I understand there are lots of day trading strategies out there, but I wanted to share with you one of my favorites: the sniper shot. Is this a perfect day trading strategy that will always make you money? Of course not! There is no such thing as a perfect day trading strategy. With that being said, when you have a firm understanding of trading and technical analysis, this is a strategy that can be very beneficial when used within the proper context. I want to walk you through the foundations of this strategy and the principles it is built upon. While it may appear as though I'm insulting your intelligence, I promise that's not the case! I've had this YouTube channel and my educational site since 2013 and I tell you this because I've lost count of the times people comment about how some of the most obvious dynamics of day trading hide in plain sight. It is pretty amazing though how when you identify these basic principles and then implement them into a day trading strategy how impactful they can become. Instead of continuing to try and explain with words, let me show you a real life example of this strategy from my personal day trading results I captured on video!

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Day Trading Strategy: The Sniper Shot

There are certain times that we as day traders need to be risky! If we want to position ourselves in the best possible spot to make money online over the long term, risk is required! When it comes to the topic of risk, let me be very clear! There are a variety of types of risk and situations where risk needs to be viewed in certain ways. I want to share with you some tips and tricks on when I would argue it makes sense to get a bit risky and try and put more money into your pocket. The type of risk I am talking about is by no means random or coming from a place of "go big or go home". In all actuality, this strategy towards being risk is coming from mathematics and a place of probabilities. In other words, it's coming from a place devoid of emotions and filled with basic math. I understand that beginner day traders can sometimes see certain words and situations and become intimated because it all feels so complex, but that is not what we have here. These tips and tricks are centered around some very basic math concepts that anyone can understand and implement within their day trading strategies. Whether you are trading stocks, crypto, options or Forex, these are the tips and tricks you should consider using in order to turn your strategy as rock solid as possible!

Day Trader Risk | Putting More Money In Your Pocket

I want to share a situation that just happened to me that is a large reason why so many traders fail. Because of situations like you are about to see in the video, many traders are taken to places they should not go and ultimately, will eventually fail. No worries, I will not be lecturing at you "in theory" and talking about how I once read in a book that this is how it could happen. Nothing like that! I will be using some of my personal day trading results that show situations like this occur, and then how they can potentially spin out of control. Whether you are a beginner day trader who is just getting started or someone with day trading experience, it can never hurt to be reminded of how situations like this can lead to failure. While I can not say that these situations will show up the exact same for all traders, I can say that the underlying issue remains true no matter where you are in your day trading career. The only difference is how well you can identify the potential traps and pits that will try to swallow you up as you proceed through your day trading journey. Let me show you what I mean with an emotional situation I experienced first hand.

Day Traders Fail Because of Situations Like This...

Some of the most important day trader tips I can give you revolve around your emotions and psychology as a flawed human being. I truly wish I could sit here and tell beginner day traders that emotions and feelings can be completely turned off when you are trading online; however, that would be a lie. The best we can do as day traders is to be aware of how our human psychology works and then implement methods to help us fight against it. In this video I want to share with you a tip that I use in order to protect myself against "trading ego". In order to have consistent money making success as a day trader, you certainly need to have confidence and trust in your strategies and ability as a trader. With that being said, there's also a fine line that exists where you confidence can turn into ego. When this line has been crossed, you are setting yourself up for some very dangerous (and painful) consequences. I've been trading since 2006, or in other words, I have a whole lot of experience with the pain that trading ego brings with it for those who are unprepared. I hope this video demonstrates just how trading ego can arise, but even better, a practical solution that you can use to protect yourself against it!

Day Trader Tips: How to Protect Yourself Against ”Trading Ego”...

Are you an online gamer? Would you consider yourself a "snob" when it comes to video games? (no shame there!). Well, let me tell you what I believe to be the greatest video game every created! Perhaps you've heard on online trading before, or perhaps you haven't.... in either situation, I hope to motivate you enough to at least look deeper into it! Let me be very clear though. This "video game" of online trading requires an immense amount of focus and hard work. If you are going to find consistent success it will require blood, sweat and tears along the way. So yes, it is a mountain size challenge to have consistent success, but if you are able and willing to put in the time and effort to climb the mountain, the upside potential is amazing! If you are an online gamer but also seek additional side hustles and ways to earn income, then you truly do need to consider online trading. You already have a huge requirement technology wise with high speed internet and an awesome computer, now it's just time for the knowledge. If you love a good challenge and want to learn more about this video game that can put real life money into your pocket, then let's go!

