Today in meeting with our good friend Michelle it brought back all the memories of my start in the day trading world.

The first day I remember finding Timothy Sykes and starting to research terms and feeling overwhelmed. For those that know absolutely nothing about trading terminology you are going to find investopedia.com your go to spot for informing you.

Don’t be fooled that is just the beginning of learning the market. As like any profession you have to build a base before you can begin your trading journey

A guideline of how to make it as a trader as a profession. It will take hard work and patience in your journey.

Step 1. definitely start studying anything and everything about the market. The more you learn the more you will find you don’t know. The market is every changing and you have to adapt as the market changes.

Step 2. try to find a program or mentor that you mesh with that will keep you motivated along your journey. There are many out there. Make sure whomever you choose that they don’t boast a guarantee of their product to make you profit. Everyone learns differently and everyone has to find a strategy that works for them.

Step 3. Determine how much time you can honestly devote to trading. This might be something you will be doing part time to start as you are still working you 9 to 5 job.

Step 4. Once you know who you want to work with and how much you can devote then study up, and start your paper trading. I highly recommend paper trading to find your strategy. It is much easy to pay $30 a month to practice than lose your hard earned money. Remember that if you need to paper trade for a year that is roughly $360 versus thousands you could lose in your first account (I speak from experience on this one…I blew through a $6k account in a couple months not knowing)

Step 5 Once you have consistency and confidence in your personal fingerprint strategy. It is time to open your trading account. Depending on where you are in the world there are different brokers that you can use. If you are in the States and starting with a smaller account then you will probably encounter the PDT Rule

To name a few good brokers  Think or Swim, Interactive Brokers, Trade Station, Fidelity and Lightspeed. There are other off shore brokers that you can use, but myself I have never been intersted in going with an unsecured company.

Step 6. Journal you trades from the moment that you begin trading a free site is Profitly

In trading you are not in competition with anyone else. Everyone learns at a different pace and your goal is to be profitable. Trading the right setups at the right time will help you be profitable. The more you keep track of your trades and your emotions in entering the trade and exiting the trade you will understand your trading pyschology. You are your own worst enemy in trading.

Step 7. Continue to grow in your trading. As your real money profits begin growing remember there are 4 outcomes: Big Wins, Small Wins, Small Losses and Big Losses. If you simply get rid of big losses and learn to let the Wins grow then you should be able to continue growing your account.

When you mess up know it is part of the trading journery and use it as a learning experience. If you need to step away from trading and don’t take it out on the market. Trade with a clear head.

I know you must have many questions and I’m always happy to share what I have learned to help you shorten your learning curve. I was in your shoes a short 3 years ago. I now wake up everyday and feel incredible blessed to have found it as a career. I remember back in 2009 a friend of mine did it and I said teach me. I never realized how passionate I would be about it and helping others in the same journey.

To help more people in person I set up the Modern Traders Summit which will be June 23rd in Orlando Florida. If you are interested in learning more make sure to check out the website where you can learn about other like minded traders that will be speaking about how they can help you improve as a trader. Seats are selling quickly so make your you secure your spot.

I have also partnered with Tradealike to provide my real time alerts via their mobile app. It is cool because there is no subscription cost and you can pick and choose which alert you would like to purchase.

I love hearing feedback from you. It makes my trading more personal and I like to hear how I can help you. If you have quest.ions or comments you can contact me here or on Profitly, Twitter (@jane_yul), Instagram (missairplanejane), LinkedIn and Facebook (@sugarairplanejane). carpeprofit@gmail.com or YouTube

If you are interested in receiving my morning watchlist email sign up here to receive 3 days free. It is affordable at $19.95 per month, which is roughly $1 per trading day.

My book is available at Amazon FMJ Trust Transition Trade: How Successful Traders Said It, Did It, and Lived It . As well as  Barnes and Noble, Indigo, Chapters,and more.

