Top Dog Trading

Can day trading be profitable?

Can it even make you rich, or will it make you broke? The same could be asked for swing trading in any market, whether it's Forex, the stock market, E-minis or futures. Today I answer a question from a frustrated trader who has been trying (unsuccessfully) to be profitable for 10 years!

Enjoy!

Get One of my Favorite Trade Strategies for Free:

“The Rubber Band Trade.”

Today you’re going to get 2 Freebies:

#1. Get one of my favorite trade strategies called “The Rubber Band Trade” which has an extremely high win/loss ratio. It’s a simple trade you can learn in about 26 short minutes. Get my Rubber Band Trade Strategy absolutely free by simply going to: www.topdogtrading.com/rubberband

This trade strategy is so good that I personally use it every day it sets up, and you can try with no obligation, and prove to yourself that it works for you as well.

#2. Get my “Cycle Indicator” for Precision Market Entry Triggers. I use this indicator on EVERY trade I take. It works for day trading & swing trading Forex, futures and the stock markets.

This is a true “try before you buy” offer, or heck, actually, it’s a try and never buy offer, as my gift to you!

Get BOTH of these freebies at the same web page:

CLICK HERE NOW: http://www.topdogtrading.com/rubberband

This is part 2 of an episode that was recorded as a "flow of consciousness" on my mobile phone while driving home from an event that brought up a lot of thoughts.

As you listen to the ideas about money and prosperity I put forth, use this as an exercise, actually a "mirror," to your observe the reactions in your mind. This can provide you with an insight to your own prosperity mentality.

Enjoy!

Get One of my Favorite Trade Strategies for Free:

“The Rubber Band Trade.”

Today you’re going to get 2 Freebies:

#1. Get one of my favorite trade strategies called “The Rubber Band Trade” which has an extremely high win/loss ratio. It’s a simple trade you can learn in about 26 short minutes. Get my Rubber Band Trade Strategy absolutely free by simply going to: www.topdogtrading.com/rubberband

This trade strategy is so good that I personally use it every day it sets up, and you can try with no obligation, and prove to yourself that it works for you as well.

#2. Get my "Cycle Indicator" for Precision Market Entry Triggers. I use this indicator on EVERY trade I take. It works for day trading & swing trading Forex, futures and the stock markets.

This is a true “try before you buy” offer, or heck, actually, it’s a try and never buy offer, as my gift to you!

Get BOTH of these freebies at the same web page:

CLICK HERE NOW: http://www.topdogtrading.com/rubberband

Today's episode was recorded as a "flow of consciousness" on my mobile phone while driving home from an event that brought up a lot of thoughts.

As you listen to the ideas about money and prosperity I put forth, use this as an exercise, actually a "mirror," to your observe the reactions in your mind. This can provide you with an insight to your own prosperity mentality.

Enjoy!

Get One of my Favorite Trade Strategies for Free:

“The Rubber Band Trade.”

Today you’re going to get 2 Freebies:

#1. Get one of my favorite trade strategies called “The Rubber Band Trade” which has an extremely high win/loss ratio. It’s a simple trade you can learn in about 26 short minutes. Get my Rubber Band Trade Strategy absolutely free by simply going to: www.topdogtrading.com/rubberband

This trade strategy is so good that I personally use it every day it sets up, and you can try with no obligation, and prove to yourself that it works for you as well.

#2. Get my "Cycle Indicator" for Precision Market Entry Triggers. I use this indicator on EVERY trade I take. It works for day trading & swing trading Forex, futures and the stock markets.

This is a true “try before you buy” offer, or heck, actually, it’s a try and never buy offer, as my gift to you!

Get BOTH of these freebies at the same web page:

CLICK HERE NOW: http://www.topdogtrading.com/rubberband

3 places your orders can reside:

Your computer

Your broker’s server

At the exchange

Some advantages/disadvantages of each:

Your computer:

Good: protect you from trading blind if your computer or internet service goes down for day traders.

Bad: slower fill

Your broker’s server:

Good: Faster than on your computer. You’ll get you filled even if your computer or internet connection goes down. But that may be good or bad! May want this if you’re a swing trader. May not want this if you’re a day trader.

Bad: Slower fill than if trade went straight to the exchange.

At the exchange:

Good: Fastest fill because you’re earliest in the queue of a First-in-first-out type of system.

