The rise of a day trading strategist : Candace Pendleton? I’m not your typical day-trader. I’m a mother who struggled for years to provide for my family. Twenty years ago I was married to a wonderful man (Bill) with the perfect family. We had two babies under the age of three and life was perfect… until Bill was diagnosed with terminal cancer at the age of 47. He died 62 days later. The shock was nothing less than crippling. With very little money and no skills, the only thing I had left was the determination to never give up. A tiny ray of light appeared when I discovered day trading futures. And just like every newbie, I took trading courses and begin trading.
Candace Pendleton is a prolific trader and mentor with over two decades of experience day trading the futures market. Using her system and coaching, thousands of people trade profitably and achieve financial freedom. She founded 123EasyTrade in 2010 and Commodities University in 2015. Good Morning Candace! I have to share my tradings with you, I started trading to day at 7:15 a.m. and stop by 9:00 a.m. I made $3,260.00. Hooray!! I use all my entries very wisely. Thank you sooo much! Have a great day!!! Marta. Dear Candace, Traded for 1 hour on Crude with 2 contracts made around $350 live money. rode some pretty good trends. Was up $550 then quit for the day. Your system is perfecto! Tomas R.
For the average investor, day trading can be a daunting proposition because of the number of risks involved. The U.S. Securities and Exchange Commission (SEC) highlights some of the risks of day trading, which are summarized below: Be prepared to suffer severe financial losses: Day traders typically suffer severe financial losses in their first months of trading, and many never make a profit. Day trading is an extremely stressful full-time job: Watching dozens of ticker quotes and price fluctuations to spot fleeting market trends demands great concentration. Day traders depend heavily on borrowing money: Day-trading strategies use the leverage of borrowed money to make profits. Many day traders not only lose all of their own money, they wind up in debt. Don’t believe claims of easy profits: Watch out for hot tips and expert advice from newsletters and websites catering to day traders and remember that educational seminars and classes about day trading may not be objective.
Keep in mind that there’s plenty more to learn once you have successfully completed our trading education course. You can easily register as a member of our trading education website. Here you will receive access to numerous free trading education materials, such as quizzes, articles and insights and become part of a vast network of like-minded individuals who can also help you on your quest to learn how to effectively trade. Last but not least, our 1-2-1 trading education is now offered not just face-to-face but also online via webinars, allowing you to take part from wherever you are. All of the trading course materials will be recorded for your future convenience, allowing you to re-visit and refresh your knowledge later on.
I made 156 ticks LIVE MONEY trading the Nasdaq and the Russell. I quit trading around 10:30 est. I traded for approximately 1 hour to make $1,560!! Thank you for sharing your knowledge with us! Your system works really, really well. Stephen P. Hi Candace, Just to keep you posted, today I made $2,310.00 live money during lunch!! Marta P. First of all I can’t tell you how much I enjoy learning from and trading with you. You are truly caring, understanding and very informative. I am up approximately 13 points (I think that is the same as ticks?) this week after trading with you. This is in live money and trading only one contract at a time since I am still a newbie. I have found it very helpful to trade in a group as it is a more reassuring and learning environment. Thank you for all your help and the information that you have taught me. I still have lots to learn and am anxious to do it with you as my coach!
There also are some basic rules of day trading that are wise to follow: Pick your trading choices wisely. Plane your entry and exit points in advance and stick to the plan. Identify patterns in the trading activities of your choices in advance. Many day traders end up losing money because they fail to make trades that meet their own criteria. As the saying goes, “Plan the trade and trade the plan.” Success is impossible without discipline. To profit, day traders rely heavily on market volatility. A day trader may find a stock attractive if it moves a lot during the day. That could happen for a number of different reasons, including an earnings report, investor sentiment, or even general economic or company news.
A market without an obvious direction (lateral movement or flat) is considered unsuitable for binary options trading, with the exception of situations of fairly wide flat, at least 3-4 candles in one direction, when you can open short-term deals on a rebound from the channel borders. For short-term options, the most effective strategy will be to open trades after the breakdown of the trend line and the subsequent reversal in the main direction. More or less like this: When the first signs of a reversal appear, we open a PUT on a downtrend or a CALL on a rising trend. The duration of the transaction depends on the scale of the chart. The most reliable options are worked out, whose expiration period is at least 2-3 times longer than the period selected for trend analysis. The larger the time frame on which you see a strong trend, the longer the trade should be.
The ascent of a commodity trading expert : Candace Pendleton: There was a time years ago when the only people able to trade actively in the stock market were those working for large financial institutions, brokerages, and trading houses. The arrival of online trading, along with instantaneous dissemination of news, have leveled the playing—or should we say trading—field. The easy-to-use trading apps and 0% commissions of services like Robinhood, TD Ameritrade, and Charles Schwab have made it easier than ever for retail investors to attempt to trade like the pros.