This is your one stop go to help center and faq section.

It is designed to be a lot more comprehensive than the conventional frequently asked questions. You will find answers for most of your questions here. However if you ran into a question that isn’t listed here, do not hesitate to contact us anytime by visiting contact us page.

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Answers to trading questions

What is PDT?

The rules adopt the term “pattern day trader,” which includes any margin customer that day trades (buys then sells or sells short then buys the same security on the same day). Under the rules, a pattern day trader must maintain minimum equity of $25,000 on any day that the customer day trades. to top

How long does it take to become consistently making money?

The learning curve for day trading varies on the amount of time, dedication and account size as it will most likely decrease during the learning process. Many will try to succeed but will inevitably fail. to top

What is a margin call?

When a broker demands a trader to deposit additional funds or liquidate existing positions due to insufficient funds. to top

What trading platforms do you use?

I use Scottrade Elite and TOS. to top

What changes should be made in order to get better results?

A very real but difficult question to answer as each individual trader has their own individual issues to deal with. Mental change is the most important change in my opinion before any technical changes. to top

Why should we explore other options or directions?

Just because day trading doesn’t work for you means that you’ve failed and should give up. You may not be able to adapt to the fast-paced lifestyle of a day trader but could do better with FOREX or FUTURES trading. Even swing trading or position trading could be explored. to top

Can I trade with $500?

Of course, you can if your platform would allow you to. I personally don’t think it’s a wise idea and might just be money wasted. to top

Can I make $1000 a day being a new trader with a huge account?

It may seem like an easy task but many new traders will fail and should start with a much smaller goal even with a huge trading account. Being consistent is important. to top

Why do all my positions go red?

Trades are not working for you and this will lead to frustration and eventually failure. You are not ready yet sadly and should take a step back with smaller position sizing. to top

Why when a position go green I cannot take profits but hold them into the red?

This is an emotion issue that needs to be addressed with immediately. Being greedy will cause much destruction and not being able to cut a red trade will also end in the same fashion. to top

Do I need more than 1 screen to day trade?

You do not need more than one screen to day trade but, it will make your day easier to monitor multiple positions. to top

Should I get scanners? Will they ensure gains?

Having intraday market scanners will allow you to be on top of much more that is happening in the market. They will not help you be a better trader if you do not understand basic trading. to top

Should I get a news feed? Will they ensure gains?

Having news feeds are great for understanding why stocks are moving. They will not help you to be a better trader if you do not understand how to read and interpret the news. to top

How many hours should I study a day/week?

I spend about 2-3 hours, 7 days a week studying and reviewing charts and trades. to top

What should I be looking for when I study or review charts?

I look at how volume depicts the direction of the trades. I look for daily volume increases or decreases as they correlate with the moving averages as they are a key criterion in my strategy. to top

What indicators do you use?

I use the 8/13/50 EMA. MACD and Stochastics. to top

Do you trade fundamentals or TA?

I’m a purely technical analysis trader as I use price action to depict direction and momentum. to top

What was the most important point that changed your trading career?

Finding the strategy that I use now opened my eyes to noise elimination. to top

What triggered the turning point in your career?

I hit rock bottom, blowing up my account and my wife still had the heart to support me. Gave me strength to continue. to top

What trading computer do you use and how many screens do you have?

I have an 8 screen Falcon Trading Computer. to top

How many charts do you have up at one time?

I have about 17 charts up at all time. Most remain on the core securities and ETF’s that I trade on a daily basis. to top

Why do you keep a trading journal?

Starting a trading journal was a good change in my trading career. Stepping it up a level with a “detailed trading journal” put my game to another level. Helped me to really filter out the errors in my ways. to top

Answers to general questions

When will I be able to access your live day trading room?

You will have instant access to our live day trading room upon successful PayPal payment. Usually takes no time at all or under a minute to be exact. When your payment goes through, just go to Members section if you aren’t forwarded there automatically from PayPal and click “Live day trading room” button. If you get logged out from our site for some reason while you were completing your PayPal payment, just log back in. You should now be able to have full access. to top

When are the U.S. stock markets are closed?

We have made a page on this specific question. It’s called Calendar. You may save it in your bookmarks or favorites in your web browser and you’ll be able to check it as often as you need. The calendar page is updated on regular basis. to top

What payment gateways are you supported by?

We utilize PayPal, the most secure payment gateway available on the market. You may link any major credit card or your checking account to PayPal. For more information about PayPal payments and PayPal subscriptions, please visit paypal.com to top

I have not received any confirmation details, why?

Kindly check your spam folder to see if your confirmation email was sent there. If you don’t see any email from us, then this is due to an incorrect email address you typed during registration. Please make sure that your email is correct when you register. to top