Day Trading Course Launch

day trading course

Day Trading Course

My day trading course launched last night. I have been really excited [and a bit nervous] about it… but it has gone down really well.

The system is really easy to use. There are no complicated chart features or long winded tutorials.

There is however a really thorough guide with lots of trading examples and videos that will help you learn to trade profitably.

As I have already mentioned in previous posts, my system uses fixed odds binary bets. This means that you know exactly how much you stand to win or lose. There are no scary price movements that can leave you with an empty bank.

Also, you really don’t need a big bank to start trading. £100 can see you learn and profit as you go… and within no time you can be making a couple of £50 trades a day.

day trading binary system

There are no dodgy staking plans either. Level stakes works great.

You don’t need any expensive charting packages to trade my system. The free charts at binary or IG are fine.

All you need to do is follow the rules that the system gives you and stay disciplined.

I know it sounds easy… but it is, and that’s the idea. Don’t think that because it is easy that it is not profitable though… You’d be totally mistaken.

Thanks…

In saying all this, I couldn’t have created such a great course without my partner… He has really helped me stay confident… not about trading or the quality of the course… rather he helped me believe that I could indeed help others to learn how to trade.

As well as doing the videos, hours of discussing the traders v gamblers mind-set and spotting areas that needed addressing to help day traders win long term.

You can read more about my new day trading course here.

Or you can order here

Why I don’t like doing Trading Videos

Trading Videos

Trading Videos

I’m often asked why I don’t do more trading videos. The truth is that I had a bad experience when doing them and that sort of put me off.

I enjoy running the blog and doing the updates, but when I first started doing videos I had some weird guy leaving comments like “another slag trying her hand at internet marketing” and all sorts of other BS. That is one of the main reasons don’t do more trading videos.

Another reason is that I’m not actively trying to market and sell anything. If I had been over these last 6 years then maybe I’d have thought about giving it another go.

And another thing that puts me off doing videos even more; truth is I hate seeing myself on video and even hearing myself. It’s just not my thing. I cringe at it.

Video’s for My New Day Trading Course

My partner has camtasia studio, and he is doing some video’s for my new course. He doesn’t mind doing them like I do but always moans that he sounds, er… different… LOL… he actually says he sounds like something else… I’m sure you can imagine.

Anyway, I will do some of the video’s for the course as they are going to be for members only.

Some of the other videos that we are doing just have captions added to them. They actually work really well. And as the objective is to teach you how to trade, I am happy to use them as they are clear and will indeed help.

The course and website content will be ready in the next couple of days and it will launch on the 27th February.

If you are on my email list then you will get a notification with a discount code or button that will save you £50.

Pay for Trading Charts? Do You Need to?

do you pay for trading charts

Pay for Trading Charts?

Do you need to pay for trading charts? I get asked that a lot.

I do and it suits me. But you really do not need to pay for charting packages… especially when you are starting out.

As I have been writing the final draft of my new trading system, I realised how good some of the free charts out there really are. A lot of the images I have used in the course are from my sharepad subscription.

Even though I explain in the course where and how to use the free options available, I thought I’d write a post and give you the heads up of my favourite free charts.

pay for trading charts

IG Charting

I’ve never really used them before I started looking into day trading. But over the last few months I have used them a lot. In fact, for day trading I prefer them to share paid which is £50 a month.

The reasons for this are numerous actually.

  • They are very easy to use, even easier than sharepad.
  • You can change the candle time frames in an instant from the toolbar.
  • You can scroll in using your mouse or pad on your MacBook.
  • Obviously, you can place your trade directly if you are using IG to trade.
  • You can set better alerts, far easier on the IG platform. This is a huge bonus… You can realistically trade on the move.
  • They are free to use even if your account isn’t funded [apparently] I can’t remember if that was the case or not when I opened my account, but that’s what they claim.

Why I like IG charts

I really like the way that you can change the time frame of the candles directly from the trading screen. This is better than having a drop down menu.

Also being able to zoom in to areas of the chart by using your mouse is a big plus. This saves the hassle of having to reset the zoom all the time like you have to on sharepad.

You can also drag the chart. This is useful too if you need to look back at history, trends and patterns.

For me though, the biggest benefit from using them is the alerts that you can set.

You set your alerts when you login to the platform, download the app and get notified to your smart phone and email when your signals are hit.

This saves you from the need to be at your PC or laptop for hours and hours trading… unless you want to be of course…

Trying to do this on sharepad is a complete pain… if not nigh on impossible for a beginner to work out.

Each to their own though, and use whatever charting package you are happy using is all that counts.

