1K in 1 Day Live Trading Video & March Income

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How to Invest your First $1k

Modified date: March 1, 2020

Well, $1,000 is a great start, but it’s not a ton of money. That means you can’t spread it out into too many different options. But you can prioritize the best ways to invest that thousand bucks. Here are 9 of the best ways to invest your first $1,000.

Investment Type Best For
Paying off debt Those with high-interest debt
High-yield savings account Emergency fund
Tax-advantaged account Beginner investing
Stocks Having control over where your money goes
Real estate Alternative investment
Peer-to-peer lending High-risk/high-reward
CD Those who don’t need the money right away
Treasury security Safe investment to balance risk

Table of Contents:

1. Pay Off Debt

First, if you have high-interest debt hanging around, you’re likely best off putting your money towards that. If you’re paying 15% or more interest, you won’t likely be able to put your money towards an investment that out-earns that. So it’s best to pay off that debt. The general rule of thumb here is that you first put enough money into an employer-sponsored account to get any matching option available. Then you put your money towards high-interest debt until that’s paid off. Once that’s done, you can move on to some of these other options.

2. Use a High-Yield Savings Account

If you don’t have any money saved for an emergency yet, put your $1,000 into a high-yield savings account to be used for emergencies. This keeps you from going into more debt if an emergency does arise, so it’s definitely a good idea. Look for a savings account that has little to no ongoing fees and as high an APY as possible. Some great options include CIT Bank, Ally Bank, and Capital One 360. Just do your research to find the best deal when you open your account.

Deal of the Day : CIT Bank has a 1.80% APY on their Money Market Account. $100 minimum deposit required and all deposits are FDIC insured up to the $250,000 per depositor maximum.

3. Put It Into a Tax-Advantaged Account

If you don’t have an employer-sponsored retirement plan, or if you aren’t able to put this $1,000 in there, you should consider making your investment through an IRA. Tax-advantaged investment accounts like these can really boost that amount and grow your money over time. Luckily, some of the options below, including some robo advisors, allow you to invest through an IRA, so you can get both good returns on your investment and tax advantages.

4. Try Your Hand At Investing In Stocks

You definitely don’t want to invest your whole portfolio over time in stocks. But if you’re interested in trying your hand at stock investing, try it through a solid platform like Ally Invest, E*TRADE, or TD Ameritrade. These platforms let you make trades on your own, so you can see what it’s like to build your own custom investment portfolio. You can also opt for a semi-robo advisor like M1 Finance. This one is free to use and lets you put together your own portfolio of ETFs, which tend to be more stable than individual stocks but still gives you the feel for putting together your own investments.

But if you don’t know what you’re doing, or just don’t want to deal with the time and energy it takes to pick good stocks, fear not. One of the best ways to have your money managed for you is by working with a Certified Financial Planner. The problem is, they’re hard to find (good ones, at least).

Because of this, I recommend you use a service called Facet Wealth. Facet Wealth will help you find a CFP that meets your financial goals. You’ll have a single point of contact (no call centers, thank you), and someone who truly gets what you’re after financially. You can meet with them virtually too, via a video conference. Read more at our Facet Wealth review.

5. Start a Robo Advisor Account

If you want a bit more handholding, or to be totally hands off, with this starter investment, consider using a robo advisor like Betterment or Wealthfront. With a dollar amount on the small side like this, Betterment is probably your best bet. It’ll let you set your investment preferences and forget about managing your account on a day-to-day basis. And if you want a similar investing approach but want to put your $1,000 towards a good cause, try Wealthsimple, a robo advisor with handcrafted portfolios that support companies that line up with your values.

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6. Consider Real Estate

If you have $1,000 but generally have a high net worth and high salary, you might qualify to invest in a real estate crowdfunding platform like Realty Mogul. Or you could invest in Fundrise, even if you don’t meet these other qualifications. The minimum investment for Fundrise is $500, so you can get started with just your $1,000 if you’d like.