If you want a signed copy please go to the book site

The tool I use for scanning and alerting is Trade Ideas who offer an always free trading room.  15% Off First Month or First Annual – Promo Code CARPETPROFIT15

For my charts I use tradingview.com which offer free charting and paid services

Also Stocks To Trade that has a 1 week $1 trial 

For the fastest level 2 I have found I use Equityfeed.

This blog is for information purposes. I am not a registered securities broker-dealer or an investment adviser. The information here is not intended as securities brokerage, investment or as an offer or solicitation of an offer to sell or buy, or as an endorsement, recommendation or sponsorship of any security or fund.

spy210

So what do we do now? This is a daily chart of the $SPY. If you are newer to day trading you might not know what SPY, QQQ, IWM mean. To explain them they are the ETFs of the S&P500, Nasdaq and Russell 2000. If you are unsure of what an ETF is click here for the investopedia.com definition. Also if you ever hear a term in trading you don’t understand I recommend popping over to investopedia.com to learn more about the subject. They have amazing definitions about indicators, terms and more.

It’s all over the news its the biggest drop in many years of the market. I used Heikin Ashi candles for the chart which will show you more of the trend of the stock or ETF. When you look at the chart you see that as of Dec 29th the SPY was in a breakout mode for 20+days. It followed the trend and kept growing and growing. Like a low float stock that has had a big run the SPY as well as the stocks in the SPY were showing overbought.

Another indicator that can show when a stock is RSI. As you can see on the chart the RSI reached roughy 91 and anything over 70 is considered overbought and usually will cause a correction. On the flip side any RSI below 30 is considered oversold. Fridays close measured 28.4 on the RSI. This doesnt mean that it won’t continue further down, but a likely indication of a bounce or consolidation before a reversal or continuation of the trend. As yo can see on Tuesday the RSI also dropped below 30 and recovered to then continue in the down trend.

In trading I never rely on just one indicator to make a decision but use them to see a bigger picture.

So back to the question what do we do from here? If you are a long biased trader I would definitely say it is time to practice paper trading. One of the best things this week is shorting or buying puts as the market trend has been bearish. It tends to be easier to go short when the overall trend is bearish and long when the market is bullish.

I have many friends asking me are you ok with this massive drop in the markets. My response is yes. I love all the volatility that this market is bringing. Volatility and Volume are great for price action and liquidity to trade and make profits quickly. There are so many opportunities out there long and short. One of the best things I can recommend it you are newer to trading is really study the market price action and what happens with volume. The catalyst this week for many stock to drop was the overall trend and fear of the stock holders.

You will also see if you look at an intraday chart of the spy there are different times at which you can see reversal or trend changes in charts.

I have people ask me if I’m in any stocks long and I did just re enter OLED at 140.66 for a long term swing again. To me the bounce off of 242 for the SPY is the start of a reversal. I will wait for further confirmation. However if the SPY can stay above 250 for this upcoming week in my opinion we are consolidating and gaining investors confidence to once again invest.

I try to always put myself into the mind of other stockholders to think of what they might be thinking. When the stocks are dropping your average Joe trader gets fearful and then sells and it snowballs into more selling and more selling until an extreme when people see the stock on sale. Like AMZN to me. I think AMZN is on a deep discount down at 1311. I think AMZN would be a good long term swing from here as they are a good value company in my opinion. They just posted biggest earnings ever and with the market trend dropped 200 points. They just announced to further vertically integrate their company with a trial of setting up a delivery service in the LA area. This was a big reason for the drop in UPS and FDX on Friday. And they just poached an NBC exec to help them with their own studios. They are looking to compete directly with Netflix in the streaming content arena.

To me this past week of the market has brought forth many potential long term swing opportunities as we see many stocks large cap and small fall to support levels which are great for longs. It minimizes your risk going long or buying the stock at a support level.

I know you must have many questions and I’m always happy to share what I have learned to help you shorten your learning curve. I was in your shoes a short 3 years ago just beginning my studies of the day trading world. I now wake up everyday and feel incredible blessed to have found it as a career. I remember back in 2009 a friend of mine did it and I said teach me. I never realized how passionate I would be about it and helping others in the same journey.