But all considered, you won’t get much better than IG free charts, and all you have to do is create an account to use them.

 

Why New Traders Fail so Often

Why new traders fail so often

A common problem when it comes down to making money trading is that new traders find it hard to understand the concept of trading at all. They are ill prepared and ill informed… this is the start of why new traders fail so often.

It’s understandable really, if you consider the high octane films about trading and the way the press draw the picture of professional traders ,it’s no wonder that new traders are delusional.

Why New Traders Fail

New traders think that the royal road to riches as a trader is multi screen set ups, intense trading sessions, Ferrari’s and hookers… OK forget the Ferrari’s. But seriously, many new traders want to be the Wolf of Wall Street.

Trading just isn’t like that at all in reality.

If you are new to trading then I can safely say this, nothing changes the day you start trading.

There’s no transition to a new you. You will not become Wolfy overnight.

You see, once you do become a success at trading and you make consistent money, you’ll hit a limit. The limit is how much of the ebb and flow of money won and lost you can handle.

How Much Can You Handle?

You wont make millions a year trading £2 a point… but you might do trading £100 a point. The reality check will come way before that £100 a point stake though. At some stage and often way before even £20 a point you’ll reach your trading threshold.

You might be able to stomach losing £3000 in a day when the Dow turns against you, but can you handle losing £30000? Can you even imagine it?

Most traders never get off the ground because they lose money from the start and don’t like it. I mean, who does? But they just can’t deal with it.

They lose money because the system the were using didn’t work. It had nothing to do with them staking to much, not following the rules or not closing a losing trade.

why new traders fail

More often than not, new traders lose their confidence. They didn’t cut their losses soon enough and then hoped that their losing trade was going to turn round… It didn’t, so they take a bigger loss to stop the unbearable pain… pain that is being caused by watching their money getting mercilessly wiped out of their accounts and straight into someone else’s.

After the pain stops, and their wounds all but healed… they are left frightened to lose again. Now their trading bank is running on scarred money. It’s all but over for many.

These are just some of the common reasons new traders fail so often.

What Winning Traders Have

Many traders that make it to the absolute top have a hidden weapon… this is that they have built up their wealth from a standstill and compounded everything they made, they have discipline, unwavering courage and the knowing that they will come out on top.

These weapons combine and make one awesome weapon… the awesome weapon is a winner… or in our story, a trader with a winning attitude and system.

The fact that only 6% of traders make any money now seems reasonable, it’s a tough mental challenge to boot is trading.

But the 6% doesn’t tell the full story. Some of those 6% might make £10 a year whilst a few others make millions. Apparently only 1% make big money.

It’s a dog eat dog game is trading.

But You Can Do It

I’m going to try and address these issues that losing traders have in my new trading system.

As much as I’ll be teaching you a system that makes money, I’ll teach you the truths about you and your mentality as a trader. And I’ll point out the things not to do and what you should do along the way. This will hopefully help you master trading, fixed odds and spread betting.

One of the key areas to becoming a success at trading is starting small, with small banks. You then build the bank by doing the same thing that works, over and over again.

It’s not rocket science but it sure makes trading easier. Do what works, again and again

Here’s a video about trading binary options. You can start small with binary options, a £100 or so is all you need.

You can then reinvest profits into longer term trades over at IG Index. Plus you get a wider range of markets to trade at IG so you can spread your risk.

Binary Trading

Binary trading

If you have never tried or considered Binary Trading, then maybe it’s about time you should… but you need to take some caution before you get started.

Binary trading offers a great opportunity to start trading with smaller starting banks and the ability to know exactly how much you stand to win or lose.

Plus, you have access to a great range of currencies, indices and now even individual shares to trade. It’s also very easy to open an account.

Binary Trading Systems

I have mentioned that I have been working diligently over the last 18 months or so trying to find a day trading system that worked that I could offer to my blog readers.

This was a painful and time consuming experience.

All the systems that I reviewed and looked into, had some sort of unreasonable trading condition that I was not keen on.

These conditions ranged from the price of the system and ludicrous staking plans to huge starting banks and just utter garbage… Oh, and everything else in the middle.

Another thing that I often thought was that many of these systems had been designed by marketers or by the binary options companies themselves.

Call me paranoid if you like, but there’s a good reason that this might have been the case in some instances.

Binary trading is worth Billions… and it is not regulated like other trading and betting platforms.

This means that it is and can be open to manipulation. I don’t mean in the movement of prices though. Rather more like how the operators get new clients to their websites.

Binary companies know the profitability in creating “how to guides” to sell and profit from. But they [binary companies] create products with all the whistles, sales pages, bonuses and so on and then give the systems away. Obviously then they can direct buyers of their systems/products to their own websites to start trading.