7. Move Towards P2P Lending

Again, if you meet the income and net worth qualifications for peer-to-peer lending, you could potentially invest your money with a platform like Prosper or Lending Club. Some of these companies, like Lending Club, require a minimum $1,000 deposit, but you can still spread that money over several different loans to diversify your investment. The requirements for all P2P sites can be a bit different, so be sure you meet their minimum requirements before you count on investing here.

8. Use a CD For Mid-Term Savings

What if you want to put that $1,000 towards the start of some larger savings goal for the medium-term? Like buying a house or a car? In this case, you might consider putting it into a CD. If you know you won’t need it to be liquid for a set period of time, a CD can get you good return on your investment without risking your capital like you will with many investing opportunities.

9. Buy a Treasury Security

If you have a higher income tax rate, you might get a better deal from a Treasury security versus a CD. They do tend to have slightly lower rates, but their earnings are exempt from state and local taxes. Before you decide to lock your money up in either option, be sure you do the math to get the best bang for your buck.

Start Keeping Track

Whatever you decide to do with that $1,000, be sure you keep the cycle going by keeping track of both your budget and your investments. One way to do this is with Personal Capital, a platform that lets you pull all of your investing and spending data together into a single place. With it, you can watch your original investment grow, but you can also manage your budget so you can live on less than you earn and invest the rest.

How much interest will I earn on $1k?

To determine the interest you’ll earn on $1k, multiple 1,000 by the rate of return you expect. So, for example, if you are expecting a modest 6% rate of return, you’d earn $60 in interest by the end of the year (1,000 x .06 = 60).

How should I invest $1k to make 100k?

To turn $1k into $100k, you’re expecting to 100x your investment. The best way to do this is to start with $1k and continue to invest at a regular interval over time. For example, if you started with $1,000 and invested $200 per month, every month, for 20 years and earned a modest rate of return of 6.5% (compounded monthly), you’d end up with just over $100k.

How can I invest $1k wisely?

To invest $1k wisely, you should open an account with a robo advisor and let them do the work for you. $1k isn’t enough to invest in most mutual funds or even some index funds, but it is enough to start investing with a robo advisor like Wealthfront. This way, your investment will be broadly-diversified and actively managed on your behalf.

What’s the best way to invest $1k short term?

The best way to invest $1k in the short-term is to put it into an ETF or index fund that captures a wide scope of the total stock market (like VTI for instance). Most brokers will allow you to open an account with $1k, but you might have to search around for a fund that will let you buy in for $1k (many require a minimum investment of $2,500 for example). Alternatively, you can put the $1k in a robo advisor account and let them manage it for you.

Bottom Line

Having $1k to invest is more than many people have. In fact, most Americans don’t have $1,000 to cover an emergency without going into debt. So consider yourself lucky in that sense. That’s why you want to make sure it lasts and it’s invested wisely. Review our advice above, choose a safe, short-term investment, and keep a close eye on it. Your $1,000 investment isn’t going to get you to retirement by itself, but it can serve as a wonderful safety fund and a foundation for a larger portfolio.

The DIY day traders: ‘I lost £250k but made it all back and more’

Anyone with a debit card and an Internet connection can become a day trader. We talk to three people who play the markets from home

By Kate Palmer, video by Philip Allen

9:43AM BST 15 Oct 2020

Every day Rene Muccio, 51, carefully studies a mishmash of charts and news tickers from his South London bedroom before trading his life savings on the global currency market.

He is one of a small community of “day traders”, buying and selling shares online from their bedrooms and kitchens, lured by the prospect of making thousands of pounds from small price fluctuations in trades that last seconds.

Mr Muccio, a father of three from Bromley, said he had made £220 the previous day from forex trading between pounds, dollars, euros and yen – his biggest win to date.

But he has lost thousands along the way. Mr Muccio gave up a successful antiques business in 2007 to trade full time. “I was looking for an excuse to stop, this was the answer, but it was too soon. I knew absolutely nothing,” he said.

