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Jan 5, 2025 | 
warriortrading.com | Ross Cameron
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Dec 17, 2024 | 
entrepreneur.com | Ross Cameron
Ever since the internet was a thing, we've seen promotions about how you can make money from anywhere. The usual stock photo shows someone typing away on the beach, perhaps with a mai tai in one hand. Anybody who's brought a laptop to the beach knows that is nonsense. You can't even read the screen; never mind, get a decent wifi connection. But it's also not true that you must be in an office with a wall of monitors in order to day trade.
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Nov 20, 2024 | 
businessandamerica.com | Ross Cameron
Opinions expressed by Entrepreneur contributors are their own. What do I mean by “links”? I’m referring to five skills or mindsets that are related, like chain links. You need all five to get started with day trading. If you’re great at only four of them, then you’re definitely not long for day trading. You’ll wash out as soon as your money does. You’re only as good as the weakest link in your chain. So, what are these links?
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Nov 19, 2024 | 
entrepreneur.com | Ross Cameron
What do I mean by "links"? I'm referring to five skills or mindsets that are related, like chain links. You need all five to get started with day trading. If you're great at only four of them, then you're definitely not long for day trading. You'll wash out as soon as your money does. You're only as good as the weakest link in your chain. So, what are these links? Link #1: DriveYou need to be very driven to succeed as a day trader.
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Oct 17, 2024 | 
entrepreneur.com | Ross Cameron
Most professions look at least somewhat intimidating to outsiders. Everyone knows that careers in medicine and law involve many years of training and apprenticeship. If you're into sports, all it takes is watching one track meet or hockey game to conclude that serious practice and skills are needed even to play professionally, never mind to win. Then there's day trading. Anyone over the age of 18 can open a US account with a minimum of $25,000 or $500 offshore and be a self-proclaimed day trader.
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Sep 16, 2024 | 
entrepreneur.com | Ross Cameron
There's no doubt that money allows you to take a lot of shortcuts in life. You can hire all sorts of people to give you expert opinions. You can even hire them to do many complicated tasks. Money makes your surroundings as lush and tailored as you wish, and you can have people set you up with the latest technology. You can choose to never stand in line or wait for much of anything. You can even buy an electrical stimulation device that will grow your muscles while you sit back and sip a latte.
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Aug 7, 2024 | 
entrepreneur.com | Ross Cameron
I've published more than 2,300 videos on day trading over the years, and at least one thing stays the same: new people come into the business and want to know "the secret" to day trading success. Some may have dabbled in it, and all have heard stories. I've discussed myths elsewhere, so today, I'll cover four vital ingredients for success. If you miss just one, you're toast. 1. You need a baseline of knowledge and skillsI've made literally tens of thousands of trades and am still learning.
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Jul 15, 2024 | 
entrepreneur.com | Ross Cameron
Even if you're not a day trader, no doubt you've heard about meme stocks. They're the viral beasts that take on a life of their own. They act similarly to a geyser, where pressure builds until some event — or social media post — causes a segment of investors to go crazy and shoot the stock to unreal levels. After a while, the spectacle is over, and those stocks effectively disappear until pressure builds again. As I write this, we're in another active phase of meme stocks.
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Jun 13, 2024 | 
entrepreneur.com | Ross Cameron
Day traders enjoy talking about lots of things: stocks that are ripping up to new levels, patterns they're seeing, and the big "green days" or profitable trading sessions they've had. That's cool, but the fact is, you can only be proud of what you get to keep after taxes. It's important to learn how to make a profit by day trading, but a close second is learning how to keep that profit. Otherwise, you're doing all this work for the IRS.
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May 7, 2024 | 
entrepreneur.com | Ross Cameron
In many areas of life, success is hard to measure or even define. Day trading isn't one of them. Every day you trade, you'll know that it either was "green" and you made money, or it was red. It's a superficial way to look at things, though. There's a better way to measure success as a day trader: do you make money over the long term? That's because the short term doesn't really count. On any day, a rank beginner can get lucky and make a wad of cash in minutes.
