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Day Trade Lifestyle Blog

Can Anyone Become A Trader?

Author: Michael Thompson

One of the ways to make money is through trading in the stock market. You probably want to become a stock trader but aren't sure how to go about it and what qualifications are required for you to become a stock trader. You therefore wonder, can anyone become a trader? The answer to this question is yes.               

How To Get Started Trading with as little as $500 dollars

Author: Blake Levison

Of all the questions beginners ask about the stock market, "How do I get started" has to be the biggest one. From the outside looking in, it must feel as though it is an impossible dream, only to be achieved by those with an immense amount of money and resources. Although it is important that you only invest money that is truly expendable, you can get started with as little as $500. Below we are going to discuss the steps to take to make your trade market dreams come true.

The Best Brokers to Setup a 
Trading Account

Author: Michael Thompson

Picking the right broker is essential if you want to be successful in the stock market. The broker that you choose has a big impact on your trading moving forward. We've assembled the best brokers and all of the information you should know to help you choose the best broker for you.

Top 10 Rules for Trading

Author: Blake Levison

It's important to know a thing or two before starting to trade. Beginners often learn the hard way, but it doesn't have to be like that. If you know about these ten rules, you will be much more successful and you won't make as many mistakes. Here are the top 10 rules that you absolutely need to know.
              
Here are the top 10 rules that you absolutely need to know.

Is It Possible To Make Money In A Down Market?

Author: Michael Thompson

Is it possible to make money in a down market?

The answer is yes, it is possible to make money in a down market. There are essentially two ways to do so. We will go into the details of both of them below.

How to Start Trading With
 An Account Under 25k

Author: Blake Levison

When your'e just beginning to trade, you might not have $25k in your margin account. It can be a little hard to successfully trade in that situation because of the PDT rule, but don't worry, there are a few ways around it and some very helpful tips and tricks that we will share with you.

What Is The Pattern Day Trade Rule?

Author: Blake Levison

The pattern day trader rule, also known as the PDT rule is a rule dreaded by beginners and sometimes experienced traders. Many traders that are just starting off don't even know what the rule is and what it means for their trading. We'll explain what the pattern day trader rule is and how you can avoid it.


The Books We Recommend for Learning to Trade

Author: Michael Thompson

Day trading can be described in two words, buying and selling. Basically, you deal with financial statements on several occasions within the same day, taking advantage of price movements. It may be a bit tricky for a newbie trader that does not know how to strategize well yet but luckily, we have these books to help you start making money consistently in the market and avoid common mistakes most traders make in the beginning.

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Wirecard Files for Insolvency After Revealing Accounting Hole

WCAGY - 06/25/2020

German fintech group Wirecard AG has filed for insolvency days after its CEO Markus Braun resigned and was arrested in relation to alleged market manipulation and false accounting. 

It is the first member of Germany's prestigious blue-chip DAX index to fail. 

The payments processor said in a press release Thursday that it had filed an application to open insolvency proceedings in the Munich district court "due to impending insolvency and over-indebtedness."

QQQ's Made New 52 Week Highs This Week. Where does it go from here?

QQQ - 06/26/2020

The Invesco 100 Innovators Fund was screaming this week. It has reached a new 52 week high and many are asking when it's demise will occur. 

With being so over purchased normally investors would have some sort of fear buying here. The main question to ask yourself is who are the buyers?

Are they big institution and fund investors or are they the new kids on the block. (Robinhood retail traders that recently discovered the stock market)

Whichever it is this stock has reached new highs and may not be quite yet. 
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Day Trade Lifestyle 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.
Day Trade Lifestyle's Senior Trader 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 Day Trade Lifestyle 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 2014 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. You accept that we do not have any responsibility for your investments.
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. Any third party apps, widgets, stock charts, and stock indicators displayed on our website should be ignored. Do not use Day Trade Lifestyle when making investment decisions.