Day Trading Advice: Trading Is A Mental Game

A real trader gives insight on what it takes to become a successful trader in this video from Lightspeed Trading's (http://www.lightspeed.com/individual.aspx) Trader Talk Series.

Category:

Education

Tags:

• active trading platform
• professional trading
• day trading
• electronic trading
• lightspeed trading
• lightspeed financial

[choud2403]

I don't agree on the idea that if I can buy on a bid right away means lots of seller. It could be I am buying on a pull back but according to my chart it's a bullish up trend. So Level II means nothing to me. I personally depend on chart and time & sale.

[investorspolldotcom]

Very true.  It's not as easy as it looks.

[jreese6969]

@choud2403 Plus nowadays Level 2 is very manipulated. I am like you. I dont use it, have been very successful without it

[Jacky2116]

Trade on high volume fast moving stocks, ride the trends on both long and short positions. Making money is the ONLY goal instead of winning every trade or going against the market.

[eddyvideostar]

To: liljonsp616. The very simple solution would be: to buy some at the offer and try some at the bid. One may accumulate ON THE WAY UP! (The caps for emphasis).

[SilverShamrock71]

if it's easy to buy short it....

[liljonsp616]

If you sitting around all day trying to buy on the bid your going to wind up chasing a stock 9 times out of ten.Trust your judgement and buy on the ask like everyone eles.That 1 cent difference trying to out smart everyone will cost you.

Simply watch for institutional blocks to trade and follow them in either direction.

The market has a horde mentality follow the big money and you will do well.

Buy the dips sell rips works until it dosent work lol..

[oliverkala]

This guy is awesome; I just found the best group of traders around. They have the best stocks around plus free trading tools. There called  007stockchat you can google them.

[brotherskeeper7]

I appreciate the straight talk. This is a good Video. I will learn how to do this, by starting small, respecting the ones that have been in the trenches for a while.

[cote1212]

Smartest advice i've ever seen on the web: Start small! 75% mental, 25% discipline.

Don't listen to buyystocks, taking the mental part out is impossible, but dealing with it is.

[Fxactivities]

Trading is psychology game. 100% mental game. The market can do whatever movement it want but if you do not have the trading mentality game you are out. Agree you with fully. Trading successfully come from experience. 10 years, 18 years.