Ever since I started this blog I have received hundreds of questions. In fact, I have gotten nearly 500 questions and comments and I have answered every single one of them based off of my truth in the moment I was writing. Some of the questions were kindly worded, praising me for my generous information and others were mean spirited and challenging my New York upbringing. However, I tried my best to keep emotions out of it and answer as truthfully as possible. In 2 years a lot has changed. My thinking has changed, my recommendations have changed, and my process has changed. In fact, if you read everything on my blog since the beginning you will see exactly what I mean. Anyway, as I stated above I get a lot of questions, most of them the same. So, here are the answers to some of the most
Frequently Asked Questions FAQ (Please note… This post will get updated regularly.)
- I don’t have time to read everything on your blog can I just email you directly?
90% of traders lose money which means you might want to get some popcorn and skittles and spend the next few hours going through everything here before you increase the percentages.
- Who do you day trade with?
I only day trade with Day Trade Warrior. I find their education, chat room and service to be outstanding.
- Why did you stop trading with The Millionaire Challenge?
My yearly subscription ended in January 2015 and I felt there were other avenues I needed to explore in my day trading journey.
- Were you successful in the Millionaire Challenge?
It all depends on what You call success. When I began the challenge which you can read here I quickly learned that I needed to study and not rush to trade. I only traded 7 times that first year which made me about $400. It wasn’t even 1/10th of what I had spent but I was happy that I was learning and understanding the process.
- Did Tim Sykes really fly you out to meet with him?
Yes and you can read about the whole experience here.
- Why did you stop trading with Investors Underground?
My time with Investors Underground was great. I learned a lot and couldn’t have gotten to where I am without them. However, I found that my trading was different than most of the moderators in the room. For that reason I didn’t renew.
- How do you trade?
I am usually a 1 and done style trader. That means I trade 1 stock for the day and I am done. Sometimes 2 or 3 but rarely is that the case. In a nutshell my process is simple… I pick 2 or 3 stocks before the market opens and look to trade based off of the range from the catalyst, price action, support and resistance. If I don’t see something I like I don’t trade.
- I don’t have a lot of money how can I start trading?
Unfortunately you can’t do much in life without money. That means you need money to trade but you also need to pay for a solid education. Yes you can learn a lot for free and I suggest you learn as much as you can before spending any money. However, you will have to spend money on your education. In my opinion, I have found Day Trade Warrior’s education to be solid especially because they place a high level of emphasis on risk management. The key to longevity, as you will see once you start trading with a profitable strategy, is risk management.
- Can I be a profitable trader even though I have a 9 to 5 job?
Yes and no. If you learn how to swing trade properly I am sure you could be profitable however, I personally would never recommend day trading to those with a 9 to 5 job.
- What brokers do you use?
I have 3 brokers. Speed Trader Pro, Interactive Brokers and Fidelity. I use all 3 for various reasons.
- Are you profitable and if so how much money do you make?
Yes and unless you are writing the Jai Catalano biography I am going to have to respectfully leave that information for the future author.
- How much money did you start with?
- You used to post a daily watch list why did you stop?
I find that I trade based off of the current day’s momentum so I no longer need to create a watch list the night before. I might start recapping my trades in the future but for now I have put that page on hold.
- How should I get started?
I highly suggest you learn as much as you can for free first. There are several chatrooms who have free trial offers. I am partial to Day Trade Warrior but you might find your style and taste to be different. I wrote a post here that will give you a lot of free information. Take your time, do your homework and don’t rush to trade.
- Are you an affiliate of any day trading chat room?
I have never been affiliated with any chat room including Day Trade Warrior. I highly recommend them because I truly believe they give you the best shot at true success in this business. However, I do not receive any money from them or anyone associated with them. These are my own opinions based on my years of research and time there.
- I read that Ross Cameron from DTW doesn’t trade real money. Is that true?
Once I am able to sit in Ross’ lap while he is trading and tell you with 100% certainty that he trades real money, I am going to have to honestly say that my heart, mind and instincts tell me I am only 99.99% certain that he trades real money.
- I have read the FAQs but still have more. Can I email you anyway?