 This is bottom frag here with x trades. This is our day trading guide part one beginning to trade Let's hop right into it In this tutorial you'll find key components and tools that you need to be a successful Trader and start your day trading career This course will be broken into parts that lay out the foundations of day trading as well as its core principles And how you can utilize them to find an edge in the market To begin with the very first thing that we need to consider as day traders is the best broker that fits your needs There's a number of them choose from both paid and free that come with unique benefits as well as their own drawbacks in this guide We're going to focus on day trading as a day trader It's in our best interest to maximize the edge that we find in the market and adapt to all conditions That the market gives us and for this reason I will recommend a few great brokerages that are both popular with the community and can help You realize this edge For simplicity and toiveness. I recommend weeple Weeple as brokerage gives day traders a well-rounded field for the market it offers shorting and has no fees The drawbacks with weeple are its less installer approach to options trading and a lack of range on what stocks you can short However for beginner day traders an ideal solution to start off with Next I'd like to mention TD Ameritrade using their thinkorswim brokerage platform Many professional traders that I know use TOS and many find success with its range of customizable features and charting capabilities it has superior share executes compared to other platforms and it's a solid choice for an advanced trader as You may have noticed or found out a lot of professional day traders use multiple brokerages at once And they have separated accounts to perform certain activities One of these activities is shorting With the state of the market right now I find imperative as a day trader that you should be well versed in both the long side as well as the short side And if I had to recommend a brokerage to do it with I would recommend Cobra Cobra has fees for shorts, but has one of the widest range of companies available to short It's worth checking them out When you're unable to short with other brokerages. So those are the tools that you need to get it done and Moving forward. What do you also need is a a solid computer setup? I Recommend as a career day trader myself. I recommend a desktop computer Not trading off a phone or a laptop and the reason being is the information visuals and processing power Something that a phone or laptop will not give you as clear or as effectively as it should I'd like to talk about the monitors. I'd recommend no less than three and no more than four You want to have information you need on your screen financial Twitter chat rooms watch lists live streams and scanners But you also don't want information overload My favorite setup is two widescreen monitors stacked together with two vertical monitors on either side And I'd also recommend finding a good stock market scanner Most of them are paid for and but some are free like finviz But it's worth paying for real-time scans with the dedicated scanner to get news and movements immediately Plays in the market happen fast and sometimes all you need to do is show up My recommendations for scanners are Benzinga finviz scans trade ideas As well as unusual whales for options trading they offer an comprehensive lift to the real-time contract trading flow and it can be really useful when you're trading options and you need to see what the whales are doing and what they're moving because as you know whales make a splash in the market and A lot of the time you're just writing on the wave that they create moving on Starting the day Did you know Trading doesn't start when you sit at your down at your desk long onto your broker and slam the buy button Starts way before that Starts when you go to bed have a proper night of sleep and eat a nutritious meal to start the day When trading you need to be relaxed and focused and most importantly free of distractions Trading cannot and should not be half-assed or you will fail almost every time 90% of day traders fail simply because they don't have the time they don't put in the effort or they don't Have the energy to stay awake in front of the screen for Four or five six hours at a time That's why it's imperative as a day trader to be free of distractions and realize trading is a full-time commitment You have to treat this as if you were to have a business and the general rule of thumb is if you have something else to do During the day an appointment meeting if you're fighting with your girlfriend and fighting with your boyfriend You shouldn't trade at all. It's better to make nothing than be read period So set aside the time sleep your eight hours make your breakfast and make it have it to set your alarm For pre-market be it by 7 a.m. For day trading be it by 8 30 a.m These are good times to be awake and alert to trade pre-market or open market because you need to get into the habit of making a setup and drawing your levels and understanding your supply and demands and Virtually having a plan you can't trade without having a plan as well as building Good habits. That's another thing With day trading, it's all about building good habits when you see your profit target And you hit your profit target. That means you have to sell you have to become a computer You have to ritualize this into your morning routine Waiting for setups to recur following your rules and rules are everything in day trading Anytime that you feel Greed when you trade anytime that you feel elation when you trade It's probably time to get rid of the position that you have In the next part of this guide. I will go over critical rules. Every trader should take the heart But for now, we're gonna focus on building good habits You have to be aware of the open market conditions as well as any financial events occurring today Awareness is key and without it traders will fail and they will not last long as a day trader And that is it for this Slide, I hope you guys took something away from this And until next time hit that like button hit that subscribe button and we'll see you in the next