Regardless of whether the systems they are offering made money long term or not, the whole process is win win for them.

Once customers are on there site testing things out, the money’s in the bank for the binary operators.

I am 100% sure I have seen this going on.

Everything Considered

When considering these issues, it seemed reasonable to approach this conundrum by creating a system from scratch that could then be traded via binary options with a reputable and trusted operator.

This is what I have done.

Profitable Trading Systems

As you will know from reading the blog, I have only ever recommended products to you that I have tested myself with real money.

These have been, Vince Stanzione’s Trading Course, Bonus bagging and Little acorns.

That is all I have recommended to you in over 6 years of blogging. But… all of those systems and courses have proven to be profitable long term.

As you can see, I have been very selective.

Binary trading system

My Binary Trading System

I must say that I’m very proud of the system that I have created. It is incredibly simple to use and amazingly accurate. You can start trading with £50 or £100 and its also pretty stress free… in fact there is really no stress at all in trading my system.

I’ll be keeping you posted of the launch date and soon I’ll add some screen shots and stats to the blog to show you what’s possible.

All readers of the blog will get a huge discount off the purchase price. So make sure that you are on the mailing list as you wont get the discount otherwise. I will only run the discount for a couple of weeks and then put the price up to normal.

Until then, open a binary account and get used to the concept of trading binary options. I am totally recommending Binary.com they can be trusted and I know that they are owned by trusted sources.

You can set up a demo account to get an idea of how it all works. It’s all very simple though.

Subscription Service

I have also considered not selling the actual binary trading system and then just sending alerts via a subscription service.

This may be an option, as then it reduces errors that you could make, but also the amount of time I may need to be giving support.

Another thing is that if I offer an alert service you can then just log straight into to your binary account and make the trade… if you have a smart phone or mobile device you can trade on the go.

Financial Spread Betting 2017

Financial spread betting 2017

What’s in store for 2017

My trading results with Vince Stanzione in 2016 were fantastic. But I think that 2017 will be even better.

There were a couple of larger losses that I avoided last year. These were on Brexit and the US elections. Even though I traded less in 2016 I actually made more.

Also, although my profits were relatively steady during most of the year, I did make a lot of points in the last 6/8 weeks of the year. This was a great boost.

I am unable to share the trades that Vince advises me on as I’m part of a private members group and this information is very restricted, but the amount of points profit you can make a year from all the various systems and strategies that Vince uses is phenomenal.

Plus, if you consider that I am still spread betting most positions, that’s pretty awesome.

Many of the opportunities that Vince highlights can actually be bought as shares. This means that you own part of whatever it may be and you can receive yearly dividends as a bonus. So, making money on the shares that you are holding makes even more after the dividends.

I don’t trade everything that Vince recommends… there are just too many for my bank to support. And I do actually have my own filters that I apply to his suggestions.

These filters that I use normally revolve around, Vince’s expected time to be in the position, stake sizes, volatility and so on.

Spread betting

Financial Spread Betting 2017

Then there are other systems that I use that Vince has taught, that basically pay a good yearly bonus or very worst case more or less evens. These are just very low risk opportunities that are well worth taking a punt on each year.

Vince also spots some great sector opportunities. Most of these can be traded by ETFs. This gives you exposure in the markets, without being strapped to a single share. ETFs are becoming more and more of a trader’s staple.

Overall, I keep a balanced portfolio by following someone that clearly know what they are doing.

Even if Vince were to vanish in the morning, I’d still be able to make trading pay because what I have learned over the years are strategies that will continue to perform over the long term.

Keeping my trading stakes and bank controlled with a balanced portfolio is key to profitable long term trading.

You can read some reviews on Vince’s system here.

So, I think 2017 is going to be a fantastic year to trade. No Brexit to consider or elections hanging over us. I can feel this will be a great trading year.

Change Your Life in 2017

Happy New Year to you all… may 2017 deliver what you wish for and be full of what you just have to have.

I heard that that saying [what you just have to have] at the start of a motivational compilation that I found just before Christmas.

Good idea to put it at the front of the video as it got me hooked into watching more… and I’m glad I did as I found it very inspirational.

The video is in this post for you to watch.

Change Your Life in 2017

Before that though, I want to remind everyone that if you really want to make a change to your life this year that you really can do it… but only if you really want it bad enough.

I often get criticised for staying positive. Although I always try to understand the logic behind such comments like… Oh your life is so great, yeah but you have time to go to the gym, but you earn more than me… the list goes on.

The thing is though, I’m not immune to failure, it’s that I just deal with adversity differently.

