RankingMastery Podcast

How do it get started trading stocks the best way?

Link: https://rankingmastery.com/edit_questions.asp?action=info&id=730&a=8379&p=631

Answer is: I found a mentor by the name Jared Wesley who is actually now my partner. At the time he was teaching one of his programs, an online course. I was a student just like you. I attended a webinar. I signed up for a course.

I actually executed on everything that he was teaching me. I had an open mind. I had the willingness to learn; which is again an important characteristic that you need to have as well.

You need to have an open mind and you need to have the willingness to learn.

I was coachable. I followed all of his advice and all of his strategies. He told me what to do and more importantly he also told me what not to do and the pitfalls to avoid; pitfalls such as your own emotions, right? Fear, greed, the lack of discipline, accountability... All of those things are really important in making it in trading.

The best way to get started is to find a coach or find a mentor who already has the results that you want.

You have to become disciplined and that's where coaching and mentorship and accountability comes in.

Watch on Video: https://www.youtube.com/watch?v=Sm2Ki6hCA1Y

Listen on RankingMastery podcast Episode Name: How do it get started trading stocks the best way??

iTunes: https://podcasts.apple.com/us/podcast/how-do-it-get-started-trading-stocks-the-best-way/id1500645610?i=1000475997750 Spotify: https://open.spotify.com/episode/6AB10oyogUMDmXvsizZ0KZ

We hope you learned something of value from this video. To reach Anmol Singh with livetraders.com directly goto: livetraders.com or email them at: [email protected]

Do you want to get discovered on the web like all or our Guests RankingMastery Podcast Goto the RankingMastery website at https://rankingmastery.com

How many of my trades do I need to win in trading?

Link: https://rankingmastery.com/edit_questions.asp?action=info&id=729&a=8379&p=630

Answer is: No professional trader wins 100% of the time. That doesn't exist. You cannot win every single time. There's got to be losing trades.

Personally, I win maybe 50% of my trades or 60% of my trades. I actually lose about a half the trades that I take. A question you might ask is "Well, how do you make money if you win half and you lose half?" Well, guess what? That's where probability comes in. When you lose - let's say you lose $100 per trade or when you win, if your winners are making twice the loser (for example: every winner is making $200 but every loser is only losing $100) if you win half your trades you're still right. You're still going to be profitable.

That's the key to understand trading - is a higher win rate is not important to become a successful trader. What's more important is that you get the most out of your winners and you cut your losses short.

Watch on Video: https://www.youtube.com/watch?v=ARqYCLED31s

Listen on RankingMastery podcast Episode Name: How many of my trades do I need to win in trading??

iTunes: https://podcasts.apple.com/us/podcast/how-many-of-my-trades-do-i-have-to-win-in-trading/id1500645610?i=1000475997754 Spotify: https://open.spotify.com/episode/4IgUzMFPE0IAZFGWptaP6p

We hope you learned something of value from this video. To reach Anmol Singh with livetraders.com directly goto: livetraders.com or email them at: [email protected]

Do you want to get discovered on the web like all or our Guests RankingMastery Podcast Goto the RankingMastery website at https://rankingmastery.com

Should I follow news to trade stock?

Link: https://rankingmastery.com/edit_questions.asp?action=info&id=728&a=8379&p=629

Answer is: The charts will tell you what's going to happen, whereas the news will tell you what already has happened. By the time you look at the news or you read the news, that information's already out there.

"Follow the chart" is the best way you can learn because the charts will tell you what's going to happen and we have strategies and tactics that help you foresee what might happen; and oftentimes you'll notice that news comes after the chart has started to turn.

Get good at reading the charts and technical analysis and that's what will give you an edge in your trading.

The way you can do that, the way you can learn those strategies and the way you can get good at reading the charts is by going to the website livetraders.com where you can download my free eBook. I'll let you download it for free.

Read it and get a good understanding of how the markets work and then you get all of our content on YouTube.

Watch on Video: https://www.youtube.com/watch?v=Bkn8wlti7Ww

Listen on RankingMastery podcast Episode Name: Should I follow news to trade stock??

iTunes: https://podcasts.apple.com/us/podcast/should-i-follow-news-to-trade-stock/id1500645610?i=1000475997752 Spotify: https://open.spotify.com/episode/6UeHhybOGTAIawtIojv5Bg

We hope you learned something of value from this video. To reach Anmol Singh with livetraders.com directly goto: livetraders.com or email them at: [email protected]

Do you want to get discovered on the web like all or our Guests RankingMastery Podcast Goto the RankingMastery website at https://rankingmastery.com

Description

How long does it take to succeed in trading stocks?

Link: https://rankingmastery.com/edit_questions.asp?action=info&id=727&a=8379&p=628

I have seen some people who have really immersed themselves into the content, really dive in and really focus on learning. To those people, they get it in 3 months to 6 months.

And then there are some people who have a job and they can't trade all the time and they only have a few hours to really devote to their learning. For them, it usually takes a little bit longer. Right? 9 months to 12 months. 

Watch on Video: https://www.youtube.com/watch?v=VAV8xnKUk1Q

Episode Name: How long does it take to succeed in trading stocks??

iTunes: https://podcasts.apple.com/us/podcast/how-long-does-it-take-to-succeed-in-trading/id1500645610?i=1000475997751 Spotify: https://open.spotify.com/episode/1VYuua3F8mRv6qGuRWS76Z

We hope you learned something of value from this video. To reach Anmol Singh with livetraders.com directly goto: livetraders.com or email them at: [email protected]

Do you want to get discovered on the web like all or our Guests RankingMastery Podcast Goto the RankingMastery website at https://rankingmastery.com

Can I trade stocks part time?

Link: https://rankingmastery.com/edit_questions.asp?action=info&id=726&a=8379&p=626

Answer is: "Hey Anmol, I already have a job. Right? I already have a business. I don't have the time to devote to trading full time. So can I trade on the side?"

You can absolutely trade on the side. In fact, we have thousands of students trading all over the world that have their own business, they have their own job, but they have a few hours to be able to do trading and they can still trade part time.

One is day trading, where you're trading in and out every single day. Now that requires for you to be on your desk in the morning, in the trading hours.

However, if you just want to trade on the side, there's a certain form of trading called swing trading. Swing trading is where you hold the stocks for a few days to a few weeks and you're not really watching it every single time and every single move. You have your orders, you have your levels that you're going to decide to get in and get out at. You are simply following that trading plan.

So if you'd like to learn more about trading, if you want to get started in trading and you want to trade part time, visit livetraders.com and get started with our free Trader's Guide to Success that you can download right now.

Watch on Video: https://www.youtube.com/watch?v=nIHTtGHedZE

Listen on RankingMastery podcast Episode Name: Can I trade stocks part time??

iTunes: https://podcasts.apple.com/us/podcast/can-i-trade-stocks-part-time/id1500645610?i=1000475997753 Spotify: https://open.spotify.com/episode/7bBTlo3IUxQVzT8y8afXzd

We hope you learned something of value from this video. To reach Anmol Singh with livetraders.com directly goto: livetraders.com or email them at: [email protected]

Do you want to get discovered on the web like all or our Guests RankingMastery Podcast Goto the RankingMastery website at https://rankingmastery.com