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CHADIO'S

BEGINNERS GUIDE
TO DAY TRADING
The perfect place to start your day trading journey.

@ C H A D I O
ABOUT ME
Allow me to introduce myself, with a touch of humour sprinkled in. My name is
Chad Epps, but you can call me "Chadio" – the trading wizard with a righteous
grin. A lot of people know me for my comedy on the internet, which is
something I truly enjoy doing, but For the past three years, I've donned my
cape and conquered the realm of day trading, harnessing its powers to unlock
a life of freedom, adventure, and yes, a few extra zeros in the bank account.

They say money can't buy happiness, but let me tell you, it can certainly buy
some good times! Thanks to day trading, I've been able to jet across the globe,
chasing the waves, scaling mountains, and eating my way through exotic
cuisines. I've also been able to buy my dream house, dream gaming setup,
and take my family and girlfriend out on nice trips. I think it's safe to say Day
Trading has definitely made my life more joyful and fulfilling, to say the least.

But it's not all serious business and charts for me. I believe in spreading
laughter and joy alongside those market gains. After all, what's life without a
little laughter? I am passionate about sharing my knowledge and insights with
others. I believe that financial empowerment is a pathway to personal growth
and fulfilment. By leveraging my expertise, I aim to empower individuals like
yourself to take control of their future and discover the possibilities that lie
within the world of day trading.

So, buckle up and join me on this rollercoaster ride of day trading. Together,
we'll navigate the financial maze, dodge the occasional market curveballs, and
have a good chuckle along the way. With a sprinkle of wit, a dash of
knowledge, and a whole lot of enthusiasm, we'll conquer the trading world. Are
you Ready?
WHAT THIS GUIDE
WILL COVER…

1
OPPORTUNITIES OF DAY TRADING

2
THE BASICS OF DAY TRADING

3
KEY TRADING DEFINITIONS

4
THE DIFFERENT TYPES OF TRADERS

5
THE RISK INVOLVED WITH DAY TRADING

6
RISK MANAGEMENT

7
ESSENTIAL TOOLS AND SOFTWARE
1
O P P O R T U N I T I E S
O F D A Y T R A D I N G
OPPORTUNITIES OF DAYTRADING

Making MoneyWhile Wearing


Pajamas

(No Pants, No Problem!)

Day trading, my friend, is like


having a money-making party in
your living room while rocking your
comfiest PJs. It's the ultimate
work-from-home dream! And let
me tell you, the opportunities are
just as plentiful and limitless.

Picture this: You spot a tiny price


movement in the market, and
BAM! You pounce like a ninja on a
cheese slice. With lightning-fast
trades, you can turn those small
price shifts into fat stacks of cash
quicker than it takes to microwave
popcorn.

Also, Day trading isn't just limited


to one market. Oh no, my
adventurous friend. You can jump
into stocks, futures, crypto, and my
favourite - currencies. So yeah, you
got options, basically, anything that
tickles your financial fancy. It's like
having a buffet of money-making
options right at your fingertips.
Who needs boring old 9- to-5 jobs
when you can day trade and make
your paycheck in a matter of
minutes?

So, grab your favorite pair of fuzzy


slippers, brew a cup of Joe, and let's
dive into the wild world of day
trading.
2
T H E B A S I C S O F
D A Y T R A D I N G
BASICS OF DAYTRADING
From Noob to Pro

Welcome, aspiring traders, to the


thrilling world of day trading! Prepare
to embark on a journey from clueless
noob to fearless pro trader faster than
you can say, "Buy low, sell high!"

Now, listen up, grasshoppers, because


day trading isn't just about randomly
buying and selling like a kid in a candy
store. It's a skillful dance of charts,
trends, and market analysis. It's like
becoming a Sherlock Holmes of the
stock market but with less pipe-
smoking and more action-packed
trading screens.

First things first, you need to learn the


art of deciphering those mystical
charts. It's like learning a whole
seperate language, which can help
you predict the next price movement.
We're talking about technical analysis,
Support and resistance levels,
fibonacci retracements, moving
averages, candlestick patterns, and
more — these are the secret codes
that unlock the treasure trove of profit
opportunities.

I know your probably thinking “Wtf


did you just say?” - its all good, I'll
explain it all soon enough.

To be a true trading ninja, you gotta stay updated on the latest happenings in
the market. Certain news and events can make prices jump like a kangaroo on
a trampoline, so you need to be one step ahead at all times so you never get
caught off guard. Remember, knowledge is power, and it might just be the
difference between making it rain and making a sad trombone sound.

So, get ready to trade like a pro, my friends. Leave your black belts at home,
because in the world of day trading, it's all about mastering the charts, staying
informed, and unleashing your inner ninja trader. Lets Begin.
FOUNDATIONAL KEYTERMINOLOGY

To be successful in day trading, it is important to have a solid understanding of


key terminology. Some of the foundational terms include: bid-ask spread,
volume, volatility, and liquidity. Understanding these terms will help traders
make informed decisions and navigate the market more effectively.