And then from adversity, I find a solution to do the things that I want to do.

It’s not all about Money

Most people think that a higher level of income means a higher level of happiness. They think that is the key to change your life.

But that is not at all how it is in reality.

Financial success is but a small part of the overall picture.

There is no way on earth that money makes me happier than seeing my daughter smile, laugh and play.

I’m so grateful for all the small things in life that money can’t buy.

I’m focused on making money online yes, but I’m focused on my family, diet and personal development far more.

Making money and opportunities just seem to come my way, then when they arrive it’s down to me to pursue them and put them to work.

We all have Misfortune and Challenges

Change your life

I have had more than my fair share of misfortune and challenges over these last years, believe me! But whatever challenges I or you face, moving on from them is the key to long term success.

But most people find an excuse to blame for their own lack of desire.

Injury, redundancy, litigations, divorce, maintenance, cheating partners, lost loved ones, bankruptcy, depression, family issues, health issues, insomnia, stress, mortgage arrears, not enough time, not enough money, fear…  the list goes on and on.

Yes, some of these situations are genuinely terrible, but most can be overcome.

There are more people with far greater problems than most of us that make it further than many of us ever will… Mentally, physically and financially.

Not because they are better than us or smarter than us. It’s because they just have to have what they want.

There’s no stopping these people, if they die in their pursuit of their goals then that’s a risk they’re going to take.

This year 2017, make it yours… no self doubt and excuses. If you want it, go and get it.

If you really want to make money trading, you will. If others can you can. But don’t give up until it’s yours.

Enjoy the video.

Goal setting 2017 Make it Your Best Ever Year

goal setting 2017

I hope you all had a great Christmas… and here’s wishing you all a great 2017.

2016 proved to be a year of learning for me. Although I’m always trying to learn something new, I concentrated on self improvement a lot this year.

I enjoyed this studying immensely.

The main reason that I was able to do this, was because my daughter started to do more and also longer days at pre-school nursery.

Not that I read books all day if she was at nursery, but I could juggle my time far more efficiently and have larger chunks of the evenings for me and my things.

The Trading Year

There was a lot going on this year with Brexit and the US elections.

Even though these events held some regular trading opportunities in gridlock, prices still moved up and down on all manor of things. In fact, there were quite a few quick trades that lasted only a few months this year.

I didn’t bet or trade on either of the above events. If I had I’d have lost them both.

Day Trading System

As you know, a lot of time this year has been spent researching day trading strategies. This has been one huge effort. But over the last few weeks I have been getting the first draft ready of my new system down… It should be finished by the last week of January.

Goals 2017

What’s my System Like

Well, I’m not only going to be offering you some system rules and pages of filler. I have been writing the guide from my own personal angle and perspective.

I’ve tried to address the reasons why you won’t make money day trading or any sort of trading…

This has nothing to do with the system… as that is cast iron.

It has everything to do with YOU though.

From not following rules, setting targets, setting trading times, starting banks, taking losses, over trading and even not trading enough. I’ve considered every thought thoroughly that entered my mind.

There is not one system that will suit all… although I feel by addressing the problems traders have emotionally when it comes to making trading pay, that I have come close.

You will be able to trade using my system at times throughout the day and evening that suits your current situation.

You could trade all day if you wished… But as always remember the golden rule! The money’s in the waiting. And that goes for day trading too.

Goal Setting 2017 Planning Your Year Ahead

If you haven’t read it yet read “The One Thing” set your goals around achieving that one thing and don’t stop until it’s done.

Use goal setting in 2017 to keep you focused. Plan a list of sub goals [no more than 5] that will get you to your main goal, [your one thing].

Each time you reach a sub goal, reward yourself.

I learnt this technique from the book 59 seconds. It complements The One Thing superbly.

Meditation

I have mentioned this in a few posts over the year… If you have never tried meditation before, you must at least have a go… I really can’t endorse it enough.

Meditation has been a big part of my daily life over this last year. I truly feel better for doing it. In fact, I look forward to it so much now, I miss it if I don’t meditate at least once a day.

It’s like your own brain enhancement system that is made just for you.  Awesome.

Make 2017 your best year yet

Wherever you are in your life at the moment, I wish you all the best for the coming year. Concentrate on the one major thing that will make your life better… and keep going until it’s done.

Believe in yourself… you’re stronger than you think and smarter than you can imagine.

A Product Review That Says it All

product review

More often than not when I’m shopping online, I’ll read product reviews before I purchase.

It makes little difference to the cost of them item either. If I’m considering buying a kindle book to a new monitor for my pc I’ll read the reviews if available.