To help more people in person I set up the Modern Traders Summit which will be June 23rd in Orlando Florida. If you are interested in learning more make sure to check out the website where you can learn about other like minded traders that will be speaking about how they can help you improve as a trader. Seats are selling quickly so make your you secure your spot.

I have also partnered with Tradealike to provide my real time alerts via their mobile app. It is cool because there is no subscription cost and you can pick and choose which alert you would like to purchase.

I love hearing feedback from you. It makes my trading more personal and I like to hear how I can help you. If you have quest.ions or comments you can contact me here or on Profitly, Twitter (@jane_yul), Instagram (missairplanejane), LinkedIn and Facebook (@sugarairplanejane). carpeprofit@gmail.com or YouTube

If you are interested in receiving my morning watchlist email sign up here to receive 3 days free. It is affordable at $19.95 per month, which is roughly $1 per trading day.

My book is available at Amazon FMJ Trust Transition Trade: How Successful Traders Said It, Did It, and Lived It . As well as  Barnes and Noble, Indigo, Chapters,and more.

If you want a signed copy please go to the book site

The tool I use for scanning and alerting is Trade Ideas who offer an always free trading room.  15% Off First Month or First Annual – Promo Code CARPETPROFIT15

For my charts I use tradingview.com which offer free charting and paid services

Also Stocks To Trade that has a 1 week $1 trial 

For the fastest level 2 I have found I use Equityfeed.

This blog is for information purposes. I am not a registered securities broker-dealer or an investment adviser. The information here is not intended as securities brokerage, investment or as an offer or solicitation of an offer to sell or buy, or as an endorsement, recommendation or sponsorship of any security or fund.

 

spy trend

VKTX

pirs

ash

bootsaiamsgnwabclxdpsnktr

If you are interested in receiving my morning watchlist email sign up here to receive 3 days free. It is affordable at $19.95 per month, which is roughly $1 per trading day.

I love hearing feedback from you. It makes my trading more personal and I like to hear how I can help you. If you have questions or comments you can contact me here or on Profitly, Twitter (@jane_yul), Instagram (missairplanejane), LinkedIn and Facebook (@sugarairplanejane). carpeprofit@gmail.com or YouTube

My book is available at Amazon FMJ Trust Transition Trade: How Successful Traders Said It, Did It, and Lived It . As well as  Barnes and Noble, Indigo, Chapters,and more.

If you want a signed copy please go to the book site

The tool I use for scanning and alerting is Trade Ideas who offer an always free trading room.  15% Off First Month or First Annual – Promo Code CARPETPROFIT15

For my charting I use Trading View that offers free and paid charting

Also Stocks To Trade that has a 1 week $1 trial 

For my level 2 I use Equityfeed.

This blog is for information purposes. I am not a registered securities broker-dealer or an investment adviser. The information here is not intended as securities brokerage, investment or as an offer or solicitation of an offer to sell or buy, or as an endorsement, recommendation or sponsorship of any security or fund.

 

 

Potential Longs

 

 

Potential Shorts

If you are interested in receiving my morning watchlist email sign up here to receive 3 days free. It is affordable at $19.95 per month, which is roughly $1 per trading day.

Trade Ideas will be hosting a full access open house of their pro software for $8.88 the week of Jan 22nd, 2018.

I love hearing feedback from you. It makes my trading more personal and I like to hear how I can help you. If you have quest.ions or comments you can contact me here or on Profitly, Twitter (@jane_yul), Instagram (missairplanejane), LinkedIn and Facebook (@sugarairplanejane). carpeprofit@gmail.com or YouTube

My book is available at Amazon FMJ Trust Transition Trade: How Successful Traders Said It, Did It, and Lived It . As well as  Barnes and Noble, Indigo, Chapters,and more.

If you want a signed copy please go to the book site

The tool I use for scanning and alerting is Trade Ideas who offer an always free trading room.  15% Off First Month or First Annual – Promo Code CARPETPROFIT15

Also Stocks To Trade that has a 1 week $1 trial 

For my charting and level 2 I use Equityfeed.

