“When you plan for the trade and enter a position, you have a minimum of information regarding the market and the validity of your idea. As the market moves after your entry, you will receive new price action and data about your initial trade idea: the price action of the stock is either supporting or not supporting your reasons for being in that trade. Therefore, you need to manage your open position.”

— How to Day Trade for a Living: Tools, Tactics, Money Management, Discipline and Trading Psychology by Andrew Aziz
https://a.co/cyzWZ9t


“And please, remember, my philosophy of trading is that you must master only a few solid setups to be consistently profitable. In fact, having a simple trading method will work to reduce confusion and stress and allow you to concentrate more on the psychological aspect of trading, which is what separates the winners from the losers.”

— How to Day Trade for a Living: Tools, Tactics, Money Management, Discipline and Trading Psychology by Andrew Aziz
https://a.co/buk0stB


“Another point to remember is that in the market right now, over 60% of the volume is algorithmic high frequency trading. That means you are trading against computers. If you’ve ever played chess against a computer, you know that you’re eventually going to lose.”

— How to Day Trade for a Living: Tools, Tactics, Money Management, Discipline and Trading Psychology by Andrew Aziz
https://a.co/5CQKLkm


“If you cannot recognize who is winning the battle stand aside. Let the bulls and the bears fight with each other and then enter trades only when you are reasonably certain which side is likely to win.”

— How to Day Trade for a Living: Tools, Tactics, Money Management, Discipline and Trading Psychology by Andrew Aziz
https://a.co/eHoAq4y


“take a look at the educational programs run by Jim Dalton and Terry Liberman (www.marketsinprofile.com) as another possible place for connecting with like-minded traders. Another two well-known trading forums are Elite Trader (www.elitetrader.com) and Trade2Win (www.trade2win.com). Indeed, if you have a favorite trading platform or application, connecting with traders who are using the same tools can be quite valuable. Market Delta (www.marketdelta.com) and Trade Ideas (www.trade-ideas.com) run educational programs and online chatrooms for their users that I’ve found useful.”

— How to Day Trade for a Living: Tools, Tactics, Money Management, Discipline and Trading Psychology by Andrew Aziz
https://a.co/fcGL8or


“Two long-standing trading rooms are Linda Bradford Raschke’s trading room, which emphasizes technical trading across multiple markets (www.lbrgroup.com), and the trading room run by author John Carter and Hubert Senters (www.tradethemarkets.com).”

— How to Day Trade for a Living: Tools, Tactics, Money Management, Discipline and Trading Psychology by Andrew Aziz
https://a.co/hfaYIcC


You Weren’t Meant to Have a Boss

It’s the same with work. The average MIT graduate wants to work at Google or Microsoft, because it’s a recognized brand, it’s safe, and they’ll get paid a good salary right away. It’s the job equivalent of the pizza they had for lunch. The drawbacks will only become apparent later, and then only in a vague sense of malaise.And founders and early employees of startups, meanwhile, are like the Birkenstock-wearing weirdos of Berkeley: though a tiny minority of the population, they’re the ones living as humans are meant to. In an artificial world, only extremists live naturally.

Source: You Weren’t Meant to Have a Boss


Places with Fast Internet

There are 905 Places with Fast Internet in Europe, Asia and Latin America like Lisbon, Canggu and Prague with an average cost of living of $2,929/month, internet speeds up to 120 Mbps and temperatures ranging from 1°C to 43°C

Source: Places with Fast Internet


I thought of you when I read this quote from “How to Day Trade for a Living: Tools, Tactics, Money Management, Discipline and Trading Psychology” by Andrew Aziz – “Most day traders, including me, use a buying power of around $100,000.” Start reading this book for free: https://a.co/gKfpu2s


I thought of you when I read this quote from “How to Day Trade for a Living: Tools, Tactics, Money Management, Discipline and Trading Psychology” by Andrew Aziz – “In the U.S., some of the most well-known direct-access brokers are TD Ameritrade, Lightspeed Trading, Interactive Brokers and CenterPoint Securities.” Start reading this book for free: https://a.co/9Y16J6i