He lost £2,000 within the week. He said: “I keep going because I keep improving. Sometimes I can see trades so clearly and I know it is off the back of everything I have learned, and I can look at the charts and just know where it is going.”

Mr Muccio said he has six months of savings left before he has to either quit trading or remortgage. He said: “Even if I did lose a trade I wouldn’t care because it feels so good that you’re following whatever your heart and soul is saying.”

Experts say this is pure gambling.

At-home traders, equipped with just an internet connection and basic software, rely on guesswork, said Mark Dampier, an investment expert at Hargreaves Lansdown. “It’s a bit like professional gambling. Trading in seconds is the opposite of genuine long-term investing.”

Mr Dampier explained that it is impossible to predict short-term movements in the market unless you have inside knowledge – which is illegal. “There are far more losers than winners,” he said.

However, the Porsche and six-figure account held by forex trader Charlie Burton, from Greenham in Berkshire, tell a different story.

The former City trader once made £7,000 in five minutes on a single gold trade. “Now I have a more modest daily target of £500 to £1,000,” he said.

But Mr Burton, who has 17 years’ experience trading with a fund management company, has suffered losses that make Mr Muccio’s pale in comparison.

“I lost £250,000 in my first year of trading solo and that memory will stay with me forever.”

However, Mr Burton said that things had improved since he closed the account in 2003. “The day I hit the button to take out the money left was a huge weight off my shoulders.

“Now I’ve learnt not to become elated if I am in a strong position, because I do not want to be down on a weaker day.”

Mr Burton said that anybody can trade even if they do not have a six-figure sum to spare. He is now challenging himself to turn a £10,000 pot into £100,000.

However, budding traders should expect to lose money for the first few years, he said.

“I’m not a City trader who gets millions in bonuses every year, but I’ve also got a lot of experience.

“People think that if you read a couple of books and go on a course you will make money, when actually it’s one of the hardest jobs in the world.”

He said you should wait at least two years before expecting to make a profit. “You have to be able to take a punch and when you have a down month that can be quite hard for some people.”

Mr Burton advised people to trade part-time to start.

“I’ve met traders who are also airline pilots, doctors, and dentists. More and more people are trading on the side in their bedrooms,” he said.

One trader of this type is Jackie Mitchell, 52, who trades in the morning and runs a dry cleaning shop in the afternoon. Her interest was piqued seven years ago when she attended a free seminar. “I thought great, this seems fairly straightforward and started trading the next day.”

Since then, Mrs Mitchell, a mother of four from Northwood in Middlesex, has lost her £3,000 pot on two occasions. “There have been many highs and lows, lots of tears and laughter,” she said.

“Expect to lose money when you’re new. They don’t tell you this in the seminars,” she said.

Jackie Mitchell trades in the morning and runs a dry cleaning shop in the afternoon

Mrs Mitchell said that she is now making money, but like many traders did not want to make her earnings public. “I pay my bills and have the advantage of being able to trade from my computer, so I can go on holiday for weeks and take my screens with me,” she said.

Almost anybody can sign up to an online investing platform from home such as UFC Markets, InterTrader Direct, ETX Capital or IG, with as little as £100.

It is possible to make money by following the moves of institutions and big players, quickly buying or selling stock or currency in reaction, Mr Burton said.

“You don’t need to know an economy inside out, but follow what is moving the markets and jump on the back of big players moving and any news announcements,” he said.

However, experts remain sceptical of the practice. Brian Dennehy, from FundExpert, the investment shop, advised traders to treat any shortterm gains with caution.

“Don’t get confused by a string of successes. These are sometimes down to sheer luck. You mustn’t confuse a coincident lucky trend with personal genius,” he said.

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Day Trading: Everything You Need to Get Started

Getting into day trading shouldn’t be a decision made on a whim.

