📈SWING TRADING MASTERCLASS COURSE📈- [ Ссылка ]

USE CODE "YOUTUBE" FOR 20% OFF Why I am Leaving Ally Invest
I have partnered up with TradeIdeas recently to bring you discount products they have! Use code “MVP15” for 15% off any product. Click the Link to Join!! [ Ссылка ]
Course:
www.mvptradingacademy.com
WHO ALLY INVEST WORKS BEST FOR
Ally Invest is a good choice for:

Casual traders who want a simple online brokerage account and have a basic understanding of markets and security types.
Active traders or high-volume traders who can take advantage of the lower commission fees.
Advanced traders who wish to trade Forex.
Beginners who want completely hands-off investing with Ally Invest's Managed Portfolios.
ALLY INVEST PROS & CONS

PROS:
$4.95 basic stock and ETF trades
Discount for active traders
No minimum to open
Wide variety of products
Strong Forex platform (including a practice account)
Managed Portfolios option for a low annual fee
24/7 customer service by phone and live chat
Thorough FAQ and education section
Also has full online banking services, so you can invest and bank at the same place

CONS:
No physical locations
No practice trading platform (not good for beginners)
No transaction-fee-free mutual funds
Research and tools not as extensive as other online brokerages
$50 fee for transferring or closing IRA accounts
and the 9.99 Commission on FUNDS

I have been using ally invest for 2 year and I have been paying crazy hidden fees on my retirement account. In this video I explain why i am leaving!
Time Those Trades
Many orders placed by investors and traders begin to execute as soon as the markets open in the morning, contributing to price volatility. A seasoned player may be able to recognize patterns and pick appropriately to make profits. But for newbies, it may be better just to read the market without making any moves for the first 15 to 20 minutes. The middle hours are usually less volatile, and then movement begins to pick up again toward the closing bell. Though the rush hours offer opportunities, it’s safer for beginners to avoid them at first.

Cut Losses With Limit Orders
Decide what type of orders you will use to enter and exit trades. Will you use market orders or limit orders? When you place a market order, it is executed at the best price available at the time — thus, no price guarantee.
A limit order, meanwhile, does guarantee the price, but not the execution. Limit orders help you trade with more precision, wherein you set your price (not unrealistic but executable) for buying as well as selling. More sophisticated and experienced day traders may employ the use of options strategies to hedge their positions as well.

Be Realistic About Profits
A strategy doesn't need to win all the time to be profitable. Many traders only win 50% to 60% of their trades. The point is, they make more on their winners than they lose on their losers. Make sure the risk on each trade is limited to a specific percentage of the account, and that entry and exit methods are clearly defined and written down.

Stay Cool
There are times when the stock markets test your nerves. As a day trader, you need to learn to keep greed, hope, and fear at bay. Decisions should be governed by logic and not emotion.

And Stick to the Plan
Successful traders have to move fast, but they don't have to think fast. Why? Because they've developed a trading strategy in advance, along with the discipline to stick to that strategy. It is important to follow your formula closely rather than try to chase profits. There's a mantra among day traders: "Plan your trade and trade your plan." Don't let emotions get the best of your strategy.
Before we go into some of the ins and outs of day trading, let's look at some of the reasons why day trading can be so difficult.

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