15 Things To Know Before You Start Day Trading

No, this isn’t another spammy video telling you we’ll help you become a millionaire if you set up a day trading account. If anything, we’re going to tell you pretty much the opposite.

Thanks to our friends at Audible!
Disclaimer: signing up for Audible will result in financial compensation towards Alux Inc at no additional cost to you, the consumer.

What are 15 Things To Know Before You Start Day Trading?
What is it to know about day trading?
What do I need to know before day trading?
How much money should you have to start day trading?
How much does an average day trader make per day?
Can you start day trading with $1000?
How to Start Day Trading?

__________
00:00 - Intro
00:40 - Day trading is completely different from investing.
01:39 - It’s high risk.
02:26 - Many successful day traders work for large institutions.
03:19 - It’s a zero sum game.
04:14 - More people than ever are doing it.
05:04 - There are more get-rich-quick schemes and scams.
05:59 - To make it work, you need to be fully invested in it.
06:51 - It requires experience.
07:33 - You’ll want to be good at technical analysis.
08:07 - You’ll want access to real time financial data and multiple news sources.
08:49 - You’ll want to invest in analytical software.
09:24 - You’ll need discipline — and you’ll need to keep emotion out of your decisions.
10:06 - You’ll probably need to use leverage — which is very risky.
11:03 - In US law, you’ll also need $25 000 in your account to do it.
11:38 - Day traders should only use risk capital.
12:21 - Question
*

#alux #daytrading

-

-
Social Media:
---

--
--
For businesses inquiries we're available at:

[alux]

Hello Aluxers! What — if anything — did the words ‘day trading’ mean to you before you clicked on this video? And has this changed your opinion about it?


Thanks to our friends at Audible!
Disclaimer: signing up for Audible will result in financial compensation towards Alux Inc at no additional cost to you, the consumer.

[thandochristinamkize]

Advice from a trader: don't listen to people who don't trade about trading.

[Trocyy]

Trading is 95% of controlling emotions and 5% of TA(Technical Analysis)

[VicDamoneJr]

Day trading is the best business in the world you just need to focus on one liquid stock and pour in 10, 000 hours

[christiane]

I day trade for a living. Risk management is the most important thing to remember. No one is right all the time. It requires constant shifting of perspectives.

[BuzzOwldrin]

For the 1% who sees this comment, I pray You and your families be successful!
- Millionaire - Educating The Masses

[UtikaCollar]

I've been trading for +5 years now. After spending every chance I got studying the markets and my particular niche I started making money after 2 years. The next 3 years I focused exclusively on my own patterns and tweaked and honed it along the way. After my 5th year I've made nearly $400k in total and quit my dayjob. IT'S NOT AN EASY ROAD, AND MOST PEOPLE CAN'T/WON'T stick it out. But, it's NOT impossible. If a person stuck a gun to a random average person and told them that within 3 years if they're not a profitable trader I would say 90% of ppl CAN do it. You need that urgency and dedication to make it. If you can tough it out then SKY'S THE LIMIT. We live in an amazing world where we actually have this opportunity, there's no other place where meritocracy is so evenly distributed. IT'S POSSIBLE TO LIVE THE LIFE YOU WANT

[doug]

Day trader/swing trader/investor thanks to Covid. Investing primarily in myself by learning new skills, improving my financial education, and developing a plan of action to achieve ALL of my goals. I don't sleep when I'm tired, but rather when I'm finished. I enjoy your videos Alux and look forward to being featured in one some day. (Remember me) Cheers from the US.

[karenbetty]

Taking advantages of small price moves can be a very lucrative game if it is played correctly. But it can be dangerous for newbies or anyone who doesn’t adhere a well-thought-our strategy.

[MoneyCoachLive]

I have been a day trader since 1997. I love every minute of it.

[smartgeneration]

Well I’ve been trading in stock market for over five years, first two years were ugly and I lost so much money
But then I didn’t give up and learnt so many things along the way. Now I’m a full time trader for last two years and make more money than a senior doctor in central London. It’s a real thing, real skill. Your experience counts. :)

[nditahsamweld]

A must watch video for every day trader.
Thank you Alux!

[rolandonunez]

This is a good review about what day trading means, not an easy job but is what I want to do

[Iburn]

Best thing I ever did was teach myself trading a few years back. The rona forced everyone to work from home or not at all and I was already able to

[vishnureddy]

I am a day trader personally just wanted to say one thing “careful”

[explorior]

Day trading doesnt need to be fancy with 20 or 50 indicators! keep it simple, have the right knowledge and always make sure to have the right mind, if you have this then your ready to be a trader

[princess]

*I* *subscribed* *to* *CNBC* *TV* *and* *I'm* *learning* *from* *each* *watch* . *I* *dont* *wanna* *be* *caught* *up* *in* *the* *latest* *hot* *stocks*, *or* *investments* . *As* *a* *beginner*, *I* *would* *appreciate* *useful* *tips* *on* *how* *to* *capitalize* *on* *the* *market* *to* *start* *up* *a* *multi* *million* *dollar* *dropshipping* *business* .

[traderlincolnmitchell]

This video was on point, except for the $25, 000. A trader can open a cash account to get around the PDT (Pattern Day Trading) rule. Only margin accounts you need $25, 000. You can also day trade futures, binary, and forex without having to put up $25, 000.

[fyndlove]

Day trading is definitely something to prepare for before starting.. thanks Alux!

[ClaytonBridges]

Day trading, everything you need to know in 1 tip: youre probably gonna lose money