Welcome to:

How to Trade for a Living

This course is comprehensive and has been created to teach you how to learn to trade. First, trading can mean a short term trade lasting seconds or minutes, medium term trade lasting hours or days, longer term trade lasting days, weeks and sometimes months. A trade to me is buying or selling something and making a profit on it whether it is a 1 second hold or a 6 month hold.

Learning to trade means you have to learn quit a bit of information. I know it's a lot of study but like anything you want to get really good at, it takes work and focus and time.

Trading for a living to me means placing trades with the goal to make enough money in the markets to make a living. Trading for long term financial security means to learn to trade to build up long term wealth which will take compounding your profits.

Whatever trading means to you it is doable as long as you have the plan, the strategy to execute your plan, and the capital to trade or invest.

Now let's address having a strategy. What is important in trading or investing are these following points which make up your strategy:

Having a good entry point. Where you buy or short a position.

Having a good exit point. Where you take your profit on a position.

Protecting your downside and or making sure that when you lose you don't lose too much on each trade.

Having an edge is important.

Mindset and Discipline: you can't just wing it. You need a strategy and an edge.

Just like winning a game at something to do so you need an edge. If it were a sport. Do you have faster players, a better coach, a better game plan, a strategy to give you an advantage. For example, let's take something simple. You know when you play tic tac toe and you just keep beating your opponent? You do so because you have a strategy which gives you an edge. Just start with the x or o in a corner, your opponent will place their x or o anywhere on the grid. It doesn't matter. You then place the x or o in the opposite corner. You have now won the game. The edge is knowing this strategy and going first. That's an edge.

In trading, your edge can be derived in several ways. I have found the following gives you an edge;

1. taking trades based on a pattern that repeats itself over and over provides an edge.

2: buying an instrument when the degree angle, slope, or trajectory of the price of an instrument is moving up, in an up trend and conversely doing the opposite when the price is in a down trend. This is called price action.

3: buying when the price of an instrument is above the 100 period simple moving average.

4: selling short when the price of an instrument is below the 100 period simple moving average.

5: buying when the price of an instrument is above the 100 SMA and there is a pullback on an up move and the price starts regaining its move up.

6: selling when there is a run up on a down move when the price of an instrument is trading below the moving average.

7: knowing where to take a profit based on what time interval and what instrument you are trading.

That's really it. Knowing the above are tenets that you need to register in your brain and understand thoroughly.

What else do you need to understand? You need to understand the specifics of what you are trading, the value of each tic move of what you are trading, understanding what a time interval is, a moving average, and a few terms and terminology, and how to use the software for trading and you are well on your way to success. Is there more to it than that? Yes, but do you have to know it all to be successful? No. I am going to first teach the above and then, you can start delving into the rest of the course to gain valuable knowledge, strategies, systems, insights, rules, technical terms, terminology and the psychology of trading.