A trading bot or algorithmic trading system is a piece of software that connects to your trading platform(s). Trading Bots are designed to autonomously execute trades (sometimes thousands of round-turns per day) based on preprogrammed trading signals or indicators with the intent of turning a profit.
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What is the “Open P&L (Profit And Loss)?” The Open P&L is the profit or loss of your position at the current market price. As the market price of your position (e.g. stock, option, Forex or Cryptocurrency) changes, your Open P&L will change. It is not unusual that your Open P&L can change by several […]
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TLRY Stock News Everyone is talking about pot stocks, cannabis stocks, right? And one of the most popular ones is a company called Tilray, TLRY. Is Tilray a good stock to buy right now? Let’s jump in to TLRY stock news. Flavor of the year Let’s talk about cannabis stocks and pot stocks. Right now […]
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https://www.youtube.com/watch?v=nqSkocLlo0A&t=6s Profitable Day Trading There are four stages of a trader, and based on my experience, every trader goes through these four stages before becoming highly profitable with day trading. Stage One A lot of people start out trading notknowing what they’re doing or how to limit their risk, and without a system.This is how […]
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5 Habits of Successful People Let’s talk about the 5 habits of successful people that only 1% of the highly successful are doing. I interviewed a few, and of course I am also a multi-millionaire, so, these are a few things that I’ve learned and want to share with you right now. Habit Number One […]
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Things rich people do are different than what poor people do There are five things that poor people do that the rich don’t do and that’s what we’re going to talk about today. What are 5 things that poor people do that are different than the things rich people do? Number one I notice poor […]
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Millionaire Habit So you want to be a millionaire? Great, that’s awesome! You see, millionaires and billionaires think differently, and today we’re going to talk about a millionaire habit. Millionaire Habit: Better Skills = More Money There’s one thing that you can do that will help you to make more money: Acquiring better skills. Let […]
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Stocks vs ETFs Stocks vs ETFs (exchange-traded funds), what’s the difference? Which one should you trade and which has a larger profit potential? That’s what we’re going to talk about right now. 3 things you need to master to succeed with trading The first is what to trade. And there’s a lot of things that […]
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How to follow through with goals We all have goals whether it’s making more money, finding more time for friends or family or just getting rid of bad habits. Setting goals is easy, but sometimes it’s difficult to stick to them. Right now I’m going to show you a simple trick that will help you […]
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What Is A Stop Loss Order You need a trading strategy if you want to trade successfully. But you also need to have the discipline to follow that strategy. Today we’re going to talk about a question that I received last week and the question is: How can I control myself from moving my stop-loss […]
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Types of Trading Orders Types of trading orders: What is the difference between a trailing stop and a profit target? And which of these two is better? That’s what we’re going to talk about right now. When trading you need to have a trading system. There are 3 components to a trading system that you […]
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Information Overload Information Overload: These days there’s so much information available out there. I mean YouTube, Facebook, Google, e-mail, it’s very easy to get overwhelmed with all this information. But, there is a simple 3-step system that can help you with information overload and that’s what we are going to talk about right now. Information […]
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Good Till Cancelled vs. Day Order When trading there are two different order types. One is a day order and one is good till cancelled. What’s the difference between these two order types, and which one should you use when? That’s what we’re going to talk about right now. Day order vs. good till cancelled. […]
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How Much Money Do You Need to Day Trade? At least three times a week I’m getting the question, “How much money do you need to day trade?” And often people who ask me this are coming from a standpoint of: I don’t have much money right now, but I want to make some money. […]
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How To Get What You Want How to get what you want in life, fast. You want more in life, maybe more money, more time, more fun and you want it now, you want it fast. Good, because right now I’ll show you a five-step system on how to get what you want in life […]
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Bull vs. Bear Market Bull vs Bear Market: Let’s talk about bulls versus bears. What does this mean? What is a bull market and what is a bear market? If you’re new to trading, all this lingo can be confusing and I want to make it really easy for you. What does it mean? When […]
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Cashflow Quadrant Explained Cashflow quadrant explained: Have you heard about the book Rich Dad Poor Dad by Robert Kiyosaki? See, in this book, he introduces the Cashflow Quadrants. What is it and how do you use it? That’s what we’re going to talk about today. Have you read the book Rich Dad Poor Dad? If […]
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Swing Trading vs Day Trading People ask me all the time, “Should I day trade or should I swing trade? Which is more profitable?” And that’s what we’re going to talk about right now, swing trading vs day trading. Swing Trading vs Day Trading: Which one is better? Swing trading vs day trading, which one […]
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How to trade options How to trade options: Many people prefer to trade options instead of stocks. So right now, I will show you how to trade options using the PowerX Optimizer. Let’s get started. Disclaimer What I’m about to share is not an options 101. If you don’t know much about options I’ll write […]
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What Motivates You What motivates you and drives you, making you do the things that you do? We’ll talk about this right now. There are two things that are driving and motivating you. These two things determine the way you dress, how you look, how much money you make, your relationships, your friends. What two […]
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