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    The Brutal Reality of Day Trading for Beginners
    The Brutal Reality of Day Trading for Beginners
    The Brutal Reality of Day Trading for Beginners
    Ebook146 pages2 hours

    The Brutal Reality of Day Trading for Beginners

    By J.R. Calcaterra

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    About this ebook

    Trading is absolutely the most difficult challenge that you will undertake in your life and will test your emotions, patience and be more than you ever could be prepared for as a self-directed beginner trader. While trading is certainly easy once you know what to do, learning it and becoming successful at it can be long and brutally hard or slow and consistent, that part is up to you.

    The brutal truth is that there does not have to be failure to gain success if you have the right information from the very first day you start off learning this business. Unfortunately though, brand new investors and traders are given mostly the wrong information and taught to do things that in the real world of trading in live markets are not even realistic to do and can cause them to lose money right away. Some of the things you will read in The Brutal Reality of Day Trading for Beginners are harsh for sure however they are the truth in trading.

    The Brutal Reality of Day Trading for Beginners is designed to give the brand new self-directed beginner investor and trader a harsh reality check on trying to do this business and not having thought it through or having and working from a rule based plan.  The basic information they need to get going and start making money right away in the financial markets is within this short book. Everything that is in this book must be done by all brand new investors and traders. All successful market participants have had to do everything that is discussed in this book, there are zero shortcuts and should you try to take one and not learn what The Brutal Reality of Day Trading for Beginners tells you, you will most assuredly lose some or all of your hard earned capital.

    The information The Brutal Reality of Day Trading for Beginners will help you to cut down your learning curve and put you on the fast track to making real income from the live financial markets right away if you can grasp the basic principles right away. There is no timetable set in stone on how long it should take to learn to do this business the right way from the first day, you don’t need to be in any hurry because the market is always going to be there waiting to pay you!

    LanguageEnglish
    PublisherJ.R. Calcaterra
    Release dateSep 28, 2015
    ISBN9781516322404
    The Brutal Reality of Day Trading for Beginners
    Author

    J.R. Calcaterra

    J.R. Calcaterra is a worldwide respected trading mentor and author who is from the Great Lakes State. A successful position trader J.R. likes the freedom that investing and trading gives him to pursue his other passions which are many. Being a firm believer of keeping it simple when investing and trading J.R. has developed a winning method with a rule based plan which allows him to swing trade and position trade and have zero stress zero drama and zero complications. J.R. took the capital he made from his former day trading business and parlayed that into starting a Nano hedge fund which he now runs. Having the hedge fund and only doing position and swing trading have given him even more free time. J.R. is a mentor to aspiring new traders who need extra help in understanding what it takes to become consistently profitable in the investment and trading business. J.R. loves to travel to exotic locations and takes full advantage of the freedom trading gives him. He can manage the fund from anywhere on the planet there is WIFI and takes full advantage of the fact that trading can be done from anywhere in the world. A car enthusiast J.R. likes very fast cars and drives an old German car that goes real fast.

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      Book preview

      The Brutal Reality of Day Trading for Beginners - J.R. Calcaterra

      The Brutal Reality of Day Trading for Beginners

      The Harsh Truth about Day Trading

      By J.R. Calcaterra

      Copyright 2015

      Who I wrote this book for and why I wrote it

      I wrote this book for all the aspiring brand new traders who go online and do a search to find information on how to do financial market trading. Does not matter whether you want to day trade, swing trade, or be a position trader/investor the road to success in getting there is the same for all of them.

      There are zero short cuts to making money in the live financial markets. Should you try to get fancy and skip a step in the progression of things all new prospective traders must learn, you can be assured of an unfavorable financial result.

      There is a certain progression of learning as I said and unfortunately there is no way around it. The steps to learning how to work in the financial markets are the same for every new trader no matter what their level of education when they start out.

      Just because you have an MBA from Harvard or Columbia business school does not mean you will be able to be successful in the live financial markets it just means you paid a lot of money for a good education from a good school. I have a very high degree of education and still had to start with the basics and progress up through the various levels of proficiency to get to where I am today.

      All elite investors and traders who are consistently profitable on a daily basis have traveled down the same tracks when learning how to drive their money train. Your journey will be no different than any one of us who have made to the level we are at.

      Every elite investor and trader who has made it will tell you the same thing. It is not a get rich quick business, it takes some time and a lot of effort and that you’ll need to be patient. Every single trader I associate with all possess the same traits. They all make money management their number one priority when working in the live markets, they all know what makes them tick (no pun intended), and they all use a rule based plan to work from.

      All elite traders treat investing and trading as a business and so should you if you want to be successful right from the start. A friggin 12 year old can be a millionaire in this business if they are taught trading the proper way from the very start.

      Brand new traders all make the same mistakes over and over because they don‘t know any better, now you do. They do what everyone else is doing and study what everyone else is studying thus they have the same results and failures as everyone else, don’t be that trader! If you can just take the time to read this information in this book, let it sink in and then continue on your educational journey you will have done yourself a huge favor and also begun to give yourself the needed edge to succeed in this business.

      I wrote this book for all beginning aspiring investors and traders who are just getting their head around doing the day trading and swing trading business and it should be the first book a brand new beginner reads before any other books on trading as far as I’m concerned. Everyone has their own ideas of what they think day trading and swing trading are and what it can do for them, but you need to look at it from a realistic perspective from the start.

