Serious about trading full-time? Read these 5 steps and you’ll be on your way!
Having a good trading plan is vital to successful trading. I’ve found a very good resource for traders starting out. Here is the link for “Newbie Trading Plan” by BullsGuy.
Receive free stock picks from Golden Stocks Picks. Their winners are pretty consistent, so check it out!
Download free ebook by Jim Wyckoff titled “Sharpening Your Trading Skills.” Who is Jim Wyckoff? Who cares! Ebook is F-R-E-E. Here is the link.
http://www.traderslog.com/Day-Trading-Ebook.htm
Word of the Day
Inside Day- An inside day is one where trading is contained within the trading range of the previous day. The longer the series of inside days that occur, the greater the likelyhood of a breadkout trade opportunity. Source:http://www.traderslog.com
Steve Pavlina has an excellent podcast at this website called “Using Patterns for Personal Development.” Even though it has nothing to do with trading, I think you can apply the same principle to trading. Enjoy!
Brett Steenbarger wrote an excellent article called “Pattern Recognition.” In it he talks about how important it is for a trader to recognize patterns in becoming a successful trader. You can download the text document on this website at
We all lose focus when trading and I suggest everyone to read this great article
http://briankim.net/blog/2006/07/the-unstoppable-power-of-focus/
I especially enjoyed this line from the article.
You will find that if you focus on one single subject and excel at it, many other doors will begin to open for you.
If you focus and master one time frame, many other doors will open for you as well.
