DISCIPLINE DISCIPLINE DISCIPLINE!
Day trading is a combination of several important factors. FIRST and FOREMOST, before you even consider trading or placing a trade in these extremely risky, volatile markets, one must STUDY and MASTER the ART OF TECHNICAL ANALYSIS (taught here at the Online OMNI Trading Academy) and itemize a list of IRONCLAD RULES which you must adhere to strictly and do your best not to break! DISCIPLINE! DISCIPLINE! DISCIPLINE! Once you have a solid background in Technical Analysis and a rule base, you must apply those techniques and your rules, which you have done your best to master, flawlessly. By flawlessly, I mean you must place your trades according to your trading plan without your own decision making (interference) concerning where and how the orders get placed both when getting in, and getting out of your trades.
Those decisions, where to get in, where to get out, and where to place the protective stops must be made long before the trade is ever entered into. To successfully call and trade the markets consistently as a day trader one must know how to formulate a precise trading plan, complete with stop loss levels (STOPS PLACED FIRST) entry levels and profit objectives. Then the magic has to happen. One must plan the trade, then trade that plan! Once again, most important… DISCIPLINE! DISCIPLINE! DISCIPLINE! That, I assure you, is where the magic commingles with Wall Street. If you are capable of creating a viable trading plan and have the ability and DISCIPLINE and emotional strength within yourself to execute that plan flawlessly, (without your own emotional involvement) you are on your way. If you do not know how to create a professional trading plan, typically done the night before the next day’s trading session is to commence, or have difficulty removing your emotions from your trading, then I strongly urge you join me in one of my four day long OMNI CAMP training seminars held and hosted by me, Oscar Carboni here in sunny Las Vegas. Fill out a short OMNI CAMP questionnaire today!
Fill out a short OMNI CAMP questionnaire today! Omni Camp
ABSOLUTELY NOT! Trading of any type, day trading or otherwise is not a hobby nor a sport you can simply toy with and expect to have consistency, or longevity in your trading results. The proper discipline required to analyze and trade successfully is the same discipline needed to force yourself to work diligently while endlessly paying constant attention to and nurturing your craft. Remember, Technical Analysis is a fine art. You must practice, refine and continually higher educate yourself in any art whether you are a musician, mathematician, fine tuned NBA athlete or a professional trader who employs the art Technical Analysis. The work, dedication and discipline required to be great at anything is parallel and on par with the work required to be a successful day trader. That being said, it is not impossible to get yourself properly trained to be a successful trader.
Many traders around the world are quite successful at day trading. In fact, many funds never hold positions overnight. Many are day trading funds that fare well in these rough and tumble, tumultuous markets we’ve all come to know since the crash of 2008 - 2009. Why can’t you fare well day trading these markets like many fund managers do? You can! Simply join me in my LiveTrading Room where I live and breathe while my “OMNIACS” get to watch over my shoulder while we grow and learn together daily. The education and acquiring of my endless flow tips, tricks & techniques all starts in the LiveTrading Room.
The profit potential of day trading is perhaps one of the most debated (and misunderstood) topics on Wall Street. Countless internet scams have capitalized on this confusion by promising enormous returns in a short period of time. Meanwhile, the media continues to promote this type of trading as a get-rich-quick scheme. I purposely set up the Online OMNI Trading Academy to safeguard traders from such criminality. There are those who engage in day trading without the sufficient knowledge and basic skills necessary to succeed; however, there are day traders who make a successful living despite, or perhaps because of, the constant opportunity in risk and the diligent daily use of Technical Analysis. Those who day trade professionally insist that there is profit to be made. Still, many admit that the success rate is inherently lower for many new entrants as a result of the army of traders who are improperly or too lightly educated distorting the market flow. Day trading is not for everyone and involves significant risks. Moreover, it demands an in-depth understanding of how the markets work and various strategies for profiting in the short term.
A trader needs an edge over the rest of the market. That edge is right here waiting for you to ACT NOW and take advantage of Oscar Carboni’s Online OMNI Trading Academy. Omni Camp