The stock market lost over 33 trillion globally (CNN) and over 9 trillion in America in 2022. But we were still green for the year in our chatroom ELITE TRADER, LLC dba www.fastmoneytraders.com
Luke Murray created Lifestyle Trading and teaches discipline and what to watch out for when playing the stock market. He is in our chatroom early In the morning looking for premarket trades and explains why he make take a particular trade or let it pass due to news in the market. He also goes over the fees associated with each trade and whether it is a good idea to hold on to a particular trade for more than a day. Mostly he is in and out of a trade in the same day.
There is no smoke and mirrors here, no trading with large accounts that is not reasonable or feasible for the average day trader. We do not brag about clients making a million dollars in one year when they are day trading with millions of dollars to start with in their accounts, as that is not the average day trader. We show you our wins and our losses. At www.fastmoneytraders.com we teach and preach how to play conservative in the stock market and that when you are up to take your win, pull your money out and to pay yourself. While trading can be lucrative. Even professional traders make losing trades on a day-to-day basis.
Having several seasoned day traders in our chatroom adds additional trading knowledge and experience. There is a saying that day traders who trade together win together. Day trading takes true discipline and patience. While trading can be lucrative. Even professional traders make losing trades on a day to day basis. Make sure you are in the right day trading room. Luke’s niche is shorting stocks and he is one of the most consistent day traders in the marketplace.
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.