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    Day Trading IS Day Gambling
    Day Trading IS Day Gambling
    Day Trading IS Day Gambling
    Ebook111 pages2 hours

    Day Trading IS Day Gambling

    By Mar Ketmaker

    5/5

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    About this ebook

    It is huge step when you make the decision to become a day trader. Most brand new self-directed traders are getting into this business because they think they can make quick money and become rich beyond their dreams. While that may be true, it is not as easy as one thinks and certainly will not happen as soon as one thinks. There are only two groups of people who are doing business in the markets, the professionals and the retail investors and traders.

    New traders have no idea they are entering a business where there are people in the live market who will walk over dead bodies to make money. They are entering a business where the smart money in the business are looking to drain your trading capital account on a daily basis and most of the time they do because new people come into the business unprepared or at best under prepared as well as underfunded and have not developed a trading edge before they enter the market with real money.

    New self-directed traders prefer smaller time frames because that is what they are conditioned to think is the best way to trade. Just remember, the lower you go in time frame the more you are actually dramatically increasing your risk because you end up trading nothing but noise. Why would you want to do that, increase your risk?

    This book is the most brutal book about day trading a beginner will ever read and has information that professional traders don’t want you to know about because brand new self-directed traders just entering the business are who the professionals make all of their money from. This book is meant to be encouraging and deterring at the same time for the brand new trader who is wandering wide eyed into the shark tank called the financial market and hopefully once you have read the entire book you will be frightened enough to rethink your day trading game plan for making money.

    LanguageEnglish
    PublisherMar Ketmaker
    Release dateJan 18, 2017
    ISBN9781386608004
    Day Trading IS Day Gambling

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      Book preview

      Day Trading IS Day Gambling - Mar Ketmaker

      Day Trading IS Day Gambling

      The Harsh Reality of Day Trading

      By Mar Ketmaker

      Copyright 2017

      Table of Contents

      Brand new traders beware

      The 3p’s pay high profits

      The undisciplined common trading mistakes all new traders make

      Important factors for trading rookies – know why you’re doing it

      You can be wrong you just can’t stay wrong – money management is what makes money

      You need a plan not a hopium pill or a rosary

      The Pitfalls of demo trading – why new traders lose all their money

      Easiest Fastest tips for trading – use EOD signals with S&D

      3 things that will help you win more trades – large PM, correlation, confluence in signals

      You must overcome the fear of pulling the trigger on a trade

      The sheer brutality of trading as a beginner

      Best part of the trading lifestyle

      A few pro tips to increase your winning percentage

      Extra links

      Glossary

      Disclaimer

      Brand new traders beware

      It is huge step when you make the decision to become a trader. Most brand new traders are getting into this business because they think they can make quick money and become rich beyond their dreams. While that may be true, it is not as easy as one thinks and certainly will not happen as soon as one thinks. There are only two groups of people who are doing business in the markets, the professionals and the retail investors and traders

      Most books classes and seminars are weighed down with conventional trading analysis which tends to teach you how to buy when everyone else buys and sell when everyone else sells (sheeple of the herd mentality), which is high risk, low reward, and low probability and will absolutely cause you to lose money if you follow these types of education. All most everything that is being taught, in these courses and seminars, is usually completely unrealistic to do in a live market environment with real money.

      What is that lyric in that one song? The lure of easy money has a very strong appeal. Maybe you decided to get into the day trading business of investing and/or investing and trading because you saw some late-night TV commercial about day trading with flashy offers. Perhaps you received a spam e-mail touting some day trading method or system that said you could make easy money in the markets; I suggest you reconsider if that’s the case.

      New people most of the time have not done their research and have no idea they are entering a business where there are people in the live market who will walk over dead bodies to make money. They are entering a business where the smart money in the business are looking to drain your trading capital account on a daily basis and most of the time they do because new people come into the business unprepared or at best under prepared as well as underfunded and have not developed a trading edge before they enter the market with real money.

      New traders have no clue who is in control of the markets and when they are in control. The people who are in control of the market take advantage of the sheeple of herd as I call them on a daily basis day in day out in the live markets.

