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 […]
Day Trading Blog
15+ Points on Dec 12, 2011: Market Recap
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 […]
My Day Trading Office In Buenos Aires, Argentina
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 […]
Market Recap for Dec 2nd 2011 18 points!
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 […]
Taxes For Day Traders: Let’s All Save $95,000 a Year!
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 […]
Defining Your Definition Of Success
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
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 […]
23+ Points Today in 3 hours: Nov 18th Recap
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 […]
Day Trading Recap Nov 3rd 2011
In order to become a good day trader we have to be able to identify, understand, and anticipate what the market is going to do. Nothing in the stock market is set in stone which is why day traders always have losing trades. Nothing works out 100% of the time. In order to develop your skill it becomes not necessary, but crucial, to be able to control your emotions and think 100% analytically about the market. I mention this in this post […]
Day Trading Recap for 11/2/11
Today lasted a lot longer than I wanted it to (especially compared to yesterday) but it was a great day none the less. The market has really been giving us great runs which led me to cancel all targets other than the 5pt max target. You can even see this behavior in the pre-market so I was anticipating a big day in terms of volatility. The behavior of the market quickly changed once it officially opened. Take a look how there was […]