Hello, my friend, and welcome to this tutorial on Daytrading for Dummies. In this post, we discuss what learning day trading the smart way actually is (the opposite of how most people do it). If you learn to day trade the way most people try to learn it, you’ll get the results most people get … which is not good! Enjoy!
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Daytrading for Dummies – Video
Hey everyone, Barry Burns here, top pet dog trading. Today, I have my good friend Bob here. Well, actually, Bob’s not my friend. In any case, Bob doesn’t like me much because they beat him up every day. You can tell by looking at his face, he’s not happy.
Alright, Bob is a dummy, and I don’t want you to be a dummy, not a trading dummy, that is. Yeah, I can make an analogy for trading out of anything, and it’s actually kind of absurd. Some fun in the process of doing sometimes here, of course. So what do you mean by being a trading dummy?
What’s the incorrect way to trade? Well, there are a lot of them, right? There are too many to count. However, a few of them would be to go and look for all the stuff that everybody’s looking for. Do all the things that everybody who’s losing money is doing.
That’s what you should do if you want to be a trading dummy. Do all the stuff all the losers are doing, because most people lose money trading. We know that, let’s be totally clear about that. And yeah, this is not get rich quick at all. Just the contrary, trading takes a lot of work.
How to Trade the Wrong Way! – Daytrading for Dummies
It’s hard. It’s not easy, so everyone is trying to make it easy, trying to do it fast, get rich quick. Well, I hate to break it to you, but you’re not going to win. So what does everybody do? Well, they go try to get all the free stuff online.
That’s alright, actually, it’s not a bad place to start if you’re a new trader. I have to encourage you to learn as much as you can for free online, at least the basics, right? Get the terminology, the basic elements of chart analysis, etc. That’s where you should start. That’s fine, that’s cool.
However, afterwards, I would really discourage you from learning too much. So you know, I’m going to withdraw my statement, learn everything you can, no, because then when I show people how to trade, I actually find that those who are kind of new actually get the success faster, because people who have been studying for a long time have to unlearn all the bad things that they’ve learned. And so, therefore, it becomes a problem. The unlearning becomes actually more difficult than the learning, so yeah, that’s the thing with all the free stuff online, the free discussion boards, all that. Again, there’s some value to be had there, but a lot of it is the blind leading the blind.
How to Trade the Right Way! – Daytrading for Dummies
If you want to go find a group of losing traders, that’s where they hang out. You’re not going to be finding professional traders hanging out in the free forums, discussion boards, you know what I mean? Actually, we just don’t have time for that. So eventually, you’re going to have to say, “Alright, I need to go find someone who’s a professional trader and learn from them.” So that’s it, sorry.
I wish I could tell you it’s going to be easier or free or any of that stuff. But it’s not, it’s going to be more expensive going the free route. That’s the irony. It’s also going to take you more time, if you ever make it. And you’ll probably never even make it.
the shortcut is to learn from a professional traderBarry Burns
So, ironically, the shortcut is to learn from a professional trader. I’m not saying you have to learn from me, I’m just saying find someone that you resonate with. That’s really the best thing to do, honestly. Get the free stuff from the professional traders that they offer. Make sure they put a lot of free stuff out there.
I do, a lot of other people do too. And start there, right? Don’t let me discourage you, by the way, from just going to a professional trader and just paying them upfront without getting to know what they trade, what their style is, how they trade, what markets they focus on. So do your research. The research should be studying the professional traders and figuring out which one you resonate with.
Finding the Right Mentor for You!
And if they don’t offer a bunch of free stuff, well, I wouldn’t deal with them. So you’ve got to get a feel for it, see who you resonate with, and then go from there. So one of the things I offer, by the way, is my free webinar. I have a lot of free videos here on Facebook, a lot of free videos here on YouTube, and on my blog on the Top Dog Trading website.
