Goals of This Blog

This blog will focus on free investment advice primarily in the equity, futures, and foreign exchange markets. The posts made here will represent my personal assessments and analysis of the markets, but they should not be taken as indications to buy or sell any securities. As a market analyst, it is my responsibility to analyze global macro and micro trends as well as per form technical analysis of these same markets. However, in my personal trading, I focus primarily on technical analysis to find trading opportunities and entry points. For this reason, this blog will not only contain posts regarding the state of my personal trades but will also contain helpful how-to’s for those of my readers that may be either unfamiliar with trading at all or are very new to the scene. In an effort to make all this information clear and concise to read and understand, the posts here will follow a chronological order that follows the journey of a day trader. Many of my readers will question why I am willing to give out information that may otherwise be considered proprietary or valuable for free. The answer to this is quite simple. When I first began my journey with day trading, I scoured the internet trying to track down information related to the subject, but in most cases, I found only general information. As a perfectionist, I sought more valuable information that was specific and useful by nature. I have decided to create this blog to hopefully save my readers years of education and most importantly beginner mistakes. Day trading, while risky by nature, can be perfected through practice just like any professional sport or profession. When reading internet forums you will often here comments quoting the line “only 10% of traders make money.” These numbers can often be misleading to first time traders and can discourage them from trying their hand in the market. This calculation takes into account the number of people who try trading but later quit. Thus, this number should more accurately read “90% of traders quit before they achieve profitability.” There, of course, is no guarantee that any one trader will make any profit trading the markets, but with enough education, these odds can be greatly improved. The following posts will reflect not only my personal journey as as day trader but will frequently include basic terminology explanations and tips for new traders. For those more experienced readers, I recommend reading my articles concerning individual market moves and technical analysis. 

Hypothetical Performance Disclaimer:
Hypothetical performance results have many inherent limitations, some of which are described below. no representation is being made that any account will or is likely to achieve profits or losses similar to those shown; in fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. one of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. in addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk of actual trading. for example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. there are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all which can adversely affect trading results222

CFTC Required Rule 4.41:

Hypothetical or simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profit or losses similar to those shown.

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