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In this video, I challenge myself to turn $1,000 into $5,000 by day trading futures with no previous experience. What could go wrong??
I think this experiment reflects that of many people trying out day trading for the first time. Maybe you have some luck and you feel like you know what you’re doing – until it all goes against you. Without a strong, backtested strategy and unemotional trading, you will fail as a day trader – like I did in this video.
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0:00 Why Trade Futures
1:19 Getting Started
2:34 How Futures Work
5:11 My Plan
5:28 Day 1
8:05 Day 2
10:12 Day 5
10:31 Day 6
10:47 Day 7
11:22 Day 8
12:15 Day 9
12:48 Day 10
13:09 Moving Forward
Reasons to Be Bullish – At Least For A While!
The U.S. economy can’t offset deteriorating global economies for the long-term, and may run into problems of its own next year. But it looks like a window of opportunity for a typical favorable season rally to next spring, with still enough questions to keep volatility high and investors nervous.Options Trading System – 5 Steps To Better Options Trading
What is an Options Trading System? Before sitting down to write this post, I thought I would search the Internet to see what information existed on options trading systems. I was shocked to find that there was barely anything posted on the subject.Top 5 Most Important Financial Ratios for Stock Investors
Investing in stocks is a riskier way of earning profit. Large profits can be made if the decision is made correctly. This risk can be minimized by making good estimates about the stocks. For making these estimates financial statements and the earnings are not enough, as financial statements are not easy to interpret and earnings shown can be controlled by various accounting techniques. In this situation, financial ratios can prove to be very handy and optimum profit from stocks is only possible through analyzing them correctly. Financial ratios give in-depth understanding of the financial statements and the true financial position of the company, which in return makes the decision making easier for the investors. Following are the 5 most important financial ratios for the stock investors.Top Forums for Stock Discussion
What are the best stock forums out there? We’ll take a look at the top 4 discussion forums for investors looking for a place to chat about their stock picks.Forex and Stock Tips From ‘The Kenny Rogers School of Trading’
All together now: “You got to know when to hold’em, know when to fold’em, Know when to walk away and know when to run.” Kenny Rogers, The Gambler, 1978. I’m not sure how much Kenny Rogers knew about trading Forex, Stocks, Shares or Commodities when he sang those words, but, in my view, it is the single best piece of advice to give an investor who is new to the financial markets.
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