Our stock trading course helps individuals who are interested in learning day trading and learning online stock trading by providing professional-level skills and strategies. Learn how to day trade or how to invest in the live markets under the guidance of an expert instructor.
Forex trading gives you access to the largest market in the world with over $4 trillion in daily transactions. Learn to trade online on your own schedule with markets open 24 hours a day, 5+ days a week through our investment school courses.
Futures trading adds the dimension of time to investing. Whether your chosen instrument is traditional commodities or E-mini index funds, our futures trading courses will help you learn to day trade based on what you think an asset will be worth at a specific point in the future.
Learn options trading and gain knowledge on how to control a stock for a fraction of its per-share price without ever owning it. Our trading school helps you learn how to trade stock options to create dramatic results with small amounts of capital.
A day trader is two things, a hunter of volatility and a manager of risk. The act of day trading is simply buying shares of a stock with the intention of selling those shares for a profit within minutes or hours. In order to profit in such a short window of time day traders will typically look for volatile stocks. This often means trading shares of companies that have just released news, reported earnings, or have another fundamental catalyst that is resulting in above average retail interest. The type of stocks a day trader will focus on are typically much different from what a long term investor would look for. Day traders acknowledge the high levels of risk associated with trading volatile markets and they mitigate those risks by holding positions for very short periods of time.
I can’t tell you how many times I’ve seen begginers lose due to lack of training on how to manage risk. It’s more common than I bet you’d think. So many beginners fall into this habit of having many small winners then letting one huge loss wipe out all their progress. It’s a demoralizing experience, and it’s one that I’m very familiar with! We will discuss in detail how to identify stocks and find good trade opportunities, but first we will focus on developing your understanding of risk management.
Over my years as a trader and as a trading coach I have worked with thousands of students. The majority of those students experienced a devastating loss at some point due to an avoidable mistake. It’s easy to understand how a trader can fall into the position of a margin call (a debt to your broker). The money to trade on margin is easily available and the allure of quick profits can lead both new and seasoned traders to ignore commonly accepted rules of risk management.
We teach all the details of these strategies in our day trading course, but we also cover them in summary in several blog posts and in chat room Q&A sessions. You can read more about our trading strategies e.g Momentum Day Trading Strategy, Reversal Day Trading Strategy, etc. In short, these strategies are going to give you the framework for what type of stocks to trade, what time of day to trade, how to find stocks to trade, how to set your stop loss to have a max risk, and how to find your entry based on traditional chart patterns. Once you choose the one that is a good match for your skill level, your risk management tolerance, and the time of day you plan to trade, you are ready to get started.
I admit that it’s extremely difficult to achieve the level of composure to sell when you hit your max loss on a trade. Nobody wants to lose, but the best traders are great losers. They accept their losses with grace and move on to the next trade. They never allow one trade the ability to destroy their account or their career. I personally focus on accepting small losses, and not letting them get me frustrated. Learning this characteristic will keep them in business as a day trader for a long time.The most important skill you need to learn is to cap your losses.
Learning how to scale in and scale out of your day trades is a critical still every trader must develop. When I have winning trades, I scale out of the positions to take profits and adjust stops to break even as quickly as possible. I never hold a position that has achieved my profit target and hope for a bigger winner. The reason is because all too often the price can drop and you will end up giving up that profit. Instead, as soon as I’ve reached my first profit target (if I’m risking R500, then as soon as I’m up R500), I’ll sell 1/2 my position and set my stop at breakeven. This method of scaling out ensures small profits on all trades that move in your favor, giving you a better percentage of success..