It takes time and dedication to learn the intricacies of this fast pace world, but with the right information and careful planning you can put yourself in a position to earn a great living on just a few hours of trading a day.

Before we dive into our day trading guide you must first understand what day trading is and what it is not.

What is Day Trading?

Day trading is the opening and closing of a trade within the same day. That means if you open a new trade at 10AM and close it by 2PM, that’s a day trade. Many traders only day trade, others implement it only when they see opportunity, and others shun it completely.

A day trader doesn’t just pick any stock and try to trade it. There has to be some reason to trade it, and that reason differs from trader to trader. Some of the different strategies include:

The thing to remember here is there is no holy grail strategy to get rich quick. It all takes time and practice to become successful at this potentially lucrative career.

And that brings me to my next point.

Day trading should not be viewed as a way to get rich quick. Most successful day traders focus on base hits, or taking small winners consistently in order to bring in income. Sure, big winners will come but focusing on just hitting every trade out of the park will lead you down a path to a short trading career.

How to Day Trade a Small Account

What You Need to Day Trade For a Living

Day Trading Broker

Your broker is one of the bigger decisions you will make. This is where all your money will be and you will rely on them to provide fast executions at a reasonable price. There are several types of stock brokers out there, and most tend to serve a specific niche. For example, Vanguard serves passive investors, Tastytrade serves options traders, and Lightspeed serves day traders.

For day trading these are our favorite brokers:

Execution

Day traders require certain things from their brokers. The most important thing is speed of execution. A few seconds can be the difference between catching and missing a breakout. For this reason, serious day traders need a broker who provides direct market access (DMA).

You might be asking: ‘ don’t all brokers offer direct access to the market?’ The answer is no. Most online brokers act as a middleman between the market and your order. They route the order to the market on your behalf, often combining your order with other clients’ orders, and giving priority to certain routes over others when they sell your order flow .

To cut out the middleman, you need a broker that grants you DMA. This way, if there’s a bid or ask that you’d like to trade with, you can simply take that liquidity instantly, rather than hoping the stock trades at your price long enough for your broker to fulfill the order.

One example of a broker who grants direct market access is Lightspeed Trading .

Price

Day traders trade so often that commissions can be the difference between a profitable month for some. Typically, when it comes to day trading brokers, there are two pricing structures: per-share and per-trade. The choice is dependent on your position sizing. The smaller size you take, the more a per-share structure makes sense, and vice versa.

Per-Share

The per-share structure is popular with day trading brokers and proprietary trading firms . Typical per-share rates offered to the least capitalized retail traders are $0.005 per-share traded. Some firms require a $5.00 minimum, which defeats the purpose of the structure for an undercapitalized trader.

Per-Trade

This is the most common commission structure in the industry. You simply pay a fee (most often around $5.00) per trade you make. When you reach a certain average position size, a $5 fee per trade becomes almost inconsequential.

Quick Note: It’s important to understand that just because a broker has cheaper commissions doesn’t automatically make them a better option. Some brokers get paid for directing their order flow to certain market makers which can take longer and result in worse fill prices. That’s why it’s important to make sure they have direct market access like we mentioned above.

Capital

Day traders generally take very small moves out of the market. Most make money through their size and repeated efforts, rather than catching huge moves. For this reason, you need to be reasonably capitalized to make a considerable salary from day trading.

A smart way to determine how much capital you need to get the income you want is to forecast your annual return. You can reverse engineer by looking at your average return from your current trades (if any), and multiply it by your average trade frequency (quantity of trades you make per year).

Then divide that number by your account size. Of course, this won’t be the most accurate forecast, but it provides you context.

Stock Scanner

There’s a distinct difference between a stock scanner and a stock screener. A stock scanner is constantly scanning the market and streaming real-time results. A stock screener simply searches the market for criteria which provides you with a static list of stocks.

A good stock scanner is necessary for most day traders, especially those who trade on very short time-frames. Most scanners can scan on time-frames as small as ticks, and move out as far as weeks, all while updating results in real-time.

