Frequently Asked Questions
What kind of stock trading are you teaching? I teach daytrading only which is buying and selling stocks on the same day whether that is just a few minutes or several hours. Currently, I do not teach the other types of trading such as options, forex, commodities, trend or swing trading or long term Investing.
What kind of things will I learn? I share everything that I have learned including, the studies that I use along with other indicators; how to spot buy signals and sell signals; identifying patterns and trends; the role that volume plays, etc. In addition to helping you personally, I also send out tips and review specific stock charts. I also make recommendations on You Tube stock trading videos and websites that I find helpful for daytrading.
How do I find good stocks to trade? Everyone who has shown an interest in learning how to daytrade receives a list of stocks that have potential for making good trades. This is sent via Facebook messenger every morning.
Will you tell me when to buy a stock and when to sell? No, my objective is to teach you how to become a good trader on your own. You must learn to make your own good trading decisions. Confidence in your own abilities as a trader is very important.
Will I lose money? Yes, everyone even the professionals lose money. Making a losing trade is very useful in becoming a good trader. You must always learn from your mistakes by asking, what did I do wrong - what did I miss? As you become a better trader then losing money becomes a non-issue because you are focused on making more good trades than bad ones. There is a technique to minimize losses. It's very important to learn this and practice it.
How much time does it take to learn? Based on my personal experience, two hours a day is the minimum to become somewhat accomplished as a trader by the end of the first year. The more you put into it the more you will get out of it. The plans of the diligent lead surely to plenty, but those of everyone who is hasty, surely to poverty. (Prov.21:5)
Do I have to do this during market hours? At first you can learn on your own schedule. When you open a trading account and are ready to make real trades then you must do that during market hours (for daytrading). Premarket is 7 AM to 9:30 AM; Regular Market hours are 9:30 AM to 4 PM and Extended hours are 4PM to 8PM (all hours are given in Eastern Standard Time which is the time used for trading.)