This blog is for information purposes. I am not a registered securities broker-dealer or an investment adviser. The information here is not intended as securities brokerage, investment or as an offer or solicitation of an offer to sell or buy, or as an endorsement, recommendation or sponsorship of any security or fund.

Potential Longs

Potential Shorts

If you are interested in receiving my morning watchlist email sign up here to receive 3 days free. It is affordable at $19.95 per month, which is roughly $1 per trading day.

Trade Ideas will be hosting a full access open house of their pro software for $8.88 the week of Jan 22nd, 2018.

I love hearing feedback from you. It makes my trading more personal and I like to hear how I can help you. If you have quest.ions or comments you can contact me here or on Profitly, Twitter (@jane_yul), Instagram (missairplanejane), LinkedIn and Facebook (@sugarairplanejane). carpeprofit@gmail.com or YouTube

My book is available at Amazon FMJ Trust Transition Trade: How Successful Traders Said It, Did It, and Lived It . As well as  Barnes and Noble, Indigo, Chapters,and more.

If you want a signed copy please go to the book site

The tool I use for scanning and alerting is Trade Ideas who offer an always free trading room.  15% Off First Month or First Annual – Promo Code CARPETPROFIT15

Also Stocks To Trade that has a 1 week $1 trial 

For my charting and level 2 I use Equityfeed.

This blog is for information purposes. I am not a registered securities broker-dealer or an investment adviser. The information here is not intended as securities brokerage, investment or as an offer or solicitation of an offer to sell or buy, or as an endorsement, recommendation or sponsorship of any security or fund.

 

This past year of 2017 has brought some amazing things into my life. First off In February my second daughter was born and will be 11 months tomorrow. It is amazing how time and life flies by so quickly. Starting tomorrow she will be headed to daycare so I can be baby free and give me my full concentration on what I absolutely love…Trading!

I have to thank her as well, because she was a major catalyst in me completing my book #FMJ Trust Transition Trade. Which I was honored to have hit best seller numerous times since it’s release on Amazon Kindle.  The reason behind me writing the book was it was the book I was looking for when I first started out on my trading journey.  Which has lead to bigger and better ways of sharing like at the Trade Ideas Holly Summit

At the Summit, I was asked for a second year in a row to share my journey and how I use Trade Ideas for my trading. You can watch my portion of the event here.  I had overwhelming response from people feeling connected to the struggles I had before I found trading. I know what it is like to be working paycheck to paycheck.  I’m so thankful to have found the freedom so say goodbye to bosses.

All of this sharing also landed my blog 13th out of the top 30 trading blogs with foxytrades.com and 22nd out of 50 feedspot.com

It is feedback from people like you finding value in me sharing and trying to help others that honestly keeps me inspired to do more. There are definitely haters out there that I just believe are jealous because they have not put in the time to do it for themselves and only see the end result. It takes a lot of time and devotion just like trading to contribute and continue sharing. I feel very blessed to be where I am in life and look forward to helping others even more.

This upcoming year brings new goals to be met.

First I want to step into the crypto currency trading world. I started studying mid November and saw some big advancements on a couple that I thought would be good to invest in. In my opinion there will be a transfer to crypto currency and it will happen like the adoption of the cd from record and then onto ipods to streaming. To me this is the streaming result of currencies and why wouldn’t it.

I will write another blog post as to my investments next week once they are complete.

MTS screen.jpgSecond on the list of goals is to help people in person with the Modern Traders Summit  in Orlando this June, which is being sponsored by Trade Ideas . I have a great line up of people speaking and really look forward to chatting with individuals and helping many at once.  I have people emailing me daily asking me to train them and with the two little ones that dominate my free time it just isn’t a reality at this time.

Some of the speakers besides myself will be Latoya Smith , Anka Metcalf Stephanie Kammerman, Alice Meade, Billy Wilson and more to come. We will be touching on the most basics to in depth strategies for stocks, options, futures, and crypto currencies. I would love to make this an annual event. My ultimate goal is to help inspire and empower others to feel comfortable trading and create a warm community of traders helping traders. Early bird registration will end Feb 1st and the space is limited.  Registration opened this past weekend and seats are already filling up so don’t miss out!

