Day Trading – Day trading is the first and shortest form of trading. This is where you can both enter and exit your positions within a single day. Active
Emini Academy Map Mastery
Our education system has been refined over seven years and thousands of students have used it around the world. This works for traders of all levels, new and old.
We want to help you set up your trading business and develop your skills so that you can achieve your trading goals. Follow these steps to get started on your trading journey…
- CHOOSE A MARKET OR TRADING TIME FRAME
There are many markets you can trade. The first step is to choose the right one for you. Stocks, emini futures and options are some of the most well-known markets.
These are some considerations when you choose a market for trading:
- Capital available to trade: This is an important consideration when selecting a market. Some markets have minimum requirements that are set by governments or brokers (listed below), while others have no minimum requirements. It doesn’t matter if you’re trading with $500 or $500,000, there is a market for you. Leverage is an option in some markets that allows you to grow your account more quickly. Leverage can also work against you, so it’s important to implement smart risk management strategies.
- Trade time: After you have decided which market you wish to trade, you can decide how long you will spend on your trading business. There’s a wide range of time frames you can trade. Some trade full-time. Others trade for 30-60 minutes each month.
Let’s take a look at the different time frames you can trade:
- Day trading – This is the shortest and most efficient time frame for day trading. You can enter and exit your position in a matter of hours. Trades can be taken in an active market environment, where traders may take several trades per day. The benefit to day trading is that there’s no need to stress about what the markets do overnight or when you are not actively trading.Some day traders will actively trade for 1-2 hours a day, then move on with their lives. This requires more focus for short periods of the day, but it also allows for the freedom not to obsess over the markets 24/7.
- Swing Trading allows you to hold your position for between 2 and 2 weeks. This is a great time frame for those who work full-time. It takes just a few hours a month to open and close trades.
- Position trading is a disciplined form of investing. It’s where you hold a position for months or years before cashing out. There’s a huge difference between trading position and buying randomly in hopes of a future price rise. Position trading is based on strategies that identify profit zones and where to buy or sell. Stop out levels are also considered in the event that the markets move against the trader.
Choose a market
There are pros and cons to each market, and it’s important to start with a market that can help you achieve your goals. While there are courses offered by many trading education firms that cover all markets, our training programs focus on those that our team trades frequently.
These are the countries we trade on:
Trading stocks in publicly traded companies is possible with thousands of companies. There are numerous stock trading opportunities available throughout the day. However, it’s crucial that you trade the right type of stocks. We avoid stocks that are dominated by high-frequency traders who prey on individual traders. We trade volatile stocks that have predictable patterns.
Download now Emini Academy Map Mastery Now
In 1997 e-mini futures were created to give individual traders the opportunity to trade markets like the S&P 500 from their home offices. They are attractive because of their high volatility and leverage. Since the e-mini futures market attracts the best traders, it’s important to use a rules-based strategy that can help create a clear plan for when and where to take trades. Our MAP Trading Strategy helps us to determine when the market is ripe and when it’s time to stay away.
This digital currency is quickly gaining in popularity and offers incredible trading opportunities. This market is still very young, but professional traders all over the globe are finding it attractive.
- CHOOSE A TRADING STRATEGY & BROKER
After you decide what market and time frame you want to trade, then it’s time to set up your trading business. You’ll start by deciding on an online discount broker and trading platform. It’s vital to make sure you have the right broker and tools to trade, otherwise you’ll be at a disadvantage.
You should consider the following things when selecting a broker: service, commissions, and margin requirements. For example, if you’re going to trade stocks you want to have a broker that has great borrows for shorts. You want to trade Emini futures through a broker with low commissions, fast data feeds and great service.
There is no broker when trading Bitcoin. You can trade directly with the exchange instead. Trust is the most important thing about digital currencies. There have been horror stories of insolvent exchanges disappearing with clients’ capital. There are now trusted and insured exchanges that allow us to trade Bitcoin.
A professional trading platform is essential if you are to become a skilled trader. A trading platform refers to the software program that you use for entering and exiting trades.
Charts, order entry, account management, and order entry are the three main components of a trading platform. There are many platforms available, and each platform has its own price range and features. There are many platforms on the market. We recommend a handful of them.
Here is an example of a stock trading layout. From left to right, you’ll see: time and sales, level 2, and charts. This gives us a clear picture of a stock we’re watching to trade.
Choose A Strategy
Once you’ve decided which market and time frame you’ll trade, you need to find a strategy. If you trade without a plan of attack, you are likely to lose. Many people don’t even know if they have an effective strategy.
Daily Trading Profits employs rules-based trading strategies in order to reduce guesswork and increase our trading confidence.
- Stock Trader Formula – We use the Stock Trader Formula strategy when day trading stocks. This helps us ensure we’re trading the right type of stock, finding high probability setups, and following a clear risk management plan.
- MAP Trading Strategy – We use a rules-based approach, the MAP Trading Strategy, to trade e-mini futures. This helps us identify the best market conditions to trade and when we should avoid trading. A variety of trade setups are also available to help pinpoint the best setups.
- Bitcoin Precision Trader – We use a variety of strategies when trading Bitcoin and other digital currencies.
- TRADE WITH SUPPORTIVE COMMUNITY
You can find a lot of information online on how to trade. Many traders end up frustrated and confused because they lack a clear plan and the discipline and skill to trade.
Fortunately, trading doesn’t have to be a never ending cycle of frustration!
We have designed our training programs to help traders of all levels to learn how to trade confidently.
- Learn The Foundation – No matter if you’re brand new to trading or have been trading for decades, each one of our traders starts by learning the foundation of our trading methods. This includes a step-by-step online training curriculum so you can quicly learn basic terminology, strategy basics, and everything else you’ll need to know so you can start trading.
- Learn to Develop Your Skills – Our training programs go beyond theory. Our students are given practical steps to help develop their trading skills. Many traders never learn that trading is a skill. Step 2 is designed to bridge the gap between the basics of trading and the real world.
- Trade The Live Markets – Once you’ve learned the basics and developed your skills, then it’s time to trade the live markets. Let’s face it, trading is a lonely business, and many traders try to go it alone. Our goal is to build a community of professional traders who share the same trading strategies.
We offer many training programs for serious traders that can be tailored to suit your schedule and budget.
Download now Emini Academy Map Mastery Now
Here’s what you’ll get in Emini Academy Map Mastery
Emini Academy Map Mastery Sample
Course Features
- Lectures 1
- Quizzes 0
- Duration Lifetime access
- Skill level All levels
- Students 216
- Assessments Yes