How to set up a Simple Day Trading Station for Penny Stocks or Crypto Trading

150

FREE eBook: “How to Day Trade” | Download Now: http://webinar.warriortrading.com/signup

DISCLAIMER: http://www.warriortrading.com/disclaimer/

//
Links of equipment discussed (these are NOT affiliate links, I’m not interested in getting commission if you guys decide you want them. They are just for your reference):

1. Asus USB Monitors 1080p: http://amzn.to/2r1KJFH
2. Lenovo y520 Gaming Computer with SSD and 16GB Ram: http://amzn.to/2mwtHtK
3. USB hub (extension cord): http://amzn.to/2D39yT4

//
Try our Day Trading chat room here: https://www.warriortrading.com/free-day-trading-chat-room/
See our Live Streaming Channel on TickerTV here: https://ticker.tv/daytradewarrior/

I teach Day Trading Strategies for Beginner Traders.  I focus on Momentum Trading Strategies including Gap and GO! and Trend Finding Strategies.  All of our classes are available for immediate streaming at https://www.WarriorTrading.com.

// Helpful Links
Day Trading Chat Room: https://www.warriortrading.com/day-trading-chat-room/
Premium Trading Courses: https://www.warriortrading.com/trading-courses/
Gap and Go Trading Strategy: https://www.warriortrading.com/gap-go/
Momentum Trading Strategy: https://www.warriortrading.com/momentum-day-trading-strategy/
Reversal Trading Strategy: https://www.warriortrading.com/reversal-trading-strategy/
Contact Info: https://www.warriortrading.com/contact/
Twitter: @daytradewarrior @swingwarrior

“Give a man a fish and you feed him for a day; teach a man to fish and you feed him for a lifetime”…

// Learn How to Day Trade and Learn How to Swing Trading
As Day Traders and Swing Traders our mission is simple. We are looking for stocks that we expect will move in a predictable direction. We want to take a position with a predefined stop level and profit target. Sounds easy right? In a lot of ways it is. But there are literally thousands of different strategies for trading the market. Every trader has a unique approach to trading. Our goal is to teach you our strategies. I have developed a series of profitable trading strategies for beginners. Our Trading Courses focus on the most fundamental aspects of a successful trade.

// Chart Patterns
After you understand risk management and proper stock selection, we teach you how to find stock patterns on charts. These patterns are how we base our risk and reward. We look for chart patterns that have well defined areas of support and resistance. We will use previous support levels as our stop price, or our risk, and we look at previous resistance areas as our initial profit target, or our reward. If the profit vs loss ratio is 2:1 we will take the trade. I teach both day trading strategies and swing trading strategies. For day trading we focus primarily on 5min charts while swing traders focus more on daily charts. The patterns in general are the same. I teach traders how to find patterns in real-time including Bull Flags, Bear Flags, Flat Tops, Flat Bottoms, and Rubber Band Reversal Setups.

// Trading Strategies
Learning risk management, proper stock selection, and chart patterns is important, but those alone don’t create a trading strategy. A trading strategy requires details on the time of day you take these trades, what type of stocks you like to trade, what percentage to success you expect. All our students are required to paper trade and prove to me that they can trade on a percentage of success that is high enough to justify real trading. If you can’t make money in a demo account, you have no business trading a real account. We have saved students hundreds of thousands of dollars by encouraging paper trading while they are learning. The market will be here for a long time to come. The important thing for you right now is to build up the skills to trade the market successfully. You will learn that once you possess the skills to consistently make $20.00/day all it takes to make $200 is larger share size. Then all it takes to make $2000 is again, larger share size. The hardest part is being consistently green just $20/day. So that is our initial target for all of our students. Profitable trading 4/5 days per week for at least 3 months.

Join our Free Day Trading Chat Room here: https://www.warriortrading.com/free-day-trading-chat-room/

19 COMMENTS

  1. the only thing i would change is the part change the size of text and apps and other items 150% is a bit big now your little 1080s are so small you need to see it on my 4k its way to much the vids see you tomorrow in the room

  2. Hello Ross Thank You for those Information
    I have some question Please , I"m A foreign trader , And the only possibility to deposit in a broker is Paypal , WHat broker do you recommend for foreign client ?

  3. Laptop HP ENVY m7, Intel i7-7500 CPU 2.90GHz, 16GB RAM and 3 external monitors (watching 3 stocks on 1min, 5min, 1D TF with L2 and T&S and 8 stocks on 5min TF for pattern set up)

  4. currently i have a hard drive for storage and solid stade drive(ssd) as my main drive. do you recommend this? or should i just upgrate my computer and buy a new one?

  5. Great information. Can't belief I'm getting all the information that you give for free. Not only in this video but in all your video. greatly appreciated..Thanks

  6. This video reminded me of being in the hospital and my laptop was able to connect to the network but was being blocked from the internet and my cell had to much interference for a reliable hotspot so ended up using my phone to connect to the network (cell was able to use network with internet access) and running that through USB tether to get internet to my laptop. That is just an example of how things do not always work out as you plan when using a mobile/traveling setup.

  7. @warriortrading Hi Ross, love your content. what's your take on 2017 Apple MacBook Pro 15" Touch Bar, Intel Core i7, 16GB RAM, 512GB SSD, Radeon Pro 560. I know some people are fans, others not so much. Are they powerful enough to run multiple screens and software? Thanks in advance.

  8. I'm happy your doing this. Learn more about your office, layout and preferences helps me better understand your trading mindset. Thanks!

  9. great vid as usual ross….quick question. are you never concerned with trading on wifi from hotels as far as private info is concerned.

LEAVE A REPLY

Please enter your comment!
Please enter your name here