2021-02-25 Even though markets were down today, we were up over $1,200 day trading on a $50,000 account. The Dow was down -1.75% or -559.85 points, the Nasdaq was down -3.52% or -478.54 points and the S&P 500 was down -2.45% or -96.09 points.
Someone on Twitter asked how come our chatroom is not free, well first-of-all we are not striving for quantity, we are striving for quality day traders. A man in the free Atlas day trading chatroom announced that he lost over $175,000 in a single day when the stock markets dropped today. He stated he has been day trading since the 1990’s so he should have known better.
When people got their first stimulus checks, many young adults used that money to buy stocks thinking they can all get rich quick. Sadly, many people inexperienced day traders have lost that money they could have put to better use.
Luke Murray created Lifestyle Day Trading where you earn one percent on your account each day and then pay yourselves at the end of the week. Elite Trader, LLC has a proven track record of helping our clients meet their goals. Last year, 90 percent of our day trades were green days and 10 percent of our day trades were red.
We show you how to make money by buying and selling stocks based on candlesticks, volume, performance, research and our personalized scanner that we share out to our clients. We are not a quick get rich day trading chatroom, as with those there are few winners and lots of losers.
We take you through our trades as to why we are choosing a particular stock to buy or sell. Sizing is also important in day trading as well as not being married to your stock picks. We share our personalized scanner out to our clients on our monitor and announce our trades all live in chat. If you want to see some of the trades, after they have happened of course, you can follow Luke on Twitter at LukeMurray@EliteDayTraders
Disclaimer: The information provided in this article is as a service to investors. It is neither a legal interpretation or a statement of policy. If you have questions concerning the meaning or application of a particular law or rule, please consult with an attorney who specializes in securities law. Stop Loss orders and Stop Limit orders may not be available through all brokerage firms. Investors should contact their broker to determine which orders are available for buying and selling stocks, and their broker’s specific policies regarding these types of orders.