Day Trader Success Guide - 6 Step Process For Beginners - See more at: http://www.netpicks.com/day-trading-living-guide/ This day trading beginner guide is a 6 step process that will show you how to learn to day trade. Learning to day trade should be made as simple as possible and we think this is the best way to start your professional trading career. - See more at: http://www.netpicks.com/day-trading-living-guide/ - Visit our website: http://www.netpicks.com/ - Download the free indicator blueprint: http://www.netpicks.com/blueprint/ - Options Hot List PLUS Training: http://www.netpicks.com/oftbrightbreakthroughs day trading, how to day trade, day trading success, guide to day trading

4. Your broker will offer
freebies as part of
your business
relationship with them

5. Methodology
Risk Management
Trade Psychology

6. Method used to find
trading setups is the
least important
variable of all

7. Risk management
and psychology are
their biggest assets

9. TAKE
ACTION

10. STAGE 1: FIGURE
OUT YOUR REASONS
FOR WANTING TO
DAY TRADE

12. By not losing the
forest among the trees

13. ONE TRADE
Is meaningless
Unless you used horrible risk parameters

14. Learn to take internal
ownership of the
trading methodology

16. You will not trust your
edge and will
intervene in a trade
(based on emotions)

18. STAGE 2 - ACCEPT
HOW YOU MAKE
MONEY TRADING

19. Why?

20. You must have faith
that you've seen an
edge in your system

21. Manually back test!

22. Most Consecutive Losses
Largest Draw Down Period

24. You should be
thinking, "Wow! This
really does work."

25. You are beginning
to accept.

26. You are beginning
to believe.

27. You are beginning
to take internal
ownership of the
system

28. Rome wasn't
built in a day

29. SUCCESS
SHORTCUTS

30. STAGE 3 - PRACTICE
MAKES PERFECT FOR
BEGINNERS

31. Perfect your craft

32. You are reinforcing
& perfecting your
knowledge of your
trading rules

33. Sim trade for a
few weeks

34. This is the time you will
feel you are ready to
start trading with your
live account.
Not Yet

35. “Secret” tip coming….

36. Commit to taking 25
consecutive
mistake-free
trades in your sim account

37. A mistake can be
anything including:

38. Execution errors
2 nd guessing

39. Moving your stops and
targets outside of your plan
Missing an entry

40. Not adjusting around a
key level, etc.

41. We call this the
"Power of Quitting“
www.slideshare.net/NetpicksTrading/trades-should-quit

42. Don't shortcut
this process

43. STAGE 5 - IT'S TIME
TO START DAY
TRADING LIVE

45. We make money
based on the edge of
our system

46. Losing trades and
money is part of
getting back on the
winning side

47. You've seen that
emotions play a huge
part in trading

48. Lean on your system and
take your trades,
because that IS the only
way to continually make
money trading

49. 25 mistake-free trades
is a stepping stone to
consistency!

50. This is real
money now

51. STAGE 6 - MONITOR
TRADE STATISTICS
AND TWEAK YOUR
TRADING PLAN

52. Establish prior day's
ending balance and
use that to determine
what a 2% risk is

53. COMPOUNDING
WORKS!

54. Back test other
markets and time
frames

55. We need to keep a
higher perspective by
not focusing on just
one or two trades

57. We MUST sacrifice 1/3 of
all of our trades to get to
the 2/3rds that satisfy
our reason for trading.

58. Losing?
Take a step back.
Re-evaluate.
Go back to Stage 1.