Just hours of free stuff you can check out. And I always encourage people to check out all my free stuff before you decide if you want to get my courses or not. And if you don’t, that’s great, God bless you and the horse you rode in on. And I can give you a referral to someone else. Just tell me what kind of trading you’re looking for, I’d be happy to give you a referral to someone who might be better suited than I am, and that’s absolutely wonderful.
You know, the good thing is, I don’t need to sell trading courses to survive. I’ve got passive income sources that come in monthly as well. As you know, they provide me with a lot of income, so I don’t have to do this. And that gives me the freedom to tell you the truth and to turn you away if we’re not a match. On the other hand, I do have a free webinar coming up.
The Dollars are in the Details
Actually, I do it twice a week now, live. And if you want to get on there, I’ll give you some of the differences on how professionals and beginners trade differently. That’s kind of the focus of the presentation. It’s absolutely free, I’ll give you an hour of my time. I’ll be there live so that you can ask me questions, we can debate and engage, and yeah, I will show you some of those when I see dollars that are in the details.
The stuff that is closed, you’ll hear some of it online for free, but it’s not the truth the whole truth and nothing but the truth. It’s those little details, the dollars are in the details, those little distinctions. They make all the difference in the world, the big difference. So yeah, hop on there. It’s indicatorwebinar.com.
You can go check it out whenever you’re watching this video. There’ll be a date and time there, and if it’s not a good day or time, feel free to register anyway, and we’ll send you an email and you can sign up for the next one. Because we space them out about seven to eight hours in between to be able to reach people around the world. And that’s my gift to you, a gift to the trading community. So again, sign up for the indicatorwebinar.com.
Differences Between Amateurs and Professionals – Daytrading for Dummies
Check it out, be there, and I’ll be there to help you out. You can ask me any questions you have. But I will be giving you, as shown in the URL, my timing indicator, so this is one of the differences again between amateur and professional traders. Amateurs focus on price actions, and resistance levels. Well, pros do that too.
Again, not saying that’s wrong, no, it’s right. But you also need, and boy do you need this – the timing indicator. In fact, one of my mentors, who I hired and who helped me, he worked at the Chicago Mercantile Exchange, was a floor trader there.
the difference between amateurs and professionals is that retailers are often right, but at the wrong time.Barry Burns
He said to me one time, “Barry, the difference between amateurs and professionals, or as he called them, retailers and professionals, is that retailers are often right, but at the wrong time.” I thought, “That’s a very interesting difference. I’ve never actually heard anyone say that, except for him.” Retailers are often right, but at the wrong time. So I sat around and kind of understood what he was talking about, because if you ever get into a trade and you feel like, “Oh, I got the trend, but I got stopped out and then the trend continued after I got stopped out.
That’s the thing, you were right about the direction, but you didn’t enter at the optimal time, right? Bob doesn’t talk a lot, Bob is the strong silent type. Well, I gotta go beat the crap out of Bob. I want you to stop getting the crap beat out of you in the market. So head over to the webinar, indicatorwebinar.com.
Sign up for the next one, and I’ll see you there live and in person. Let’s address your trading problems together.
And finally, I am offering one of my favorite trade strategies called the Rubber Band Trade. Absolutely free. And I want you to go and make some money. Try before you buy, or well, actually try and never buy because there’s no charge for this trade at all. And I’ll give you the setups, the exits, all the rules for it. It’s an objective rule-based method based on price pattern action that I don’t think anyone else teaches.
I’ve never seen anything else teach this particular price structure. So go get that by clicking on the green icon in the top right-hand corner of the video there, or by clicking on the green button below, and that’ll take you to a page where you can opt-in, get the video for the rubber band trade strategy, along with some other great free tutorials, one of my little mini-courses, absolutely free, courtesy of Barry Burns here at Top Dog Trading.
GET MY FREE MARKET ENTRY TIMING INDICATOR
BTW, if you’re interested in the indicator that I use personally for very precise entries and exits. I’m happy to share that with you. Just send me an email at email@example.com, and I’ll show you how to get access to that indicator.
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