An example of a stock scanner that fulfills the above criteria is Trade-Ideas .

What Should Have Before You Start Day Trading

We’ve gone over the things you reasonably need to day trade: a trading platform, stock scanner, and possibly a news feed. Having these things doesn’t make you a trader though. If you want to stand a chance at not blowing up your account, there are a few other things every budding day trader should have. Ignore these at your own risk.

Education

What a surprise that we’re recommending trading education! It might seem salesy to include, but day trading is an exceedingly difficult skill to become competent at, let alone master.

Here are just a few of the topics that you will need to understand:

  • Technical analysis – That’s trends, channels, and pattern recognition.
  • Reading the tape – That’s noticing held bids and offers, unusual prints, and imbalances.
  • Trade execution – That’s setting stop losses, scaling in, and getting in the trade when the best opportunity is presented.
  • Trading psychology – That’s learning to think in probabilities, outcome independence, and dealing with life-changing losses.
  • Position sizing and risk management

Whether you learn this stuff from a course, books, dozens of articles, or a mentor, you have to develop these skills to stand a fighting chance in the day trading world. Few, if any, have been able to teach themselves solely through trading the markets.

Practice

You may have taken a few quality trading courses, read a book or two, and have been watching our daily trading breakdowns and feel like you’re ready to trade. You’re probably not ready. Intellectually knowing about trading and being able to react to opportunities and effectively execute them are two different things.

This was definitely the case for me. Before day trading live, I educated myself so much until I finally felt like I was ready to trade live. When the market opened and I began scanning the market for opportunities, I felt more wide-eyed than Jordan Belfort on his first day on Wall Street.

It’s street smarts vs. book smarts. They’re both important.

This is where trading simulators and paper trading come in. These pieces of software allow you to trade with either historical or real-time market data and practice trading.

Excuse the shameless self promo but, we think that the Warrior Trading Paper Simulator tackles this issue quite well. Trade against real-time data with real level 2 and time & sales with hot-key functionality.

System or Methodology

It’s important to have a specific setup, trading system, or methodology that you’re comfortable with when you start trading. It allows you to develop a competency at something , rather than trying to find opportunities for several setups at once, never really getting good at any one setup.

Whether it’s a simple trading setup like the trend pullback , or a more fleshed out trading system like Toby Crabel’s opening range breakout system, sticking to one thing at the beginning will allow you to reach profitability the quickest.

You can always learn more down the road if the setup/system you choose isn’t ideal for you. The important thing is consistently sticking to one thing at the beginning.

How to Start Day Trading

You need to understand basic day trading terminology & concepts to build your foundation. You can follow me on Youtube to get free education! Join the community of thousands of followers on YouTube and begin studying the free content we post on a daily basis. This is the beginning of your education. You need to study the markets, analyze charts, and learn the strategies professional traders are using every day.

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.

Day Trading Rules

You Need $25,000 (Pattern Day Trader Rule)

The pattern day trader rule was designated by FINRA in 2001, after many retail traders lost their shirts day trading during the dotcom bubble. The rule essentially states that traders with less than $25,000 in their brokerage account cannot make more than three day trades in a five-day period.

In other words, if you have a $5,000 account, you can only make three day trades (open and close inside a market session) within a rolling five-day period. Most brokers will not allow you to make the fourth, but if you do, you will be labeled a pattern day trader and have your brokerage account restricted for 90 days.

Margin accounts are most affected by this restriction, although cash accounts are prohibited from using unsettled funds to purchase securities. Once you have $25,000 in equity in your account, these restrictions no longer apply to you.

Besides the PDT, there are few regulations placed upon day traders in specific.

There are a couple ways around the PDT like opening an account at a broker who is offshore or outside the regulations of the United States. Some that you can consider are TradeZero.

How Much Do You Need for Day Trading?

