$hortening the Day Trader Learning Curve

By Joseph Moneta

Read this Joseph Moneta book on your PC, Mac, smart phone, tablet or digital device or in paperback.

The learning curve for most brand new aspiring investors and traders can be long and very expensive if they begin the wrong way. $hortening the Day Trader Learning Curve is aimed at giving the beginning information you will need to cut down that long learning curve and get you going down the road to consistent profitability in the financial markets faster.

Brand new investors, swing traders and also position traders and investors have a tendency to come into the financial market trading business with unrealistic expectations of how much money they can make from trading. $hortening the Day Trader Learning Curve will help new aspiring investors and traders understand what is needed right from the very start of your financial market trading and investing business from day one. Make no mistake the market is not some game, it is competition at the highest level and your opponents are the best traders in the world and they are looking to drain your capital account on a daily basis, are you going to let them do that?

By the time you have completed reading this entire book you will know what is needed of you to make it in this business. Then it is up to you to take what you have read in $hortening the Day Trader Learning Curve and capitalize on it in your education and in the live market so you can begin to make money right away. $hortening the Day Trader Learning Curve gives you clear concise information that you can use right away to begin making money if you follow what is said here. You can make a fortune in the live financial market if you start off the right way from the first day with the right information. No one wants to learn a bunch of unrealistic information that won’t make them money in the live markets right?

No one is making you get into the trading business so I encourage you to read and absorb the information given here in $hortening the Day Trader Learning Curve then perhaps do more data mining on your own if you want to make money quicker than your competition. Brand new traders are their own worst enemy in the market when they first start out and that is because they have done all of the wrong things to start off. $hortening the Day Trader Learning Curve gives you examples of what and what not to do to expedite your learning curve and I strongly encourage you to follow what it says in here if you are a beginner with zero experience if you want to be consistently profitable in today's financial markets right away.

• Language: English
• Publisher: Joseph Moneta
• Release date: Oct 18, 2015
• ISBN: 9781516309146

Book preview

$hortening the Day Trader Learning Curve

How to Make Money Faster for Beginners

By Joseph Moneta

Copyright 2015

Why this book is unique

How to $horten the Beginner Day Trader Learning Curve is unique because it details everything a brand new investor or trader needs to know to get started making money right away all in the same place at the same time.  How to $horten the Beginner Day Trader Learning Curve pretty much gives you that PIN# we were just talking about. It is giving you the who, what, why, where, and when. Now it will be up to you to do what needs to be done to become successful. No one is going to get you there except you so you have a lot of work to do.

I encourage you to read this book once or twice before you start doing more research. You could take some notes and then follow up with more information gathering by utilizing the clickable links provided in the book. There is no time table set in stone for you to get started so you can take your time. The market is going to be there tomorrow waiting to pay you however you will need the right information to get paid.

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Who I wrote this book for

I wrote How to $horten the Beginner Day Trader Learning Curve for all the new and upcoming aspiring day traders, swing traders and investors who are coming into the business and have zero or very limited knowledge. I know you have probably read this before however I feel I owe you the best information so I will say it again right here, investing and trading is not a get rich quick business.

While the market is like a big ATM that is open 24 hours a day if you don’t have the right PIN# your money will get sucked into it and learning to trade on demo is not some video game. If you are going to make the decision to learn this business than you had be learn it the right way the first time from the first day.

Make no mistake this is a dead serious business and you should treat that way. You as a retail investor or trader have a limited chance of having a positive outcome in the live market against the best market participants in the world not to mention having to try to make money from the machines. It is said that 70% of the market making is done by super computers now and they work in nanoseconds, can you?

The only way you as a retail investor and trader can make a comfortable income from the market is to educate and train yourself to do so the right way. You honestly don’t any fancy courses, indicators or a big fancy computer. I use my 17" HD laptop to work from I the market and that is it. You need to get the right information from the first day in order to the get the right start.

Learning the right information needed to get started is one of the most critical steps to be a successful market participant over the long term. No one wants to study a lot of information only to find out sometime later that all they needed to know was right there on the chart to begin with.

By the time they realize they have wasted a lot of time and perhaps money on courses and training or books it is very far into their career and business. This only adds to what can be a stressful business as it is anyway. Another thing that happens is that a lot of bad habits can be developed along the way that when brought into a live market situation can be problematic and cause an investor or trader to begin to lose money right away. No one wants that, so let’s get you started the right way then.

