SafeDay Trading

SafeDay Trading

By Mark StowersBusinessInvesting
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SafeDay Trading episodes

  • Issue 22 - Silver in 2015
    In 2015 it looks like Silver is the bell weather for what is happening in the market. The real questions is, is Silver happening because it's a precious metal or a need in the manufacturing process.
    What will happen in either case to the price.
    5 min
  • STD Podcast Issue 19 - Making Money off of Time
    Theta Decay is a term for the value of time and as a options trader you can trade on then time and make money from it.
    What happens is that the value of time eats away at the option price you can make money from that decay and do it as easier than trading stocks or futures, let me describe it to you in this podcast.
    6 min
  • Issue 18 - Being Honest with Yourself
    As you start to trade, are you being honest with yourself, have done the paper trading, have your started small , do you have a money management plan for your trading. Well if your not honest with your self I can promise you you will lose money and it could get very expensive for you.
    Do your homework, think about your trading and develop a conservative mentally and you will success.
    7 min
  • Issue 17 One of the Most Profitable Averages
    The Simple Moving Average 8 is one of the most profitable averages for your to use. By watching the candlesticks and as they move if they stay outside the 8 you can get more profit then your think.
    I will explain why in this podcast you need to watch it as your trading.
    6 min
  • Issue 15 - Dealing with Fear and Greed
    In today’s podcast we will talk about Greed and Fear and how they affect you as a trader.
    These two emotion cause so much havoc even for the experienced trader. Everyone wants to make as much money as possible but then gets out too early before the direction changes.
    How many of us as traders have stayed in too long and watched our profits decline. All the while thinking the trade would turn back in our direction.
    Or getting out too quick and watching the call we made continue in the predicted direction for a substantial amount after we closed the trade.
    Both Greed and Fear can make us highly frustrated and then we start taking risk we shouldn't and then lose any ground we made.
    How do you solve this, discipline is the best mantra.
    "Plan the Trade and Trade the Plan"
    8 min
  • Issue 14 - Increasing the Size of Your Trades
    "More Money" how do I make more money trading. Well you make more money by increasing the sizes of you trades, what that means is that you go from 1 contract to 2 contracts and continue adding more contracts to your trading.
    By adding another contract you are increasing your profit but you are also increasing the size of your risk and potential loss.
    One point to consider if you trade and you end up down $100 on a specific trade and then you work your way back up to say plus $100 that would be on one contract. Now on that same trade if you were trading 2 contracts then you were down $200 and need to get back to the plus column. It’s a little more nerve racking if you confidence level is low.
    Best advice I can give you is PRACTICE. Get good at 1 contract with consistent wins for a long period of time before you start adding contracts. This will really help your trading and your confidence.
    8 min
  • Issue 13 - How Long Will It Take
    A question I get asked by some of my students, how long until I am successful at trading. It's a tough question to answers because it depends on your definition of success, and everyone is different. What is your risk tolerance? How well you follow the rules, your discipline, and time… you may have made profit yesterday but not today.
    For me my definition of success is consistency. No one will ever be right on every trade 100% of the time. But you should have as a goal to consistently be right 60 70% of the time. And also you are able to keep your losses very small in comparison to your wins.
    You have to make a commitment to learn, implement and at times you will see a negative trade the key is to fail forward to be successful. You must seek to understand what happened with each trade.
    It's a long process and you need to find that comfort zone, of when to trade, what to trade and how long to trade.
    Once you are comfortable then your confidence will start to build and you will increase your success.
    7 min

About SafeDay Trading

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SafeDay Trading focuses on teaching our students how to trade the financial markets short term. The goal of our program is to make learning short term trading (or in other words day trading) easy, exciting, and fun while giving you the student the highest quality of education possible.