I recently began reading one of Brene Brown's books titled Daring Greatly. In this book she speaks about guideposts for wholehearted living (i.e., engaging the world from a place of worthiness). As I read them, I realized how wonderfully applicable they are to day trading, so I thought I'd share them. Her 10 guideposts for wholehearted living are as follows: Cultivate authenticity - let go of what people think Cultivate self-compassion - let go of perfectionism Cultivate a resilient spirit - let go of numbing and powerlessness Cultivate gratitude and joy - let go of scarcity and fear of the dark Cultivate intuition & trust faith - let of the need for certainty Cultivate creativity - let go of comparision Cultivate play and rest - let go of exhaustion as a status symbol and productivity as self-worth Cultivate calm and stillness - let go of anxiety as a lifestyle Cultivate meaningful work - let go of self-doubt and "supposed to" Cultivate laughter, song and dance - let go of being cool and "always in control"

Abiel and NikkiB, I was just in the DAS support chat and happened to chat with the same person I talked to last week regarding the horizontal compression of today's candles in the charts when the 200 day simple moving average study is added, and she said she checked with the Developers and confirmed that the charts are supposed to behave this way. She said that this is because when you add the 200 day simple moving average study line, the developers intentionally force you to see several days' worth of data because this is how this study is determined. In other words, this is not a bug. When you are viewing only todays' data on a chart in DAS and when you then add the 200 day simple moving average study, your chart will then show the two prior days along with today's candles and horizontally compress today's candles to the right forcing you to zoom in to them. They at DAS also recommend unchecking that "Include in Scale" box in the ExConfig for every study except price. I notice that when I add "Price Marker" YYH, YYL, YH and YL horizontal lines to the chart, the candles get compressed in the vertical direction. This problem is overcome by unchecking that Include in Scale box for all studies except price. Matt

I am super new to day trading. I've read Andrew's first book and have messed around in simulator's but am nowhere near using actual money. I've managed to save up a lot of money working a regular 9-5 and saving hard. Unfortunately interest rates suck and I thought instead of putting it in the bank or giving it to someone else to invest , I should invest it myself. My goal is just to make a bit of petty cash here and there to afford a weekend in away and go from there. I figure daytrading is just a skill like any other skill, it will humble you, but with perseverance and determination you can master it! Hopefully in a year we'll be able to share our success stories

I agree with the above posts. I read 6 (Andrews 2, Trading in the Zone, One Good trade, Brian Shannon's book and Anna Coulling's book, all good. To me, One Good Trade is overlooked but is very engaging. Andrew's 2nd book (i.e. Advanced) has some overlap with One Good Trade. One good Trade is written from the perspective of an owner of a day trading firm where newbies, after a 6 week training session, go live without ever trading on a Sim. The name of the book comes from the fact that a day trader should focus on one good trade (i.e. following your rules, if-then statements, honoring your stop losses, and diligently paying attention to the screen during trade management) as opposed to only trying to make a profit. A good day trader performs one good, trade, then one good trade, and then one good trade. A good trade could include a small loss provided you honored your stop loss and you executed it according to your plan. ells about all the different types of people he employed. The typical successful trader being someone who went to college, played sports but did not excel academically. Emphasizes that it is a full time job, must be in the office on time to find the stocks in play, then find support and resistance levels and moving averages of these stocks in play, then develop and write down "if-then" statements of how and when to trade, then sit in front of the screen the whole day and try to find a stock in play that meets your criteria of your "if-then" statements, then if a trade is made, you need to pay attention to the screen for trade management, then journal and/or record your activity and trades, and then review trades afterwards. All this is needed to become a CPT (consistently profitable trader). Trading in the Zone is psychological, and ends with an exercise where after you find your "edge", you are supposed to test it with a minimum sample size of 20 before going live. See also Mike B's July 23 Webinar. Trading in the Zone tells you good and bad moods to be in when trading. The "zone" is a care-free state of mind where you are absent of any feelings of pain or fear and where you can act instinctively and get into the flow (i.e. opportunity flow) of the market. In the flow or zone requires you to be restrained but not reckless, and to think in terms of probabilities, and not focus on the profit/loss results of an individual trade. The book often compares a day trader to a professional athlete. It compares a consistently profitable trader (CPT) to a star athlete by comparing the mental states of the two. A bad trading mood is that you must get some money, or that you were ripped off and need to make it back, or that you feel you have to make a trade even though the set up is not that good (i.e. chasing). A good mood is the market is presenting opportunities, and that you are looking for opportunities, that you stick with your set stop loss, that the goal is to execute the trade properly according to your rules and not only to make a profit. A good attitude is to approach day trading like you are a gambling casino owner, and that you will win some and lose some, and that for each had played (or trade made), you cannot guarantee a profit and you must be open to all possibilities and be able to accept all outcomes. Good traders approach a trade by knowing that they cannot control the outcome, and that they are fully willing to accept the risk involved. Good trading may include small magnitude losses but not large magnitude losses. It is OK to enter a trade, exit by stop loss or whatever, and reenter the same trade thereby taking several stabs at it. Bad is to ignore your stop loss and double down. When you are trading in the zone, you are in sync with the market and are doing well just as an athlete does well when he is in the zone. Shannon's book talks about the 4 stages of the market cycle (accumulation, markup, distribution and decline), and Anna Coulling's book again refers to these 4 stages and emphasizes that it is the insider that accumulates during the accumulation phase and distributes during the distribution phase while the retail investor does the opposite etc. Anna Coulling also says that retail investors tend to buy high and sell low and insiders and market makers do the opposite, and tells you how to read the volume to determine when the insiders are doing these things by looking at the volume of sales that come thru. In other words, there is a lot of things going on in the market that are invisible to us retail traders, such as dark pools, iceberg orders, no intention to fill limit orders, level 3, etc that puts us retail traders at a disadvantage. However, what is available to us retail traders is volume data, and if you can properly interpret this volume information, you can get clues as to what the insiders are thinking and doing so we do not wind up like ordinary retail traders of buying high and selling low. High volume means there is a lot of conviction of the corresponding price move, and hence it serves to validate and confirm the price move, while low volume shows a lack of conviction, and thus the price move may be considered an "anomaly". An anomaly could signal an odd outlier, manipulation by insiders, a test, etc etc depending on the context of the anomaly. Matt