The amount of capital you need depends on if you want to make day trading your full-time income. If you’d like to day trade as a hobby, or for side income, the advent of commission-free brokers make it so that you can day trade with virtually any amount of capital, even if only three times per week.

With that said, we’ll focus the rest of the section on those who are trying to make day trading their main source of income. We have to start with your expected returns. This is the hardest part to project. So unless you have a thoroughly back tested strategy, we’ll have to estimate your returns.

The first big assumption we have to make is that you’re a profitable day trader in the first place, which is a lofty assumption. Trading blog Vantage Point did an informal study of this throughout his long trading career and found that 3.5% to 4.5% of traders reach relative success. Even assuming marginal profitability can be dangerous, but assumptions are the nature of forecasting.

Barber and Odean performed a study on the rate of return for individual investors making speculative trades and found that they underperform the S&P over time. So let’s make a quick assumption that without a rigorous trading education, you’ll fall right in the middle of that average, and capture roughly half of the S&P’s annual return in your day trading account, which i s roughly 5%.

On a $100,000 account, that’s about $5,000 per year.

On a $1,000,000, that’s about $50,000 per year.

Do you see the importance of gaining an edge over the rest of day traders?

Day Trading with Cash vs. Margin

There are some distinct differences between a cash and margin account when it comes to day trading.

Cash Account

  • You can day trade as much as you want as long as your funds are settled (takes two days from trade date to settle, click the cash account link for more info)
  • You can only trade with the amount of cash you have in the account
  • Placing day trades with unsettled funds could result in the account being suspended

Margin Account

  • Can only place 3 day trades in a 5 business day period if you are under $25k
  • You have 2x the buying power for accounts under $25k and 4x the buying power for accounts over $25k
  • You can buy more shares than cash in your account since you are granted leverage
  • You can lose more than you have in your account since you’re trading on borrowed funds

As you can see there are some major differences but most day traders trade on margin due to ability to leverage their account and trade bigger sizes. Just take note of the risks involved and manage your trades appropriately!

Simple Day Trading Strategy for Beginners

We talked earlier about sticking to one simple pattern when you’re starting out as a day trader. We’re of the opinion that the bull flag pattern is the ideal pattern to learn first. It’s a simple consolidation pattern that is easy to recognize and trade. To put it simply, you’re buying a pullback within an existing uptrend in a stock.

The first step is finding a stock that is surging on high relative volume , preferably one that is already in a longer term uptrend. So, if you’re looking for a bull flag with a 5-minute chart, it’s much better if the daily chart is showing an uptrend, you’re sailing with the wind. The next step is to wait for the stock to consolidate. You want the consolidation to be much lower volume than the upward move.

You then want to buy the stock when it breaks above the consolidation pattern with higher volume, using a volume moving average to identify high volume. Your stop should be below the bottom of the consolidation pattern. Some traders like to give the stock some room to move a bit and place their stops 0.5 to 1 ATR below the consolidation pattern, to account for market noise.

These are the types of trades that you can let run if they continue to work, without a defined profit target. However, it’s important to make sure you’re taking setups with at least a 2:1 reward/risk ratio. That means your minimum profit should be twice your stop loss.

All Day Trading Strategies Requires Risk Management

Imagine a trader who has just taken 9 successful trades. In each trade there was a $50 risk and $100 profit potential. This means each trade had the potential to double the risk which is a great 2:1 profit loss ratio. The first 9 successful trades produce $900 in profit.

On the 10th trade, when the position is down $50, instead of except the loss the untrained trader purchases more shares at a lower price to reduce his cost basis. Once he is down $100, he continues to hold and is unsure of whether to hold or sell. The trader finally takes the loss when he is down $1,000.

This is an example of a trader who has a 90% success rate but is still a losing trader because he failed to manage his risk. I can’t tell you how many times I’ve seen this happen. It’s more common than 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.

Every Day Trade Needs a Max Loss (Cap your Losses)

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.