Online Trading: The Greatest Video Game Ever Created!

I know we all quiver at the sound of the word "quiz", but I promise this one will be very quick! I want you to check this out as I believe it will help to show you whether or not your expectations of the market and day trading are grounded in reality or fantasy land. This is important to figure out because as a beginner day trader, if you are focused on the wrong concepts from the start or have impressions that are false, you are setting yourself up for disappoint when the reality of day trading hits you. This quiz is very simple. I share with you an image of some results from a day trader and then ask you go form some quick thoughts on them. It's not a trick question or anything of that nature. I simply want you to observe the trading results and form an opinion. After that, we can dig into some of the more important aspects of day trading that will need to be addressed and understood if you want to give yourself a true chance at success as a trader. Let's get to it!

Day Trader Quick Quiz: Check This Out...

Well, the internet can be a vicious place. That makes talking about losing days and trades not very enjoyable. But a losing streak? Oh boy! Buckle up, things might get a bit rough! In all seriousness though, that's what happened to me: a 5 day losing streak! I can't remember the last time this kind of streak happened. Let's be serious, you need to try very hard in order to lose five days in a row, but somehow, I managed to make it happen! I'm sure this will bring out some trolls and armchair quarterbacks, but that comes with the territory of the internet. At the core though, there are some valuable learning lessons and a few tips and tricks I want to share with you. It may sound like a contradiction, but I made several good choices during the losing streak. Sure, I was losing money day after day after day; however, there were some choices I made that proved to be very wise within the overall picture. I want to share this personal case study with you as I believe it can help you learn how to deal better when "tough times" hit. One of the biggest day trader truths that many fail to realize is  that, at times, the market can attempt to break your spirit and will, but you need to keep fighting, but in smart ways! Let me show you what I mean using some of my real life personal day trading results!

My 5 Day Trading Losing Streak... (Day Trader Truths)

When it comes to learning how to day trade, thanks to the internet, you have a whole lot of choices. One of the most common ways that people choose to learn how to day trade is via free information. While I 100% understand this logic and commend people for being cost caring about their money, I would for you to consider a point worth thinking about. Perhaps you will disagree with me, and that's fine, but through my own experience and from the countless horror stories I've heard from beginner day traders (been doing this since 2013), I can say with fully certainty, you need to consider it. Signing up and creating an online broker is the easy part. Pressing buttons to buy a stock or crypto is the easy part. If you want to learn how to make money on a consistent basis however is not easy. This is the part where you need make some big considerations and determine whether "free" is actually "free". Let me show you this big question that needs to be answered.

Learning to Day Trade for Free? Consider This...

If you want to learn how to become a successful day trader who consistently makes money online, there are numerous skills you will need to become good at. When you consider all the skills that are required to make money consistently, I believe the skill I talk about in this video matters the most to day traders. As I say in the video, if I am a total stranger to you, then don't believe me. Go find a day trader that you trust and believe in and ask them if the skill I talk about in the video is important. The importance of this skill also demonstrates why day trading over longer periods of times is so hard. If this skill had to do with an exciting topic of the markets then all of this would be much easier to focus on and take serious; however, this is not the case. The day trading skill I talk about in this video revolves around an extremely boring subject. That's the sneaky part about the markets thought. The "boring skills" are the ones that will make the biggest impact on your ultimate outcomes of trading results. Let mem show you why this skill is so important, and no worries, I won't be talking "in theory". I'll be using some of my personal day trading results to illustrate exactly what I mean!

I Believe This Skill Matters Most to Day Traders

The topic of CFD trading has always been relatively popular, and rightfully so. The financial vehicle of CFD's (contract for difference) are very attractive and offer a whole lot of interesting benefits. The point of my video is not to bad mouth CFD's or those people who trade them, but rather, inform some of you about how they can be very misleading. If you live outside of the USA, then this video does not necessarily pertain to you; however, if you are a citizen of the USA, then please take some time to watch this video so that you are not mislead. In the world of social media, there are lots of traders out there posting lots of impressive results. Whether or not those results are actually real is a whole other conversation, but for the sake of this discussion, let's assume their trading results are genuine. Even if they are real, for us living in the USA, their results are extremely misleading due to a few characteristics that CFD's have to offer compared to trading stocks or options. I want to share these dynamics with you so that when you are forming opinions and structuring trade plans, you can do so with a full understanding and awareness of how CFD's work. This way, you can avoid building up bad trading strategies that are not based in reality! Let's get to it!

