How to Make a Living Day Trading
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Transcript of How to Make a Living Day Trading
![Page 1: How to Make a Living Day Trading](https://reader031.fdocuments.us/reader031/viewer/2022020203/58a2004b1a28abac528b6a65/html5/thumbnails/1.jpg)
HOW TO
MAKE A LIVING
DAY TRADING
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Set a daily profit and loss goal for yourself
START WITH A demo account
Trade your demo account for months 3
Try to trade days per week 5
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Work with capital you can afford
to lose
Work with a small list of 3-5 stocks
![Page 4: How to Make a Living Day Trading](https://reader031.fdocuments.us/reader031/viewer/2022020203/58a2004b1a28abac528b6a65/html5/thumbnails/4.jpg)
Involves holding a position for several days
Involves holding position for several weeks
Involves holding positions for a day or less
Involves holding a position over several years
TYPES of TRADING STYLES
day trader
investor
swing trader
position trader
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DON’T CHASE your trades, there will be more opportunities
Be sure to use PROFIT STOP and STOP LOSS orders to manage risk
A comfortable RISK TO RETURN for day traders is 1:1
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Trade stocks that trade more than 5M
shares per day
Stocks that are often traded provide greater trade
opportunity throughout the trading day for day traders
Stocks that you can buy or sell in large blocks without affecting the
price levels
The higher the volatility, the more the stock’s price fluctuates, therefore day traders have more profit and loss opportunities for
the day trading
THE best stocks FOR DAY TRADING
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Contact Nonko Trading and find out how Nonko Trading can help you start your day trading career!