3rd goal for the year is to meet that Million Milestone. Lofty Goal, but I’m never one to aim low in life. You have to work at your goals each day to make them reality and I will make it to 1 million and hopefully before 2019.

If you are interested in receiving my morning watchlist email sign up here to receive 3 days free. It is affordable at $19.95 per month, which is roughly $1 per trading day.

I love hearing feedback from you. It makes my trading more personal and I like to hear how I can help you. If you have questions or comments you can contact me here or on Profitly, Twitter (@jane_yul), Instagram (missairplanejane), LinkedIn and Facebook (@sugarairplanejane). carpeprofit@gmail.com or YouTube

My book is available at Amazon FMJ Trust Transition Trade: How Successful Traders Said It, Did It, and Lived It . As well as  Barnes and Noble, Indigo, Chapters,and more.

If you want a signed copy please go to the book site

The tool I use for scanning and alerting is Trade Ideas who offer an always free trading room.  15% Off First Month or First Annual – Promo Code CARPETPROFIT15

Also Stocks To Trade that has a 1 week $1 trial 

For my charting and level 2 I use Equityfeed.

This blog is for information purposes. I am not a registered securities broker-dealer or an investment adviser. The information here is not intended as securities brokerage, investment or as an offer or solicitation of an offer to sell or buy, or as an endorsement, recommendation or sponsorship of any security or fund.

 

 

 

1 ostk2 TISI3 NGVC4 blph5 car6 safm7 abm8 orcl9 vstm10 SIEB

 

I love hearing feedback from you. It makes my trading more personal and I like to hear how I can help you. If you have questions or comments you can contact me here or on Profitly, Twitter (@jane_yul), Instagram (missairplanejane), LinkedIn and Facebook (@sugarairplanejane). carpeprofit@gmail.com or YouTube

My book is available at Amazon FMJ Trust Transition Trade: How Successful Traders Said It, Did It, and Lived It . As well as  Barnes and Noble, Indigo, Chapters,and more.

If you want a signed copy please go to the book site

If you want to break into crypto trading one reputable trading site I have found is Coinbase.

The tool I use for scanning and alerting is Trade Ideas who offer an always free trading room.  15% Off First Month or First Annual – Promo Code CARPETPROFIT15

Also Stocks To Trade that has aspecial 2 months free if you sign up before Dec 31st

For my charting and level 2 I use Equityfeed.

This blog is for information purposes. I am not a registered securities broker-dealer or an investment adviser. The information here is not intended as securities brokerage, investment or as an offer or solicitation of an offer to sell or buy, or as an endorsement, recommendation or sponsorship of any security or fund.

 

 

9D4D667B-B616-418A-81AB-896D82AF0B4F

As many people begin learning about crypto currencies they are fearful that this is just a bubble that will collapse. Like with any investment if you hold it long term you have to be aware that you could potentially lose it all. Now will the crypto currencies collapse completely?

well I’m sure that the first investors years ago thought I’m not sure if I want to pay $500 for a bitcoin as it isn’t gaining in value very quickly. Well I know now that if I had the ability to buy it at 500 I would have done it. I honestly didn’t start researching crypto currencies until I got an email from Timothy Sykes talking about a free webinar.

That free webinar was probably about 6 weeks ago the beginning of November. I listened and a I started studying the crypto world. How on earth do you get into buying crypto currency? Which one do you invest in? How do you store it?

The more I delved into the world of crypto I realized the more I didn’t know. It reminds me of my first days of learning to day trade. But I kept on studying. Soon I quickly learned that there are many different site that you can buy bitcoins or ethereum or lite coin, but how much are you going to pay? The shot above is from tradingview.com and you can view crypto currency charts for free. When you type in BTCUSD you will see there is more than one chart because there are different exchanges where you can buy them.  In fact there is also BTCUSDT (Tether) and I’m not even 100% sure what that is just yet. Bottom line is if you are looking to buy crypto currencies make sure you are paying a fair value for your investment and not getting taken with fees for mining them like a stock brokerage firm takes commissions.  One that seems pretty fair to me is coinbase.com .

