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So, you want to learn how to trade stocks? You're not alone. Aside from the thousands of professional traders already out there, you're now joining thousands more new traders who have joined us since COVID-19 and the associated lay-offs and corporate restructurings around the globe. It's fair to say that Wall Street has felt the impact of those new retail traders!
Whether you are looking for a side hustle for some extra monthly cash, or you plan to become a full-time Professional Trader, we can help. While our trading techniques apply to most markets, including Crypto, Futures, and Forex, we specialize in Day Trading, Swing Trading, and Long Term Investing. We're Technical Analysts. At Lake Life Trading, we pride ourselves on being transparent about everything during your educational endeavor to become a profitable stock trader. We strive to "keep it real and keep it simple." We try not to overload you with excessive data which doesn't matter in becoming a profitable trader.
However, to learn to trade stocks effectively and profitably, there are several things that you'll need to know. Trading Psychology, Basic Financial Fundamentals, Money Management, Trading Strategies, and at the top - Technical Analysis.
Let's dig deeper into what it means to be a profitable stock trader.
For most of us, trading isn't really a job. it's a passion! We love the chart science of Technical Analysis and figuring out what "should" happen next in the future, with price action.
The first thing you should know is that 90% of traders fail in the first year. They fail because they don't have enough information, patience, desire, or "gumption." We don't give you the failure rate to scare you but to be transparent about what it means to become a successful trader.
For most Profitable Traders, the adage; "Find something you love doing that pays and you'll never work a day for the rest of your life," applies.
One of the first questions we usually get asked by new traders is, how long does it take to become a "full-time/professional" or consistently profitable trader? The answer, like most things in life, is that it depends. More specifically, It depends on you!
What type of person are you? Do you have a photographic memory (eidetic)? Are you the type that can master anything quickly? What is your aptitude to absorb, retain, and utilize technical information and specifications? Are you fascinated by what makes the stock market work the way it does? Are you open to unorthodox educational ideas? Are you committed to learning new educational ideas? It's different for everyone.
Doing your "job" as a profitable trader means having patience, and waiting for the best setups. You've got to know what to look for. Once you're in a trade, you'll have to have the self-control to hold, until it's time to exit the trade.
This being said, trading is a fantastic and rewarding profession! Maybe the best there is. It provides great income and ongoing growth opportunities. It can provide you with the financial resources that you've always dreamed of having. It can give you the option to help others and change the lives of your loved ones. It's awesome!
The next question we usually get is, IS THE STOCK MARKET RIGGED?
Great Question! However, because this is a highly politicized and contentious question, we prefer to know to whom we are disclosing our answer. Feel free to sign up for free to read our answer.
What does all of this mean to you? It means the sooner that you get started, learning how to correctly trade and the mechanics of how successful traders operate, the better off you will be!
Your free trading education here will give you a firm foundation of how to become a profitable trader, as quickly as possible. It will also teach you that there is no magic indicator or magic bullet, to consistent profitability. It doesn't exist, or everyone would be rich from using it. You'll figure out that most indicators are too slow, because they are lagging, behind the current price action. You'll learn that there are only two leading indicators, price action and volume. We use sentiment, patterns, and previous price zones to estimate what "should or might" happen, but in the end, the most important thing you need to know is how and when to set up a trade and when to get out.
Put it all together and you'll have the best shot at becoming a consistently profitable trader!
Trading Psychology
Financial Fundamentals
Technical Analysis
Money Management
Trading Strategies
Fibonacci Sequence was discovered by Italian Mathematician Leonardo Bogola in 1202. To over simplify, It basically states that in a series of numbers, when the two previous numbers are added together, the resulting number becomes an important number in price action. Join Free here to learn more about Fibonacci.
Lake Life Trading Company, llc
Lake Murray, South Carolina USA 29036
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