Bad: But may be trading blind if have technology problems on your end, and then you can’t get out quick. Or if market conditions change and you decide you no longer want to get filled.

Rules vary depending on your broker, software, the exchange, and the market your trading (stocks, futures or Forex).

It will also vary especially depending on the type of order you’re placing. For example, a stop order may be treated differently than a OTO order, which may be treated differently than Touch if Filled Orders, which may be treated differently than a bracket order, which may be different than a market or limit order. To get all the details in YOUR situation, check the website of your broker, and if you don’t find the answers there, call their support team.

Get One of my Favorite Trade Strategies for Free:

“The Rubber Band Trade.”

Today you’re going to get 2 Freebies:

#1. Get one of my favorite trade strategies called “The Rubber Band Trade” which has an extremely high win/loss ratio. It’s a simple trade you can learn in about 26 short minutes. Get my Rubber Band Trade Strategy absolutely free by simply going to: www.topdogtrading.com/rubberband

This trade strategy is so good that I personally use it every day it sets up, and you can try with no obligation, and prove to yourself that it works for you as well.

#2. Get my "Cycle Indicator" for Precision Market Entry Triggers. I use this indicator on EVERY trade I take. It works for day trading & swing trading Forex, futures and the stock markets.

This is a true “try before you buy” offer, or heck, actually, it’s a try and never buy offer, as my gift to you!

Get BOTH of these freebies at the same web page:

CLICK HERE NOW: http://www.topdogtrading.com/rubberband

Can market makers see where you place your orders so they can "run your stops?"

The specifics will vary depending on whether you’re trading stocks, futures, Spot Forex or Options.

Not only human market makers, but also, and perhaps more importantly, market making algorithms that are programmed to run stops.

It's not most accurate to think of them running stops, but rather seeking liquidity.

Yes, they may see them if they show up in the order book.

One temptation is to work without stops.

Another temptation is to use “soft” stops.

The difference between hard stops and soft stops.

Do major funds cares about your or my small orders?

If you place your stop where a lot of other traders obviously will (at major support/resistance), then that could be a problem.

Don't treat support/resistance as lines, but as zones.

Rules vary depending on your broker, software, market you’re trading, the exchange, and especially the type of order you’re placing. For example, a stop order may be treated differently than an OTO order, which may be treated differently than a bracket order, which may be different than a market order or limit order, etc.

Get One of my Favorite Trade Strategies for Free:

“The Rubber Band Trade.”

Today you’re going to get one of my favorite trade strategies called “The Rubber Band Trade” which has an extremely high win/loss ratio. It’s a simple trade you can learn in about 26 short minutes. Get my Rubber Band Trade Strategy absolutely free by simply going to: www.topdogtrading.com/rubberband

This trade strategy is so good that I personally use it every day it sets up, and you can try with no obligation, and prove to yourself that it works for you as well.

This is a true “try before you buy” offer, or heck, actually, it’s a try and never buy offer, as my gift to you!

This is the part 2 of a long discussion I had with David about his new journey into day trading the stock market. It became a very organic and spontaneous discussion with many unexpected turns including:

How techniques for attracting women apply to trading.

How an individual’s unique personal history influences their trading success or failure.

What you can learn from Bill Belichick about trading stocks.

… in fact we ended up talking quite a bit about football (American football that is).

In this podcast you’re getting an inside, candid, personal, informal, even voyeuristic experience between David & I. Sit back and enjoy!

ABOUT DAVID WYGANT

David is a Life Changer, Social Strategist, Dating & Relationship Coach.

1.7 million men & women go to him every month to find the secrets to success. After 20 years of coaching, he’s discovered the golden keys to success in dating, business, health and wellness, and life.

He’s helped millions of men and women around the globe achieve success in their dating, social and personal lives. Some say he’s nuts, others say he’s changed their life forever. One thing’s for certain: he’s always candid and real, never sugar coating anything.

Visit David’s website and access all his free reports, blog posts and podcast at https://www.davidwygant.com/

 

Get One of my Favorite Trade Strategies for Free:

“The Rubber Band Trade.”

Today you’re going to get one of my favorite trade strategies called “The Rubber Band Trade” which has an extremely high win/loss ratio. It’s a simple trade you can learn in about 26 short minutes. Get my Rubber Band Trade Strategy absolutely free by simply going to: www.topdogtrading.com/rubberband

This trade strategy is so good that I personally use it every day it sets up, and you can try with no obligation, and prove to yourself that it works for you as well.