After you decide where you are going to buy your currency, you need to determine where you are going to store it or them. From what I have seen online there are numerous online “wallets” and some hard wallets. The best way I can explain that would be like software for your computer to run versus the actual hard wallet that is tangible that you would be able to hold such as a USB stick.  All of these methods have secure measures to protect your crypto currency or virtual currency.  From some stories I have read about actual hard ware wallets and probably online ones too make sure to have a duplicate of the security somewhere safe away from your wallet of choice. There was one story I read online where an individual list $65,000 worth of crypto currency because they couldn’t remember their special password. It is definitely worth it to be ocd about it and keep a secret copy somewhere safe.

Now that you know where you can buy and how to keep it safe what are you going to buy? This comes back to whole bubble idea. It seems like this year the crypto world is just becoming known and hot. I know that Bitcoin was around $6000 when I first started learning and now it is well over $15000. In the past week we saw it go from $11000 to almost $18000.   So will this continue or burst….

My thoughts are that is it going to continue to gain in value as more people become knowledgeable about it and how to purchase cryptos. As a fairly smart person it was a bit difficult for me to figure out as there was no clear path to me about how to do it.  Back when I was first reading Lite coin was $46 and today it broke $400. Well remember those people that bought Bitcoin at $500 and now it is over $15000. It is proof that as the demand increases so does the price.

Have you known about cryptos for a while and done nothing? I am going to start out small and dollar cost average in maybe $100 a month into different currencies and see how they grow for crypto currencies.

In my 401k I am also investing ins crypto related stocks.  There are quite a few that have been hot lately. Some of them popped and then dropped. Here are a list of them.

GBTC COIN RIOT OSTK SSC MARA BITCF XNET GROW BTSC BTCS MGTI SRAX GAHC UBIA ARSC UTSC PRELF BLKCF CRCW COINB SPLY

I did invest in 4 of these in my 401k for long term growth. I was actually nicely suprised to see that my investments in GBTC SPLY BTSC and BTCS gave me an unrealized gain of over $3,000 in today’s trading session alone.  The crypto boom is not only affecting the currencies but also related stocks. I would definitely take the time to note the above stocks and see their highs and set alerts for breakouts. You could trade them for daytrading for some and longer term swing trades for others.

I purchase my GBTC back at 981, BTSC avg entry of .10 BTCS avg at .115 and SPLY at 1.45.  So if you a Leary of the crypto currencies yourself you can trade the related stocks that are still feeling the effects like an earthquake aftershock.

Don’t worry if you are just learning about crypto currencies you have to start somewhere. I knew nothing a couple of weeks ago and immersed myself and shared with you what I know so far. I’m only looking to expand on it and I will share more as I go and with the currencies that I think might have potential in the long run as well.

If you are interested in receiving my morning watchlist email sign up here to receive 3 days free. It is affordable at $19.95 per month, which is roughly $1 per trading day.

I love hearing feedback from you. It makes my trading more personal and I like to hear how I can help you. If you have questions or comments you can contact me here or on Profitly, Twitter (@jane_yul), Instagram (missairplanejane), LinkedIn and Facebook (@sugarairplanejane). carpeprofit@gmail.com or YouTube

My book is available at Amazon FMJ Trust Transition Trade: How Successful Traders Said It, Did It, and Lived It . As well as  Barnes and Noble, Indigo, Chapters,and more.

If you want a signed copy please go to the book site

The tool I use for scanning and alerting is Trade Ideas who offer an always free trading room.  15% Off First Month or First Annual – Promo Code CARPETPROFIT15

Also Stocks To Trade that has a 1 week $1 trial 

For my charting and level 2 I use Equityfeed.

This blog is for information purposes. I am not a registered securities broker-dealer or an investment adviser. The information here is not intended as securities brokerage, investment or as an offer or solicitation of an offer to sell or buy, or as an endorsement, recommendation or sponsorship of any security or fund.