Day Trading this morning and walking away with $300 on a easy Short Setup Pre Market. I waited around till 11 and couldn't find any good setups so I just called it a day. The best DayTrades sometimes are none! Remember the Stock Market is built to take your money so you've gotta make sure you only put your money to work when the Action is on your side.
Want to support the channel for only $5 a month? Also get the chance to win stuff and join in on Member LiveStreams? JOIN! https://www.youtube.com/channel/UCTovmBbgOEgi4iXqSH3IxjQ/join
Find out more about the Scanner I use Trade Ideas here-
YOUTUBE SUBSCRIBERS USE THE CODE "PATRICKW15" for 15% Discount on all Products!
Come join FREE DayTrading Facebook Group!
Get an amazing offer at SpeedTrader.com Broker by using this link!
Follow me on Instagram
Business Inquires- [email protected]
#DayTrading #StockMarket #PennyStocks
Hey Patrick I'm opening a suretrader account, just wanted to know your recommendation on the level 2 for the platform. Should one just get the basic level 2 for 104$ or the Nasdaq total view one for 124
Happy to be a part of this, and the $5 bucks in minimal by comparison. Patrick has been an invaluable asset to me learning, and continue learning, how to day trade and be successful. I'm all for anyone who can be successful and generous enough to pass on that information without draining my account! Thank you Patrick! Haters gonna hate!!
There is a class action lawsuit in play against $IGC; here's the link that might herp if you lost money in this fraudulent hype;
It's funny because once upon a time I knew a Patrick that said he would never charge us for anything trading related my how things change when people become corrupted you're starting to sound more and more like Ricky every day keep it up Patrick I'm glad you're happy
He said he would never sell courses or chatroom. The new YouTube algorithms has really hit content creator hard. There has to be a motive in order for people like Patrick to keep on making videos because these videos to cost Patrick time and time is money. Just skip one startbucks drink a day and you have access to probably the realest day trading content on YouTube.
+mrjoefly1 He still is transparent lol. There is nothing wrong with charging someone for a service you're providing. He never promotes products or services he would not use himself. I smell a bit of jealousy
All other trades seem really risky right now. Patrick mentioned a stock this morning and I was watching it (btw thanks dude!) and it was just blah after open.....went down but not hard down and then sideways.
Magnr is a handy cross-platform trading site connected to a few big Bitcoin exchanges. Accounts never require any personal data or identitiy proof. So signup is quick and possible with anonymous data.
Leverage is available at Kraken up to 5x for several cryptocurrency pairs, including bitcoin. The fees are depending on the volume of the margin account.
Bitcoin can be traded on GDAX up to 5x leverage. The margin trading option must be manually turned on the account in order to make sure the users understands and reads the associated risks.
Margin trading is basically borrowing funds to purchase an asset, this allows you to buy more bitcoins that you would normally be able to do normally in the hope of making bigger profits on the price movements.
Advantages of Margin Trading.
The biggest benefit of margin trading is that you can take advantage of the additional funds when the market moves in the direction you expected. The overall profit of the positions once the bitcoins are soled and the loan is repaid is significantly higher compared to an ordinary trade execution.
Disadvantages of Margin Trading.
The disadvantage of margin trading is by nature the amount of risk a margin account can hold. The higher amount of leverage you take the bigger amount of money you can loose in case the market moves in an unfavorable way. Due to the margin call, the margin account must be funded countinuesly that involves significant amount of liquidity. It is only advisable to trade on marking if you have enough experience already on the market. To mitigate the associated risk, many trading platforms only offers limited amount of leverage trading opportunites.