      The smart money is looking to drain the new traders account and transfer it from the new traders account to the smart money’s account. They don’t care if you lose all your money to them, it is nothing personal really, they don’t know you, and they certainly don’t care if you are having a bad day in the market. It is just business as usual; the business of making money with money, and most of the time it is your money. They are counting on you to make mistakes so they can fuel up their Ferrari’s and G650’s on your dime, you feeling me yet?

      The sheeple of the herd traders who focus on the prize tend to lose money and never achieve their goal are the ones who provide income and revenue for the smart money and the professional traders who have done the proper amount of education and training and are able to spot the sheeple of the herd traders making their same mistakes in the live markets over and over and over again.

      It is beautiful because there is a never ending supply of these new sheeple coming into the markets on a daily basis. It is a never ending supply of new money coming into the market to transfer into the account of the professionals and the smart money. It is the best business in the world to be in as far as I am concerned, a never ending supply of money to make? I mean who doesn’t want to be in that kind of business right?

      By buying Day Trading IS Day Gambling you have taken the first step needed to end up in the group that achieves consistent low risk profits on a daily basis, the professionals and the smart money. If you are not ready to take that step yet then you may be a part of the group called the sheeple of the herd that provides those profits. While that may seem like a harsh statement, I think it's important to point out the a few of the harshest realities of how the markets work right up front, so you know what’s at stake when your hard-earned money is at risk in the live market, it is the sole purpose of this book, you’re welcome!

      A great amount of the information put out by the trading industry education wise is not only taught wrong most of the time it is taught unrealistically which also gets brand new traders into trouble from the start. It is most unfortunate for brand new traders coming into the business that they are learning information that can cause them to make a lot of the mistakes detailed in this book and have an unrealistic outlook of the live markets, and as I said, I have even heard industry people say that it is done intentionally so that the smart money can continue to profit.

      Trust me when I say there are many junkware selling locusts in the trading/investing education industry trying to sell you a bill of goods that will not do you any good in a live market situation with the top traders in the world. I’m certainly not one of those junkware selling locusts as I am not trying to sell you any fancy indicators, methods, systems or secrets of the financial markets. I’m not trying to shove any red or green hopium pills down your throat, hell I don’t even have a freakin website. What I do have though is a lot of knowledge about what it takes to be consistently profitable as a self-taught and self-directed investor and trader. While I don’t share all of my trading edge I can guide in how to get yours fairly quickly if you pay attention to what is written in this book.

      Now with the advent of YouTube anyone with a freakin video camera can record a video, plop it up on the internet and brand new unknowledgeable traders who are looking for information and seeing this and going oh this must be right. Beware of this type of marketing as it can and will get you and your account into a lot of trouble very quickly.

      I spent days, nights, weekends and holidays watching videos and studying the aspects of trading that I thought were right, and that all the educational books tell you will make a better trader, I can’t disagree more now with most of that information.

      I love to learn and it was a lot of fun for me however I will say that 95% of what I learned does not help in any way in the way that I trade and invest today. I hope to be able to help you to not waste any valuable education time so that you can be on your way to making money every day faster than I did.

      New traders seem to think that faster is better in the markets for whatever reason; it is precisely the opposite actually. The trading industry touts day trading on short term chart time frames such as the five minute charts or the two minute charts for scalpers. I will let you in on a secret here; smart money trades and invests on daily and longer term charts. They are in the business of making money, isn’t that what you want to do? Get the clue here.

      New traders prefer smaller time frames because that is what they are conditioned to think is the best way to trade. The industry as I said gets paid from new retail sheeple of the herd traders just coming into the business for a long time until they either "get it" or have been completely cleaned out of all their money and have blown out their account.

      Just remember, the lower you go in time frame the more you are actually dramatically increasing your risk because you end up trading nothing but noise. Why would you want to do that, increase your risk? You must be able to see the larger context of what the market is doing to be able to distinguish what may be opportunity from just random price rotation and noise. The smaller the time frame you trade the less likely you are to succeed.

      To be consistently successful over

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