The 10% of traders who consistently profit from the market share one common skill. They cap their losses. They accept that each trade has a pre-determined level of risk and the adhere to the rules they set for that trade. This is part of a well defined trading strategy.

It’s common for an untrained trader to adjust their risk parameters mid-trade to accommodate a losing position. If for instance they said the stop is $50, when they are down $60 they said they’ll hold just a few more minutes. Before you know it, they are looking at an $80-100 loss and they are wondering how it happened.

Final Thoughts

This article should provide you with a good introduction to the world of day trading. But, it’s just that: an introduction. Don’t expect to read this and go take money out of the markets on a daily basis.

You won’t learn day trading in a day, or a week. It’s a lifelong commitment to learning, even for the most successful traders. Marty Schwartz, a trader interviewed by Jack Schwager for his first Market Wizards title, was a losing trader for several years until finally finding his stride.

Fortunately for you, there’s so many resources easily available to learn about trading the markets. Over time, several strategies have been developed and shared through books and courses, giving you the chance to expose yourself to many styles before picking one to stick with.

If you’re ready to get serious about day trading then make sure to join our next webinar for an in depth look at some of our most profitable strategies!

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Warrior Trading may publish testimonials or descriptions of past performance but these results are NOT typical, are not indicative of future results or performance, and are not intended to be a representation, warranty or guarantee that similar results will be obtained by you.

Ross Cameron’s experience with trading is not typical, nor is the experience of students featured in testimonials. They are experienced traders. Becoming an experienced trader takes hard work, dedication and a significant amount of time.

Your results may differ materially from those expressed or utilized by Warrior Trading due to a number of factors. We do not track the typical results of our current or past students. As a provider of educational courses, we do not have access to the personal trading accounts or brokerage statements of our customers.

Available research data suggests that most day traders are NOT profitable.

In a research paper published in 2020 titled “Do Day Traders Rationally Learn About Their Ability?”, professors from the University of California studied 3.7 billion trades from the Taiwan Stock Exchange between 1992-2006 and found that only 9.81% of day trading volume was generated by predictably profitable traders and that these predictably profitable traders constitute less than 3% of all day traders on an average day.

In a 2005 article published in the Journal of Applied Finance titled “The Profitability of Active Stock Traders” professors at the University of Oxford and the University College Dublin found that out of 1,146 brokerage accounts day trading the U.S. markets between March 8, 2000 and June 13, 2000, only 50% were profitable with an average net profit of $16,619.

In a 2003 article published in the Financial Analysts Journal titled “The Profitability of Day Traders”, professors at the University of Texas found that out of 334 brokerage accounts day trading the U.S. markets between February 1998 and October 1999, only 35% were profitable and only 14% generated profits in excess of than $10,000.

The range of results in these three studies exemplify the challenge of determining a definitive success rate for day traders. At a minimum, these studies indicate at least 50% of aspiring day traders will not be profitable. This reiterates that consistently making money trading stocks is not easy. Day Trading is a high risk activity and can result in the loss of your entire investment. Any trade or investment is at your own risk.

Any and all information discussed is for educational and informational purposes only and should not be considered tax, legal or investment advice. A referral to a stock or commodity is not an indication to buy or sell that stock or commodity.

This does not represent our full Disclaimer. Please read our complete disclaimer.

Citations for Disclaimer

Barber, Brad & Lee, Yong-Ill & Liu, Yu-Jane & Odean, Terrance. (2020). Do Day Traders Rationally Learn About Their Ability?. SSRN Electronic Journal. https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2535636

Garvey, Ryan and Murphy, Anthony, The Profitability of Active Stock Traders. Journal of Applied Finance , Vol. 15, No. 2, Fall/Winter 2005. Available at SSRN: https://ssrn.com/abstract=908615

Douglas J. Jordan & J. David Diltz (2003) The Profitability of Day Traders, Financial Analysts Journal, 59:6, 85-94, DOI: https://www.tandfonline.com/doi/abs/10.2469/faj.v59.n6.2578

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