Many day traders have seen a stock rising and know they should sell, but they let greed get the best of them and they do not sell when they are up, then the stock takes a dive and they lose their initial investment. Or you short a stock and before you know it you are upside down $3,000.00 and then decide to cover it. Many people will become really good at protecting losses, but do nothing to protect their gains. Are you paying yourself in your wins or are you holding on and becoming greedy only to lose it all? In the game of day trading, when you are up, pull your money out, pay yourself and go enjoy the rest of the day.
Someone recently told me they made $50,000 in one day to turn around and lose it all. Had they taken at least half of that money out and paid themselves they would have been better off. It does take discipline when your wins are up to take them, but in the long run this is the way to win at day trading. Luke Murray teaches to take your wins, pay yourself and enjoy the rest of your day with his lifestyle trading that he coined several years ago. Other chat rooms follow his life style teaching, but they cannot beat his mentoring. Luke walks you through each trade and explains what you are looking for in volume and in what range of price you are looking for the stock to reach or to drop to in shorting a stock. Whether he is buying a stock that is going up or shorting a stock that is going down, Luke’s chatroom is the way to go whether you are a seasoned day trader or you are a newbie.
Luke is live on the mic thirty minutes before the bell rings putting together that day’s watch list for day traders. He sends out a weekly swing trade list on the weekend for that week. Luke is doing live mentoring on the mic all day on every trade and answering questions that may come up from people in chat. No other mentoring room or school on the Internet offers what we do or at this low of a price. We can keep our prices low, because we do not pay for affiliates nor do we pay for multiple moderators who really do not have the experience or expertise that Luke Murray has in the day trading business.
For only $79.99 a month, you can learn how to day trade, how to do swing trades, when to sell and when to buy and to pay yourself when you are winning. Our ever-growing satisfied customer list is proof that www.fastmoneytraders is the chatroom you want to be in day in and day out. Even if you are traveling, our chatroom service will work on your Android or I-phone, so that you are not losing out on possible trades. Luke shares his screens live in the chatroom, so you can see exactly when he is getting into a trade and when he is getting out. No other chatroom does this!
Great article, as a day trader I need to be reminded to pull my money out, which is why I am glad you wrote this. Looking forward to reading more great articles from you guys.