Do you want to be a day trader but do not know where to start? Do you wonder what tools you will need? Do you wonder if you have what it takes to become a day trader? In this blog, we will cover the most important things you will need to know in order to become a successful day trader. ) Day Trading Funds In order to day trade, you need to set aside some money that you are willing to risk losing. Make sure that you are not using scared money to trade as you cannot ensure that you will...

Everything in our lives is based on rules. Think about it for a minute. Remember being a kid? Think about some rules your parents were diligent at enforcing. Think about your time at school, your time at university, your job, your city, etc. I bet you can think of many rules in place in each of those settings, but do you ever wonder why there are so many rules? Imagine your workplace without any rules. Would you wake up and get yourself to your job for 8:00AM? Would you finish a report on time? Now think about an entire society...

True or false? The day trader’s lifestyle is an exciting one. You sit for half an hour in front of your trading station, make a few thousand dollars, and then spend the rest of the day partying with friends or lying on the beach and catching some rays. If traveling, you bring your laptop with you, do a little trading on the side, and make some money while living it up at a fancy resort. Well, we are sorry to disappoint you, but that is not how it works. Unfortunately, day trading is not that easy and to reach the point...

First and foremost, I do apologize for missing trading on Monday. I heard Thor and Brian led the momentum trading discussion, and that they did an amazing job! As some of you saw on my Twitter and Instagram, I was climbing in the Tantalus Range, about 37 miles (60 km) north of Vancouver, near the District of Squamish, on the road to Whistler. When I was working on my PhD at the University of British Columbia, my office in the Chemical Engineering Department was on the 6th floor and my desk overlooked a glaciated mountain range. I soon learned that...

First, my apologies for not trading on Friday. I was climbing at Mt. Assiniboine, which in my humble opinion is the most beautiful mountain in the world. It is located in Assiniboine Provincial Park, on the British Columbia side of the Canadian Rockies. Its access is primarily limited to helidrop only, and that makes this place a diamond in the rough. Mt. Assiniboine is known as the Canadian Matterhorn, which itself is a majestic peak overlooking Zermatt, Switzerland. Part of the beauty of Mt. Assiniboine is that there have been only 3 people who have climbed it this season, compared...

Success in the financial markets comes from having consistently large profits while maintaining consistently small losses. There is no other secret sauce or magic formula. The randomness of the market is decisive. It often will reward bad habits and sloppy trading by offering large profits to gamblers. It may often seem to you that the market rewards impulsiveness and punishes disciplined traders. The only way to bind your risk management, technical knowledge, and psychology together is to maintain an excellent journal and record of your trades. The trader and psychologist, Dr. Alexander Elder, says: "Show me a trader with good...

I hope you’ve had a great first week of June. If this week has taught us anything, it is that the markets are future looking: they are more concerned with what is about to happen rather than what is happening at the moment. The market had an incredible rally, which was primarily due to the release of far better than expected economic data. The U.S. economy added 2.5 million jobs for the month of May, signaling that the recovery is on its way. This news was significant enough that the money managers reallocated some of their assets from tech stocks...

I join with our American traders and friends this Memorial Day weekend in honoring those who sacrificed their lives for all of the freedoms we enjoy today. Regardless of where you call home, whether it is in the United States or elsewhere, I hope you are well, safe, and of course keeping it green going into this weekend. This was an important week for the markets, as many companies in the retail sector (such as Walmart (ticker: WMT), Home Depot (ticker: HD), Target (ticker: TGT) and Lowe’s (ticker: LOW)) reported their Q1 earnings. 70% of the U.S. Gross National Product is...

We are seeing a crazy market these days. Airlines are selling off and marijuana companies are ripping higher. The market is telling us this: people do not travel anymore but they do smoke pot! All jokes aside, this week we had an amazing presentation from one of our members, John Hiltz. His talk was entitled: Insights from A Newly Successful Trader. He shared an amazing and inspiring story with us on how when he began trading live, he experienced a horrible first two months (October and November 2019), but for the last few months he has been in the midst of...

Dear traders: I have a few important announcements to make about our community. The first is concerning tonight’s Success Webinar by our very own Mike Baehr. As you all may have heard several times in our community, trading is a serious business and it needs to be treated as such. Every new business or venture requires a plan or a roadmap that sets out the various stages which will lead to success. Trading is just like any other new venture. You progress from the start-up phase to eventually expanding into new and varied markets. As I am now more confident in my...