If you really want to make money you will need to start trading with more than one contract at a time, but that also carries with it some risk.

Remember that with every contract your margin cost rises and your loses double up.

What does it take to trade more than one contract, listen and see what I think you need to be successful..

When learning how to trade you find that there are all kinds of studies to look at to help get the edge on your trading. Here are some suggestion when being introduced to those new studies, and how to treat them, hopefully you can find the one that make the difference for you.

When setting stop we all know that we should set stops up so if it goes against you that you get out of the trade with the least amount of loss. But what about trading with a stop so you know how much you are going to make, so you are trading on both sides with a stop.

What I want to suggest to you is a way to look at how day trading can change your life, one small bite at a time, and maybe replace your career, interested?

In this day discussion we talk about how we help coach new traders and how what is provide. Listen to our description and if you need the help, let us help you become a successful day trader.

It is so Important to know how to use your trading platform, it can cost you a lot of money if your don't.

Students tell me that after a couple of weeks of learning technical trading and setup there platform that they are ready to trade live, I don't think so....

Well when I say morning warm up and I talking about doing some paper trading to see what level my focus is for the day.

Have you thought about how you find out is you are ready to trade for the day. If just jumping in a live trading for the day is what you do, then you may find some days you just aren't ready to trade, and that is expensive.

With the weekly options that we are trading Friday has been very,very good to me. Why you ask?

The most important part is that Friday the options prices are at a all week low and you can get in cheaply.

My podcast has some suggestion for you on what to do, to prepare for Friday (lottery day) trading.

Here is what I do to be ready for the next days trading.

You need to have a process setup so that you know what to expect for the next day so you can be successful in your trading.

When you want to get really good at something the best way to do it, is to review what you did and stop making the those mistakes. So record your trades and go back and see what you did and why you did it and you will improve your skill quickly.