“Before you can become a millionaire, you must learn to think like one. You must learn how to motivate yourself to counter fear with courage.”

—*Thomas J. Stanley*

HOW MUCH CAN YOU MAKE AS A DAY TRADER

Making Money as a Day Trader

Day trading has risks as well as beinga potentially profitable activity, where traders try to take advantage of price movements during the day.
Achieving your upside from day trading can depend on starting deposit, trading strategies used, what you are trading, and a bit of luck.
Becoming a real day traders means taking your job seriously to maintain a nice living if you remain objective and disciplined and stick with their strategy.

HOW MUCH CAN YOU MAKE AS A DAY TRADER?

Understanding Compound Interest

Compound interest means that you receive profit, not only on your initial investment, but also on the prior profit added to your investment.

Sounds simple, but not a lot of people understand how powerful it is when applied or how the total return grows powerfully the longer the time frame.

It is easy to make your own compound interest excel spreadsheet and set yourself targets to reach for.

Understanding Market Basics

What to pick to daytrade

Stocks, Currency pairs, Cryptocurrency

What is a gap?

When price moves sharply up or down leaving a gap in the price

Where to enter a day trade

A price breakout of a high/low, pull back of a trend, indicator signal

Where to exit a day trade

A set risk/ reward level, a psychological price, all time high/low

Discover what a your professional day trading plan actually looks like

Become disciplined in recording your trades and keeping a track of what works for you. Making a trade set up and strategy that works for you is the best way to achieve your trading goals.

Which moving averages to use

There are many indicators to help you make trade decisions. From simple moving averages to complex buy/sell algorythms. Choose indicators that work for you and complement your trading style.

Which type of broker orders to use

This depends what type of trader you are. If you are waiting for a specific price for the entry, a Limit Order at that price is suitable. If you are the type of trader that rides the changing price waves, then a makret order is for you.