Guerrilla Trader
COLD HARD FACTS
We use many of the common indicators such as Stochastics, RSI, Fibonacci, Support, Resistance, Trend lines, Bolinger bands, Keltner Channels, MACD and other technical indicators. Indicators are imperative for trading, but only when combined with years of real time market use do they become truly understandable. There are hundreds of companies ready and willing to teach you how to read historical charts and learn to identify trading patterns, setups, where to enter, etc. One of the best websites is " MONEY SHOW.COM " They have a wealth of information. Tutorials, videos, research tools on virtually everything about trading and most of the information is FREE!
You MUST learn as much as possible about technical analysis, this is critical. But the reality is that when you apply all you have learned to the market in REAL TIME the future is not so easy to predict. There is a reason that approximately 93% of day traders fail to become successful traders.
To be a successful trader you can expect to spend about 2 years of your life, 8 to 10 hours a day, thousands of dollars on training manuals, DVD's and seminars, and then blow out 3 accounts. After this there is still no guarantee that you will be part of the elite 7% of traders that make the cut. The stock market is designed to take your money, period. It will send your emotions to levels that blind your ability to make clear decisions. Being a successful trader and making "EASY MONEY" will be the hardest thing you have ever done. This is why we are here. Trading alongside us will help you understand why you must remain very calm at all times, have the utmost patience and wait for the trade to come to you. It is then that you can become the proficient, professional day trader you have worked so hard to be.
