How to do Set it and Forget it Day Trading

How to do Set it and Forget it Day Trading

Easiest Fastest way to make Consistent Profits

By Ricardo Calca

Copyright 2014

Who I wrote this book for

If you are completely new to trading and investing and are looking for a way to make money from working in the financial markets this book is for you. You don’t have to have any experience to understand what this book is about because it tells you everything you need to know to become a highly profitable day trader, swing trader or position trader.

This book describes how to trade in a way that can give you all the free time you are looking for from your brand new trading business and then some. If you are willing to put forth the effort and learn how to trade with a set it and forget it mindset you can have a very nice life from trading the financial markets.

Once you take the steps to become a consistently profitable trader by doing the proper education and training for this type on investing and trading you will have a lifelong skill that will enable you to make money from anywhere you chose to be in the world day or night as long as there is WIFI there. There is nothing wrong with hanging out at the beach on a beautiful sunny day or kicking back on your boat at the marina and making money while you are doing that. I fly to Europe all the time and know that I am making money the whole time I am flying there.

Perhaps you are looking to be able to provide a better quality of life you your family and be able to spend more time with them. Do what it says in this book and you will have all the extra time (and money) to do anything you want anywhere you want anytime you want. I know of no other business in the world that affords someone that kind of freedom do you?

This book describes a method of trading that is used by all professionals in the financial market who are money makers. It is really nothing special and is the way the markets have worked since the beginning of time when there were markets and trading. Doesn’t it make complete sense to you to learn a method of trading that the actual price of the market you want to work in is based on? To me it’s a no brainer however most brand new traders make it very hard on themselves and their accounts in the beginning by learning all the wrong information from day one.

If you read the information in this book and then think about it logically you will see that trading in the financial markets and being to make money from it is pretty much common sense. Here is an example to get you thinking.

The TV’s are almost always by the front door at Costco and Sam’s right? You would never walk into that TV department and call the store manager over and tell them that you love the 75" big screen TV that costs $1500 so much that you will pay $1800 for it would you? No, you would not and most likely, you would want to see if you could get it at less cost than the $1500 right?

We want the best and lowest price we can get for the items we buy in our everyday real lives. Why then would anyone want to go in the live market and buy high and sell low? How you do it in your real life everyday on the things you buy for yourself should be no different than how you do it in the live market trading. Buy low sell high or buy at wholesale and sell at retail. Smart money does it every day and so should you if you want to be consistently profitable on a daily basis.

Here are a couple of visualizations I like to have brand new traders do in order to get them thinking on how important it is to get the right information and study the right way to trade from the very first day. I tell my clients I mentor to visualize themselves putting their startup capital into their barbeque and then turn it on and watching their money burn up in flames and smoke right before their very eyes. The road to success in the live market is filled with the wreckage and smell of smoking burned out retail trader accounts. It can however be a road paved in gold if you are diligent and careful with your capital.

Let me paint a couple of different pictures for you so you can get a picture of what it will be like going in the live market unprepared or even underprepared in your mind.

Think of yourself on a nice vacation down in beautiful Australia and you are out sport fishing somewhere around the Great Barrier Reef.

Now you are preparing to set your line but need to get your chum (bait) out first and as you are working on the chum you accidently cut a very deep gash into your leg around your Femoral artery, and just at the moment you do that a rogue wave hits the boats and knocks you and the chum bucket overboard and into the water.

Now you are the water bleeding profusely with the chum and the 21 foot great white sharks that frequent the area you are fishing in. It is said that great white sharks can smell blood in the water for 1000 nautical miles and be in the area in a nanosecond. You can finish this one however you like but the sharks win.

The second one is real easy. Imagine you have some huge cajones and you decide you are going play Russian roulette with a loaded revolver that’s fully loaded. As the song says click click BOOM! Only you are the one who is going to get FUBAR. That’s what you’ll be doing by going in the live market unprepared.

While these examples may seem harsh to you if you are brand new and have zero experience and are looking for information to get you started in the trading and investing business just remember them when you are screwing around on demo doing all the kooky stuff you will do.

In the live market there are people who are looking to take all your money and are willing to walk over dead bodies to get paid and rest assured they will walk right into your account and drain it like it’s your life blood. They don’t know you; care if you are having a bad day at the office or lose all your money to them in the live market because it is just business as usual to them on an everyday basis.

It will take you awhile to get your head around this idea however once you do and you have learned the proper money management and other skills you need to be successful you will never want to do it any other way trust me. You can take that to the bank!

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Table of Contents

Who I wrote this book for

The progression of the day trading learning curve

The only thing that matters in trading – Money management

First things to learn when you start out brand new – chart reading and price action

What are the only things the pro’s look at? - Price and time

How and where to learn day trading fast

Why you must have your head on straight from the start

How to set it and forget it and make money day trading

Don’t become one of the sheeple of the herd

Why Wall Street makes money and retail traders don’t

Trading to win with a professional