      The Brutal Reality of Day Trading for Beginners is for beginners and will detail many of the things that a brand new trader must learn not to do before they can become consistently profitable in the live markets. It will also talk about some of the harsh realities of a beginner attempting to day trade in the live market, who knows, you might be scared stiff by the time you’ve finished reading this book, no harm in that because you need to learn this business right the first time from the first freakin day if you want to become wealthy from trading.

      Picture yourself throwing all your startup capital into the bon fire at the party you’ll throw for yourself for starting your new trading business up and watch it burn up in smoke and flames right before your very eyes. You smell that? That’s all your money burning up because you went to fast or did not learn what to do the right way from the first day of your business and did not develop the needed edge to compete at the highest level. Trust me when I say, the sharks in the market will chomp up your trading account without hesitation. We’ll get to the sharks a little later on in the book so you know who they are and what they can do to you as a brand new beginner trader.

      This book is for people who want to start their own business and become investors and traders in today’s financial markets, but have zero experience and are looking for the best quality information to get them started. If you pay attention to the information in this book you can avoid becoming one of the ‘sheeple of the herd.’ Don’t get yourself fleeced up beyond account recovery (FUBAR)!

      There are only two groups of people who are doing business in the markets, the professionals and the retail investors and traders. The retail group includes both wanna be traders and also brand new traders with zero experience at all who are just trying to be cool and say they work in the market.

      Listen I am not going to sugar coat it. If you are thinking that trading and investing in the live market with your hard earned real money is going to be easy and you are going to make millions of dollars doing it you are in for a rude and very expensive awakening. Don't get me wrong you can and will make some money every day in the live markets perhaps LOTS OF IT if you do what it says in this book. Nothing in the market is guaranteed though; it's about putting all the probabilities of having a positive outcome in your favor that helps you win.

      The Brutal Reality of Day Trading for Beginners will be an excellent introduction for someone has zero or very little experience in the financial markets for what they can expect to research and learn if they want to have any chance at being successful making real money in the live markets. If you’re brand new this book will give you a head start, if you have a little knowledge already I hope this book can give you more information and help you learn something new.

      Use this book as an overview or a guide if you will, to what to study and learn first to become consistently profitable trading the financial markets. I give you concise information as to what to learn first and what to look for as far as further information is concerned. I tell you only the most critical things to learn first because those are absolutely the most important and the ones that will make you money right away if you do them. This book is written to provide straightforward, easy to understand and easy to apply advice, tips and techniques that can be the backbone of any successful traders success in the financial markets.

      Instead of trying to read this book fast I recommend that you go slow and look up and search for the main things the book talks about that will help you to become successful right away. Skip over anything that is important and it could for sure cause you to lose some money. No one wants that now, right?

      I did not put all the history of the markets and all the stats in this book. You can look all of that up online at your leisure if you want to know that information. While it is good to know, it will not make you real money in the live financial markets every day.

      The Brutal Reality of Day Trading for Beginners will be an incredible read for someone who has zero knowledge or someone who has some basic experience who is struggling with their trading and investing. I purposely do not put any charts or graphs in this book and I will tell you why. This is a very good book for the novice as it is easy to absorb information; since you’re new all you need to do at this point is try to absorb what is said here.

      This book is about giving you the best information you need to really give you a fighting chance at becoming successful in this business. I try to keep industry jargon to a minimum and give links to locations where more education and training information can be found online and for free. You will have plenty of time to be wowed by pretty colored charts and graphs trust me on that!

      Simple, basic and easy to understand, if I can give you one word of advice at this point in this book I will tell you to keep it simple because trading really is simple if you keep it that way. You do not need any indicators or fancy systems, methods or software that the so called gurus are all touting. The market only works on supply and demand and supply and demand is the only thing that as I said earlier moves price on a chart from one value area to another. Doesn’t it make sense then to study what makes the market do what it does and use that as your trading method?

      To me it is a no brainer however most brand new investors and traders are of the notion that they need some sort of fancy system or method. As I said, keep it simple and it will be, there is no easier and faster method to learn than supply and demand so I encourage you to get right to it and learn how and why the market does what it does and then go in there and get paid from it. This book cuts right to the core and lays out a progressive foundation of principles on which you can indeed begin trading for high profit as long as you have done the education and training the right way from the first day.

      Here is the first tip I can give you. Don’t waste time on learning things that will not help you make money in the live market. You don’t need to know the history of the financial markets and what all the old time guys who made a lot of money did to make their loot. It’s not even the same market or economics as it was when they were in the live market so don’t waste any valuable education and learning time on learning that information.

      I encourage you to begin to learn only what will make you money in today’s markets. If you would like to go back and study all that history once you have become consistently profitable on a daily basis so be it. If and when you do become successful in this business you will have a lot of time on your hands anyway because at that juncture trading is boring and it is a lot of waiting around.

      In the meantime though, let’s get you learning how to drive your new money train down the tracks of gold to the front door of your bank so you can deposit all the profits you are going to learn how to take out of today’s markets. You don’t need to know what happened in the market 100 years ago you need to know what is happening in the market right freakin now and how to make money from it.

      Learning to be a great investor and trader does not have to be a long, hard road—trust me on this. I had to unlearn a lot of things that are of no use to anyone in the live markets. I don’t want you make those same errors. Let’s try to cut down your learning curve so that you can start making real money right from the start of your new investing and trading business.

      I am giving it to you straight and have tried to give you in this brutally honest book the truth of what happens in real life, in real time and in real money in the live markets every day. There are no short cuts and you must do the time if you want to

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