This is a true “try before you buy” offer, or heck, actually, it’s a try and never buy offer, as my gift to you!

David Wygant is a life and relationships coach who reaches over 1.7 million people every month. Recently he set out to master the profession of day trading the stock market.

In this episode I talk to David about his new journey and it was a fascinating discussion. It became a very organic and spontaneous discussion with many unexpected turns including:

How techniques for attracting women apply to trading.

How an individual's unique personal history influences their trading success or failure.

What you can learn from Bill Belichick about trading stocks.

... in fact we ended up talking quite a bit about football (American football that is).

In this podcast you're getting an inside, candid, personal, informal, even voyeuristic experience between David & I. Sit back and enjoy!

ABOUT DAVID WYGANT

David is a Life Changer, Social Strategist, Dating & Relationship Coach.

1.7 million men & women go to him every month to find the secrets to success. After 20 years of coaching, he's discovered the golden keys to success in dating, business, health and wellness, and life.

He's helped millions of men and women around the globe achieve success in their dating, social and personal lives. Some say he's nuts, others say he's changed their life forever. One thing’s for certain: he’s always candid and real, never sugar coating anything.

Visit David's website and access all his free reports, blog posts and podcast at https://www.davidwygant.com/

 

Get One of my Favorite Trade Strategies for Free:

“The Rubber Band Trade.”

Today you're going to get one of my favorite trade strategies called "The Rubber Band Trade” which has an extremely high win/loss ratio. It’s a simple trade you can learn in about 26 short minutes. Get my Rubber Band Trade Strategy absolutely free by simply going to: www.topdogtrading.com/rubberband

This trade strategy is so good that I personally use it every day it sets up, and you can try with no obligation, and prove to yourself that it works for you as well.

This is a true “try before you buy” offer, or heck, actually, it’s a try and never buy offer, as my gift to you!

Rande Howell Interview: Mastering Trading Psychology

This interview with Rande Howell from "My Trader's State of Mind" is one of the most insightful and interesting I've ever heard about trading psychology.

Rande Howell, Trader Psychologist, has more than 15 years of practice as a licensed therapist and performance psychology coach.

His work centers on how to break the fear-based, self limiting patterns to which the brain adapts us for survival and how to reorganize the self to a higher level of functioning. This is accomplished by learning how to manage biological fear (and its impact on thought) and thus access much more empowered parts of the self that shift our capacity for positive performance.

Rande’s work teaches you how to change the way you understand and work with your biology; which allows you to succeed in regulating your emotions and breaking out of life-limiting patterns (really important in trading success). His emotional regulation training has been used to treat violent prisoners, break the cycle of domestic violence, and free people from the limitations of fearful thinking.

His work has appeared in many venues and he is the author of 3 books, including "Mindful Trading: Mastering Your Emotions and the Inner Game."

Visit Rande's website and access all his free e-Book, articles, videos and webinars at https://www.mytradersstateofmind.com 

You can also contact Rande directly at [email protected]

 

Get my free gift for you, for FREE, Top Dog Trading’s

“Top 10 Trading Rules for Success.”

These are 10 things I changed in my trading to become successful over the last 50 years. They’re also the top 10 things that have helped my students shift from losing money to making money.

Bottom line, no general theories or abstract ideas here. This is the practical stuff that can really work to bring real and dramatic change to your trading results.

It’s a mini-course that contains a pdf Special Report and 3 videos. Get right now by simply going to: http://www.onlinetradingtowin.com/tenrules

Go get it for free while the show is still new.

WHAT'S THE BEST TIME INTERVAL FOR DAY TRADING?

THE 5 RULES:

The size of your trading account. Can’t risk more than 2% of your trading account on any one given trade.

This is from entry to protective stop.

If holding overnight, then is risk of your hedge.

Keep going smaller in time interval, and find what the risk is on 80% of those trades and if it’s more than 2%, then you have to go to a shorter time interval.

Avoid the noise. Make sure your patterns and trade setups are happening consistently and that it’s not too short of a time interval.

How much time do you need to see your setup, analyze the setup, and execute the trade with confidence.