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How this book is set up

There is a certain learning progression that all brand new investors and traders should follow and this book is written in the way that I feel that progression should be learned. You can learn it however you see fit however I am telling that should you miss something from have skipped around or having gone to fast you can lose some of your risk capital or perhaps all of it. Quickly!

I spent about 18 months day in day out on my learning curve. I studied investing and trading on days, nights, weekends and even holidays. I thought I was ready so I went in the live market and promptly lost 2 thousand real dollars. All I can say here is take your time and learn only what you need to know that will make you money right away and that will make you consistently profitable on a daily basis. I took me 5 years to get to that level of proficiency to become a professional investor and trader, this book can hopefully cut down your learning curve if you are brand new.

While I do not recommend day trading, it is possible; however, it requires a lot of time, preparation and a large amount capital. I know very few successful day traders. Making a living from day trading is very hard unless you have a very large capital account and can trade size. What do I mean by a large capital account size? I mean a minimum of one hundred thousand or more dollars to start. This is really the only way you could make any real money by trading intraday.

That is one tip I can give you at this point, keep it simple and it will be. I don’t day trade anymore and I don’t recommend you do either. I know you won’t listen to me at least for now and you will day trade so just learn it the right way from the start if that’s what you want to do.

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How this book can be used by you right away

There are links to some references in the book which I have made clickable for your ease of use. All you need to do is click on the link and it should take you directly to the information in the reference. I encourage you to do more research on your own after having read this entire book once or twice.

The information in this book can give you a head start on your education and training. It will be up to you to follow the advice in the book though. There are lots of decisions to make before you even learning anything or study anything. Again I will say I recommend you take your time and do this the right way from the first day. Doing it any other way can and will get you FUBAR.

Here is one more tip I will give you before you get going. If you are going to day trade and trade live with real money and you have only been studying investing and trading for less than one year I recommend you only trade micro Forex or micro-cap stocks, you can do this on an account size of 500 dollars and still be in the live market making real trades with real money. You won’t make a lot of money however it will give you a taste of the live market environment both good and bad.

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Table of Contents

Why this book is unique

Who I wrote this book for

How this book is set up

How this book can be used by you right away

Why the trading learning curve is so long for beginners

Why 97% of brand new day traders fail and lose all their money

Begin at the beginning with the end goal in mind

Why money management is important to learn first

Get to know your trading self

The most important things you need to know right away are chart reading and price action

What style of trading will you use?

Why you must use a rule based plan and always follow it

How you can profit from others mistakes

When will you pull the trigger?

My final advice to new beginner traders

Bonus section

Extra links

Glossary

Disclaimer

Why the trading learning curve is so long for beginners

Becoming a successful self-directed trader is easier said than done. I had some quick success when I started. Then I lost a little money for a while. It can be a roller coaster so you'll need to have a strong stomach to handle the ups and downs.

It is funny to me now because the learning does not really have to be that long. Unfortunately brand new traders make it hard on themselves by having unrealistic expectations upon entering the business. The average time frame that it takes someone to go from starting with absolute zero knowledge and learning the business from scratch to consistently profitable on a daily basis is in the neighborhood of 3-5 years.

I liken doing training for day trading to driving a Formula One race car. You cannot just get in the car and drive it. You must learn all the technical aspects of how the car operates first. To get into this type of car without knowing what to do could cost you your life. 

Another example I can give is learning to be a neurosurgeon. You can’t just read some books, take a few courses perhaps, and then walk into an operating room and start doing brain surgery. It is more like 8-10 years of continuous very rigorous training and hands on application.

The same applies for learning trading. You first need to become familiar with chart reading, price action, how the trading platform you are using works and how to execute a position, place a stop loss order and exit order on the given platform. This list can go on and on for a long time depending on how much you want to learn. The result of not doing the proper preparation in this business though is that you lose all your money.

It is my hope that by releasing How to $horten the Beginner Day Trader Learning Curve in this way, a new investor and trader will be able to learn what they need to know. Save your time and money by engaging in the market the right way, the first time. There is an endless amount of information out there on investing and trading. However, no one breaks down the information for people who have zero experience. The way I am releasing the information will cut down your learning curve, should you decide to make a go of it in this business. This gives you an excellent chance of succeeding right away.

Most of the investing and trading books available assume that people already know how to invest and anticipate market trends. This book and the rest of the books in the book series make no such assumption. They are