Why do I do this? Well like millions of others, I’m basing my final buying decision on what other people have found out about the product before.

This feature of online shopping has changed the way that people shop and buy.

If you were in a High Street store, and were about to buy a new microwave oven, you’d read the features, look at the price and maybe listen to a store assistant that had some knowledge of the product.

You’d then purchase or not, based on your assumptions and impulses.

Product Review

Having the option to read other customers product reviews online is like being able to try before you buy.

You can get a real feel for the item you are interested in buying, just from reading the product reviews.

This is because many are incredibly detailed. Some shoppers will leave reviews that will include, size, speed, fit, colour tones, electric consumption, weight, sounds, vibration, ease of use, longevity, results, overall service and a host of other important details that you can consider.

Many of these opinions are simply not going to be available to you in store.

It is only shopping online that offers you so much time saving and effort in buying the right product that suits your own criterion.

product reviews

The reason I mention this is because it is Christmas and online shopping is at its peak once again… but also because of a review I read the other day about Vince Stanzione’s trading system.

If ever I could detail to you the ins and outs of Vince’s system, how to use it and how you can make money from this style of trading, then this review says it all.

You can have a read here.

It’s not long winded of full of waffle. It’s just a pleasant review of how it all works.

If you have been thinking about buy Vince’s system then this product review may help you make a decision either way.

Well worth a quick gander.

Disciplined Trader – That Thing Winning Traders Do

 

Disciplined trader

Self discipline is probably the greatest attribute a winning trader can possess.

I could offer you one trading rule/system and prove over time that it gives you consistent positive results.

One the other side of this, I could offer you a trading system with 6 or more rules and indicators that can still offer long term results.

The key difference in these systems is not necessarily the rules… it is how the trader manages the rules.

Is day trading 1 trade a day or multiple trades a day?

It is both of course. The point is how do you wish to operate within a trading day?

Do you want to be busy? Or find the right trade, take it on and then walk away for the day?

Should you use funds that you can safely afford to lose? Or do you trade with funds that you have an emotional attachment too?

Essential Pre-Trading Testing 

The only true way that you will find this answer out is by trading with real funds.

And there is yet another caveat to this.

You see, many people selling systems say that you should only start trading with money that you can afford to lose.

While I can see the logic behind this mentality, I fail to see how this equates to someone that can afford to lose £100,000.

How does a multimillionaire start to trade, what size bank? With £2000 or 2 million?

Reality Trading

Essentially, it seems that the less money you have to start trading the greater the probability you you have of making a better ROI.

Again, this view will be up for debate… but I can assure you that any trader that is trading with millions of $£€ has built up to that level from way smaller amounts.

Vince didn’t start out as a millionaire trader… he became one.

Risk money trading

Disciplined Trader

Any money that you trade with has to be respected and relevant.

If blowing £100 it nothing to you, then how about £500?

The fact is that… finding a level of loss that hurts you financially but you wont cost you your house if it all goes belly up.

If you are not emotionally attached to your trading bank in the sense that you care about what happens to it [your bank] then it’s likely you’re not going to be able to start a profitable trading career.

This is the first key to winning at trading. It is the first time you will be asked to be a disciplined trader… from then on you will be asked consistently.

The Disciplined Trader

It is the disciplined trader that will make money from the financial markets.

The ability to start trading with the correct sized bank, that is relevant to your current circumstances, takes honesty and discipline.

From then on in, it is time that will work its magic for you.

Therefore, you once again have to be disciplined.

You will either need to be disciplined enough to let your profits run, cut your losses or wait for the right opportunity to trade.

Winning traders are disciplined in all 3 of the above scenarios on any given trade.

 

Can You be Disciplined

If I told you that on average, you could make 6 points profit from every breakout on one minute candles; but pointed out it is better to set a points target of 6 points a day and then leave it and take the rest of the day off, could you do it?

Could you leave all those other potential 6 point trades on the table for the rest of the day?

If you are trading just one trade a day, could you just leave it there?

If I told you to back every one-minute candle within a certain criterion until you have made 2 points profit for the day… could you be disciplined enough to walk away after?

Discipline day trading

Day Trading

I’m talking the shorter term trading here as you can see. The reason for this is because I have talked about discipline with longer term trading many times before.

And since my trading system will be to accommodate day traders, I thought it an idea to point out some considerations before you even think about investing in financial trading.

In Conclusion

Any fool can start trading, but is the disciplined trader that will go on to reap the rewards and profits that trading can offer.

Discipline should be your greatest focus when it comes to trading. Become disciplined and most else will fall into place.

 

With self-discipline most anything is possible – Theodore Roosevelt