CFD Trading Can Be Very Misleading... Here‘s How!

The stock market is essentially a human being. When you stop and think about it, given the market is made up of millions of human beings, it makes sense. Just as humans (well, some of them haha!) have a sense of humor, so does the stock market. In many ways, the stock market is a prankster and you need to learn how to trade smart given this context. There will be many trading situations where you think you have a good trade plan, but the market will cause you to think otherwise. At times, there is nothing you can do about it. The stock market will pull a prank on you and laugh and all you can do is shake your head and laugh also. However, if you want to trade smart, then you need to consider this trading tip I discuss in the video here. The tip is nothing complicated. It's actually very basic and simple to use, but the impact can be awesome! No worries. I will not be "talking in theory". I will use some of my personal stock day trading results that I captured on video as a reference point to help illustrate this lesson. Let's get to it!

The Stock Market is a Prankster: How to Trade Smart

When it comes to day trading (and investing in general), there are numbers involved. Therefore, math is a requirement for anyone who is looking to become a day trader or investor. Let me be very clear, the math requirements are nothing fancy. You don't need a college degree in physics to understand the math required in the financial markets. With all this being said, the math becomes much more complicated in a hidden type of way. In fact, the math can be done for you via spreadsheets and calculators, so you truly do not need to be great at math. The problem that arises is there are several different "types" of math. If you are not aware of how these types of math operate within the market, you are going to experience headaches and frustrations as a trader. As I type this out, I'm thinking this is getting way too confusing and complicated trying to explain with words. So with that being said, all I can really say is do not let these words confuse you, haha! Just watch the video and I will do a much better job of illustrating exactly what I'm trying to describe here!

The Math that Matters Most For Beginning Day Traders

Sometimes trading truths are not the most popular topic in trading to talk about as they can bruise the ego, but if you want to learn how to trade successfully, trading truths are required. One of the key dynamics of trading that you need to understand "how to know" is whether or not you are a sheep or a wolf.  The key part here is being honest with yourself. When you are honest with yourself and can determine if you are a sheep or a wolf, it will put you in a much more powerful situation. If you are a wolf, then great, you have the attitude required and can know you are on the right pathway. If you determine yourself to be a sheep, that's fine too! At this point you'll know you need to begin to make changes and put yourself on a different pathway. You can't fix a problem unless you acknowledge there is a problem in the first place. How do you know if you are a sheep or a wolf? I have a little example for you within the video that will help shed some light onto where you stand in regards to this area of trading. Again, the most important part here is to be honest with yourself so you can truly identify any problem areas that might exist.

Trading Truths: Are You a Sheep or a Wolf? (how to know)

I 100% your thought process is wanting all kinds of trading tools and functionality within your trading platform. I am with you in thinking that trading computers with several monitors and dozens of technical charts look awesome! However, is having all kinds of choices and options as a trader as productive and freeing as it may seem? This is a very common bridge that many traders fail to cross (myself included when I was starting) in a safe way. You would think that in order to have success as a trader you should be operating at maximum flexibility and freedom in terms of choices available, but what does the world of psychology think about this? Believe it or not, jam can help us gain insight into this world of decision making and human psychology. If you are struggling as a trader and just can’t quite seem to pinpoint what the problem is, you better be considering what science has to say about this topic of “choice”. Let’s get to it!

How Many Day Trading Tools Should You Use as a Trader?

The world can be a confusing place at times. There is a particular situation out there that causes me to question why people are not inspired by it. I'm amazed at how two people can look at the same situation and see such different dynamics. While I understand why people would look at this situation and view it a certain way, when you look at it from a wealth building standpoint, it becomes quite inspirational. In my mind it is pure motivation and should tell you just how crazy (in a good way) the opportunities in this world are. Do they take hard work? Of course. All big opportunity and results require hard work so that is nothing new. With that being said, if you are a hard worker and someone who considers yourself a quality worker, then let me present to you two situations. I'll leave the choice up to you in terms of what situation you would want to jump into as a hard worker; however, I believe one situation is much more obvious than the other. Let's build some wealth and get inspired by these opportunities exist!

Why Are People Not Inspired by THIS?!?!? (Wealth Building 101)

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