Here at Day Trading Academy (DTA), we provide a weekly review of markets and geopolitical events. Below you will find our most recent updates.
Feel free to peruse the most recent Day Trading Academy Blog articles by scrolling down, or choose your topic of interest below:
Today is probably going to be the last day that I trade in 2011 since we are getting so close to Christmas. In addition to that, I will be leaving tomorrow to spend the holidays in Venezuela. I don’t know if you have paid attention to the news recently but Venezuela isn’t the best place to be in the world so far. Leave it to me to visit another dangerous country after being to Somalia & getting arrested in South Sudan just […]
When we are day trading we really have to keep the end goal in mind. The goal of trading is not to make a billion points everyday, the goal is to make money every day. Even if you made just 1 point every day in the emini markets you could still do very well for yourself. With the volatility that we have been seeing in the last in the last few months I have been used to make more than just a […]
Welcome back to Medellin, Colombia! One of my favorite cities in the world I have decided to spend my Christmas holidays in Venezuela and would be heading in that direction tomorrow. We can certainly see the changes in the market as we approach the holidays. There has been a significant increase in erratic behavior as the direction of the global economy is becoming increasingly uncertain and there is less and less participants in the market. Its very interesting to watch. I have my hands […]
There are times in when you have to pay attention to every detail in the market and there are other times when you can really relax. The beginning of the current market volatility that we see in the market started when I was day trading in Argentina. Because of the increased volume and larger moves that we have see in the market I was able to focus much less on exactly where to get in and get out. You could make more […]
Welcome back to Nairobi, Kenya! I have my Tusker beer ready to watch today’s market. I explored most of the eastern realm of the continent and achieved all my goals of visiting Somalia, South Sudan (world’s newest country), and even day trading in many of the countries that I visited. Soon I will start posting my day trading offices from around the world, so far my office in Argentina & Madagascar are my favorites. I have some very exciting news and also […]
Day Trading Taxes can be quite a tricky situation. First off, let me tell you that I am not accountant, so in case you run into problems with the IRS I am sincerely not responsible for the brilliant decisions you made that brought into “that moment”. Secondly, let me tell you that this article is for taxes in the United States. If any of you have detailed information about taxes for day traders in other countries please contact me via my contact […]
I think it’s very important to understand why we behave the way we do. When we understand how something works we not only do that thing better, but we also enjoy it as well. Ask a pro trader why he continues day trading after 10am when he has already made enough money for the month. It’s because pro traders enjoy the challenge, they like to be in the market to find different expected outcomes and different ways of looking at things. I’m […]
How much money does it cost to start day trading is one of the most common questions that I get when people contact me about getting started. I try to be as clear and honest on this site as possible and the answer to that question is very complicated. The reason why is because when someone starts day trading there is a learning curve which involves training. Training is unpredictable since everyone is unique and more importantly, everyone learns at their own […]
Welcome back to Ethiopia! I spent roughly a day in Kigali, Rwanda exploring what I consider the Germany of Africa. Ethiopia Airlines has a habit of having flights in the WEEEE (did I spell that right?) hours of the morning. My flight left at 2am and I arrived at my home (Taitu Hotel) in Addis Ababa at around 7am only to find out that I couldn’t check in because someone else was in my room. What kind of country is this? I […]
Tradestation vs NinjaTrader is one of the most common questions when day traders get started. Both platforms are exceptional but there are nuances with both that are unique and make them easier to use. Choosing Between Tradestation & NinjaTrader is like deciding which kid is your favorite. You just can’t do that! These are the only two platforms that I have used in my near 10 year day trading career. Every day trader that I know only uses these two as well. […]
