Many stocks explode after insane coverage on social media (like AMC and GameStop). Hopefully it convinces you to not actually lose money with day trading.ĭay trading is very big on Twitter and other social media sites. I like this feature a lot because it allows you to see how hard day trading is without actually losing money. This allows you to paper trade without losing money. With your subscription to True Trading Group you get access to a virtual trading simulator. You will get access to Trade Ideas' scanner which is one of the more well known tools for day traders. These tools help you find stocks that are worth trading supposedly. People who day trade claim scanners are a must have. Remember, though, charting and technical analysis doesn't really work. Here you'll be able to track stock prices and test out your new technical analysis strategies. You get access to TradingViews' Pro+ charting software. The point of these sessions is to improve and learn more about trading. This is run by one of the True Trading Group coaches. You'll s their screen, hear them talk about the market and get their trade alerts.Įvery Thursday there's a group coaching session limited to under 200 students. Here you'll be able to watch Michael Perinotti and the team at True Trading Group trade. With your subscription to True trading Group you get a daily chat room and trading room. Here's everything you can expect to get with a membership: There's a lot of different aspects to True Trading Group. The truth is technical analysis and all other supposed day trading strategies are complete nonsense. If you ask one of these people how much they make day trading they'll just go silent. Many people who day trade will tell you there's a low success rate because people don't learn technical analysis or chart reading blah blah blah. One last thing before moving on to the next section. Most people just don't have the time for it. This isn't something that you can do with a job or any sort of a busy life. You will need to wake up hours before the market opens at 9 AM (6 AM California time) and spend hours a day looking at a computer screen. Unlike long term investing that can be done in a few minutes a week, day trading needs to be treated like a full time job. There's too many factors that effect a stock price and every day trade you make is like flipping a coin.Īdditionally, there's many fees involved with day trading.Įach trade can cost you up to $100 in fees alone and short term trades are taxed the most. The main reason is it's just impossible to guess where a stock's price will be in a few hours or the next day. There's a few reasons why the success rate is so low.
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