Day Trader Reacts: How I Lost $350K Day Trading Stocks by TechLead

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@TechLead ‘s video- How I lost $350K day trading stocks and what I learned from it

Today we’re discussing TechLead’s loss of $350,000 from day trading in 2014 (with TechLead’s permission). TechLead dabbled in trading commodities ETF’s, specifically precious metals such as SIVR, RJA, RJI. Commodities had a good initial uptrend in the first half of 2014. However, the multi-month again was beaten down and trend reversed. This is known as the Commodities price shock 2014. Unfortunately, he was caught with a huge long position during that reversal, in which the prices of global commodities dropped -38%.

Here are some lessons all beginner day traders should learn from TechLead’s experience:
1. Never baghold your losers, or even worse, average down to a losing position
2. Follow your stops. Risk management is key in day trading
3. Don’t get too overconfident with beginners’ luck day trading
4. Don’t start doing the research or analysis after you’re already underwater. You’ll become even more biased and hold on to your loser longer.

References:
https://en.wikipedia.org/wiki/Commodity_price_shocks
https://blogs.worldbank.org/developmenttalk/where-commodity-prices-are-going-explained-nine-charts
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What Is A Stock Day Trader, Day Trader Reacts: How I Lost $350K Day Trading Stocks by TechLead.

Forex Online Trading? How To Check A Forex Trading Strategy

You stand there with 15 pips and now the market is up 60. You then require to see if the chances are on your side with the breakout so you examine price momentum. This strategy is simple and it is not made complex in any way.

Day Trader Reacts: How I Lost $350K Day Trading Stocks by TechLead, Get more full videos about What Is A Stock Day Trader.

Variety Trading Secrets

You might take one take a look at it and think it is rubbish. What were these basic analysts missing out on? More typical indicators include: stochastic, r.s.i, r.v.i, moving averages, candle light sticks, and so on.

Swing trading in Forex, is among the finest methods to make money in currencies and the reason is – its simple to comprehend, enjoyable and amazing to do and can make substantial gains. Let’s look at the reasoning behind Forex swing trading and how to make routine earnings.

Some these “high leaflets” come out the high tech sector, that includes the Web stocks and semiconductors. Other “high flyers” come from the biotech stocks, which have increased volatility from such news as FDA approvals. Due to the fact that Stochastic Trading there are fewer of them than on the NASDAQ that trade like a house on fire on the best news, after a while you will acknowledge the symbols.

The 2nd significant point is the trading time. Typically, there are specific time durations that are ideal to get in a trade and period that are tough to be profitable or really dangerous. The risky time durations are the times at which the rate is fluctuating and challenging to forecast. The most dangerous period are the periods at which economy new are occurred. Due to the fact that the cost can not be forecasted, the trader can get in a trade at this time. Likewise at the end day, the trader should not enter a trade. In the Forex market, the end day is on Friday.

Resistance is the location of the chart where the price stops increasing. No new highs have been satisfied in the last couple of Stochastic Trading sessions and the cost is in a sideways instructions.

Simplicity. A Forex Stochastic Trading system that achieves success is likewise simple. Get too made complex with too many rules, and you’ll simply be slowed down. Basic systems work far better than complex ones do, and you’ll have a much better possibility of success in the Forex market, in spite of its fast lane.

How do you draw trendlines? In an up pattern, link 2 lower highs with a line. That’s it! And in a drop, connect two higher lows with a straight line. Now, the slope of a trendline can inform you a lot about the strength of a trend. For instance, a high trendline shows severe bullish mindset of the purchasers.

Position the trade at a stop loss of approximately 35 pips and you need to use any of these two techniques for the purpose of making profit. The first is apply a great threat to a rewarding ratio of 1:2 while the next is to utilize assistance and resistance.

Pick the exchange that is finest fit to your trading background and your intended area of expertise. Breakouts are merely breaks of essential assistance or resistance levels on a forex chart.

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