutional day trader is a trader who works for a financial institution. This type of trader has certain advantages over retail traders as he/she generally has access to more resources, tools, equipment, large amounts of capital and leverage, large availability of fresh fund inflows to trade continuously on the markets, dedicated and direct lines to data centers and exchanges, expensive and high-end trading and analytical software, support teams to help, and more. All these advantages give them certain edges over retail day traders.
A retail day trader is a trader who works for himself, or in partnership with a few other traders. A retail trader generally trades with his own capital, though he may also trade with other people's money. Law has restricted the amount of other people's money a retail trader can manage. In the United States, day traders may not advertise as advisors or financial managers. Although not required, nearly all retail day traders use direct access brokers as they offer the fastest order entry to the exchanges, as well as superior software trading platforms.
In the past, most day traders were institutional traders due to the huge advantages they had over retail traders. However, since the technology boom in the second half of the 1990s, advances in personal computing and communications technology, realized in the accessibility of powerful personal computers and the Internet, have brought fast online trading and powerful market analytical tools to the mainstream. Low, affordable commissions from discount brokers as well as regulation improvements in favor of retail traders have also helped level the trading playing field, making success as a retail trader a possibility for many and a reality for some.
An auto trader is the person who performs auto-trading, which stands for automated trading and the use of computer programs and other tools to enter trading orders. Because this all happens with the help of the computer algorithm it is also called algorithmic trading or high-frequency trading.[1]
Pros and cons
Day traders' objective is to make profits by taking advantage of small price movements in highly liquid stocks or indexes as well.
A day trader who wants to achieve success needs appropriate knowledge, equipment, tools and markets together with the ability to trade the right electronic trading platform. A day trader with the right information will be able to succeed, otherwise, success will go to the other person in the transaction or to the broker, if he happens to be the best informed person in the transaction.
Besides all these technical requirements some personal traits are also necessary. They include the right psychological and emotional traits. Two emotions that the day trader faces and should manage are fear and greed. A balance between these two emotions is necessary to achieve successful trades.
Also, a successful day trader needs to know which stocks to trade, when to enter the trade, and when to get out of the trade. Part of this knowledge is to find those stocks with liquidity and volatility, in order to generate profits.
Day trading, as part of the market timing, however, is an activity that academics do not support. They question the market timing and believe in the efficient market theory. However, market timing is not illegal, and it is not considered unethical.
Although the activity can be profitable, it requires effort to be put in and is a difficult skill to master. Many people expect to make large profits with little effort, and the fact is that around 80% of day traders lose money.
Note: my research and experience reveal the shocking reality – 98% of all traders are losers. You want proof? Look at your retirement capital, you entrusted with advisors and money managers – it gets wacked better than 50% of it's value, over and over again, every few years.
Investopedia
http://www.investopedia.com/terms/d/daytrader.asp#axzz1QQ53NZ4b Day Trading
Day Trader
What Does Day Trader Mean?
A stock trader who holds positions for a very short time (from minutes to hours) and makes numerous trades each day. Most trades are entered and closed out within the same day.
Investopedia explains Day Trader
This is a highly speculative practice. The reality is that most day traders lose money.
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Well now you know more about being a day trader (daytrader, pattern day trader) and what day traders are up to - either focused on the money or focused on winning, knowing the former is not nearly as important as the latter.
The what is a day trader question should now be no more.
Same for how to be a day trader.
And you know more about the big draw to day traders - the huge day trader salary potential, sorry, day trader (pattern day trader) income potential, so you too can become a day trader.
Got more question?
Great, fire away with a Support request or emil me - John McLaughlin - and I'll do my best to get you an answer. If I can't answer the question, I'm sure someone in my network of traders and friends can.
Don't stop there, go social, join me on my networks, any or all - see above column 3, and below for the big ones - as well, the slide in window with 12 options, 6 social sites per page.
Be sure to leave me your email at log in, so you get on our FREE day trading video mailing list and other trader raleted information and offers.
I have a few public videos I've done recently, your email address assures you will be on the VIP list for exclusive video releases (the markets, high tension stocks, technical analysis and more) - all free because I want to help day traders, and aspiriing day traders like you, learn about why traders lose and what it takes to be a day trading winner.
I'm not done - hopefully I've helped you by delivering important, value packed information on this website.
It's now time for you to help me in exchange, agreed? Good.
Be sure to:
1. Fan my page Page (and ask all your friends to Fan my Page) on Facebook - Like our Fan Page (Link)
2. Connect with me on Linkedin - http://www.linkedin.com/in/StockCoach
3. Join our Facebook Day Trading Group (Link).
Thanks and good luck trading...I'm looking forward to your call.
John
Take Charge!
Dare to Become a Millionaire
Make that call for support
949-218-4114
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