Day Trading For Beginners (Entries tagged as mentor)

The Importance Of Diversifying Your Portfolio

nospam@example.com (Trader) — Wed, 05 Dec 2007 13:22:31 -0600

The phrase "diversifying your portfolio" is often thrown around by stock traders when explaining strategies to those who are about to get their feet wet in investments. Some folks merely nod their heads as the trader continues with even more technical jargon without truly understanding what the explanation was all about.

Portfolio diversification is basically a trading strategy meant to minimize your risks. The higher the risks, the more the potential for losses. This is basically a non-technical way of saying "do not put all your eggs in one basket".
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Day Trading--Best Left To The Pros?

nospam@example.com (Trader) — Wed, 15 Aug 2007 13:42:00 -0500

Remember the saying "a fool and his money are soon parted"? This seems to be the theme when it comes to day trading beginners. Just do a search for day trading losses in your favorite search engine and sure enough, the statistics are mind-boggling.

Most of the search results will show that a staggering 70-90% of day traders lose money. Those kinds of statistics are almost equivalent to the ones that measure the number of people who lose money when gambling. So is it fair to say that day trading is like gambling?
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Professional Day Trading Coaching

nospam@example.com (Trader) — Sat, 04 Aug 2007 06:22:00 -0500

Day trading has been a lucrative industry in the last eight to ten years or so. This is especially true in the United States. Although the American economy has gone through up's and down's during that span, the U.S. dollar has been particularly resilient. This is the allure of the dollar to investors from all over the world. It is unquestionably the "safe haven" currency.

Economic realities are a function of the stock market. When the economy is sluggish, chances are companies also feel the strain. But the trend in the last ten years has been that even if the stocks suffer a slide, it usually comes back strong in a matter of a few weeks. To be able to trade successfully in the market, one needs a sharp nose for these kind of things. If you don't, then you should consider hiring a broker or even a coach or else you end up very dead in the water.
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