This may change over time as you get more comfortable with your trading method.

Your psychological need for trade frequency.

Shorter time intervals give you more trades. Getting bored and distracted is a big problem in trading.

The average daily volume of the market you’re trading. The more volume it trades …

The more volume it trades …

The faster time interval you can use.

But with tick charts, if your tick interval is too fast, then the triggers go by before you can enter them.

The less volume it trades …

There’s more noise on a smaller time interval.

On tick charts, you will get more trades if you use faster tick intervals. 

Get my free gift for you, for FREE, Top Dog Trading’s

“Top 10 Trading Rules for Success.”

These are 10 things I changed in my trading to become successful over the last 50 years. They’re also the top 10 things that have helped my students shift from losing money to making money.

Bottom line, no general theories or abstract ideas here. This is the practical stuff that can really work to bring real and dramatic change to your trading results.

It’s a mini-course that contains a pdf Special Report and 3 videos. Get right now by simply going to: http://www.onlinetradingtowin.com/tenrules

Go get it for free while the show is still new.

The other day, I was asked “How can a little guy like me make money in the markets? Is it even possible?”

I understand the question. In a world where power is controlled by:

Big government.

Big business.

Where big money talks and can even buy you justice in the courtroom.

It can be hard to believe that people like you and me stand a chance.

People root for underdog.

David vs. Golliath.

Mom and Pop shop vs. Walmart.

Rocky Balboa vs. Apollo Creed.

In trading perhaps the Institutions vs. the Retail Trader (you).

On numerous occasions I’ve had people “How can the little guy make money in the markets?”

You feel they have unfair advantages.

That the markets are “fixed.”

The markets are manipulated by the big money.

Bottom line – you’re making excuses for yourself.

So we seem to have it in our nature to root for the little guy or the underdog.

Study done by Joseph Vandello of the University of South Florida: We tend to assume that the underdog has better personal character.

This is why in Presidential elections the candidates FIGHT to be viewed as the underdog!

In the most recent presidential election here in the US:

Even after a strong performance in Iowa, and he went way up in the polls, CNN anchor Anderson Cooper asked Bernie Sanders if he still considered himself an underdog. Sanders seemed upset and answered “Of course I’m an underdog.”

Hillary Clinton, though part of the establishment of Washington insisted she was an underdog because she was a woman.

Donald Trump insisted he was an underdog because he wasn’t part of the political establishment.

In the 2008 election, both Barack Obama and John McCain referred to themselves as underdogs!

Vandello found that between 2/3 to ¾ of people are susceptible to the underdog phenomena.

Possible explanations:

Our enjoyment of drama and excitement.

Our quest for fairness.

Do you root for the underdog in sports, biz, etc. because you identify with them yourself as a bit of an underdog in life. Why? RELATE to them. That is YOUR self-identity.

Many of us feel under-compensated on the job, in relationships, etc. We feel we’ve worked hard and aren’t rewarded enough.

I’m going to challenge you.

Crabs in a Barrel Example: When harvesting crabs and putting them into a barrel, the group will pull  back those about to get out.

We see this in humans too. People become jealous. Someone else getting out of the barrel takes away our excuses. We’d rather pull others down than to pull ourselves up and then help others get out. Out of spite or envy we try to halt the progress of other so we all stay on the same level, even if it’s to our own destruction.

Back to the title of this podcast: “How the Little Guy Can Make Big Money in the Market.”

They can’t!

The “little guy.” Don’t be that – you want your wife to call you the “Little Guy” in bed?

Mr. America: “don’t wish it was easier, with you were better.”

This has nothing with how much money you have. It has to do with your self-image. If you have the right self-image, even though you don’t have the money, you’ll get the money.

CHANGE YOUR SELF IMAGE NOW!!!

Your check will only be as big as you are. So don’t be a frickin piker!!!

I understand how this can be challenging specifically in the world of trading.

Large firms are allowed to:

Rent floor space at the exchanges to put their computers between you and the exchanges computers.

Buy and Sell in “Dark Polls” so their price and volume don’t show up on your charts in real-time.

Engage in high-frequency trading with mind-numbing computer power and speed using the best of the best mathematical and computer geniuses to create superior algorythms.

In addition, they often use microwave technology rather than fiber optics so they gain literally nano-seconds over you and I, and to arbitrage between currencies, countries,