Other important terms include: stop loss, margin, and leverage. These terms
relate to risk management and can help traders limit their losses and
maximize their profits. Heres a breakdown of what they all mean…
3
K E Y T R A D I N G
D E F I N I T I O N S
TRADING DEFINITIONS
Pips: The smallest unit of measurement in Forex trading, representing the
price movement of a currency pair. It stands for "percentage in point" or "price
interest point."

Currency pairs: In Forex trading, currencies are traded in pairs. For example,
EUR/USD represents the Euro against the US Dollar. Understanding the
different currency pairs and their symbols is important.

Volatility: Refers to the degree of price fluctuation in the market. Higher


volatility can provide more trading opportunities, but it also carries increased
risk.

Liquidity: The ease with which an asset can be bought or sold without causing
significant price changes. Highly liquid markets allow for faster execution of
trades.

Bid and ask price: The bid price is the highest price buyers are willing to pay
for a security, while the ask price is the lowest price sellers are willing to
accept. The difference between the bid and ask price is called the spread.

Market order execution: An order to buy or sell at the current market price. It
ensures immediate execution but does not guarantee a specific price.

Stop-loss: A predetermined price level at which a trade will automatically be


closed to limit potential losses. It helps manage risk by exiting a trade if the
price moves against expectations.

Take-profit: A predetermined price level at which a trade will automatically be


closed to secure profits. It allows traders to lock in gains at a specific price.

Margin: The amount of money required to open and maintain a leveraged


position. Trading on margin allows traders to control larger positions with a
smaller amount of capital but increases both potential profits and losses.

Lot Size: In forex trading, lot size means how much of a currency you buy or
sell. It tells you the amount of money you're risking in each trade. Standard lot
size is 100,000 units, but there are smaller sizes like mini and micro lots if you
have less money to invest. The size of your lot affects how much you can win
or lose in a trade, so it's important to choose it wisely.

Technical analysis: The use of historical price and volume data to analyze
market trends, patterns, and indicators to predict future price movements.
TRADING DEFINITIONS
IN FORTNITE TERMS
Yes, I literally explain trading definitions using Fortnite terms. Yes, it actually
makes sense. You're welcome.

Pips: Think of pips as the Fortnite equivalent of victory royale points. They represent
the smallest unit of measurement in trading, just like every elimination matters in the
game.

Currency pairs: Imagine currency pairs as duos or squads in Fortnite. Just like you
team up with different players, currencies also team up in pairs, such as EUR/USD or
GBP/JPY, to battle it out in the trading arena.

Volatility: Volatility is like the storm in Fortnite. It measures how wild and
unpredictable the market can be. High volatility means the storm is closing in fast,
offering more opportunities for skilled traders to make moves.

Liquidity: In Fortnite, loot chests are scattered throughout the map, allowing players to
quickly grab weapons and resources. Similarly, liquidity in trading refers to how easily
you can buy or sell assets without affecting their prices too much.

Bid and ask price: Picture the bid price as the V-Bucks players are willing to spend
to buy a specific item, while the ask price is the V-Bucks sellers demand to part with
their precious loot. The difference between the bid and ask price is like the spread
between players' desired prices.

Market order execution: A market order in trading is like a direct assault on an enemy
player in Fortnite. It's an immediate action, where you buy or sell at the current market
price without wasting a second.

Stop-loss: Think of stop-loss as your built-in Fortnite shield. It's a predetermined level
that protects you from losing too much health (or money) by automatically closing
your position if the price moves against you.

Take-profit: Take-profit is your victory dance in Fortnite. It's the price level at which you
secure your gains and celebrate your successful trade. Just like doing a dance emote
when you eliminate an opponent.

Margin: Margin trading is like having a supply drop in Fortnite. It allows you to control
larger positions with a smaller amount of capital, just as a supply drop provides you
with extra firepower and resources.

Lot Size: Lot size is equivalent to the number of materials you gather in Fortnite. It
determines how much currency you're risking in each trade, just like how many
resources you're willing to spend to build structures and defend yourself.

Technical analysis: Technical analysis is like using a recon scanner in Fortnite. You
analyze historical data, trends, and indicators to uncover valuable information about
the battlefield and make strategic moves accordingly. So, put on your trader skins,
gather your trading squad, and dive into the world of Fortnite trading. Remember, just
like in the game, practice, strategy, and a bit of luck can lead you to victory.
4
T H E D I F F E R E N T
T Y P E S O F T R A D E R S
TYPES OF TRADERS

Swing traders: Imagine being on a


swing at the park. Swing traders
are like kids who enjoy longer rides
on the swing. They buy stocks or
other assets and hold onto them
for a few days to a few weeks,
hoping to catch bigger price
movements. They patiently wait
for the swing (price) to go up
before selling it for a profit.

Intraday traders: Have you ever


played a quick game of tag or
hide-and-seek? Intraday traders
are like players who finish the
game within a single day. They buy
and sell stocks, cryptocurrencies,
or other assets within the same
day. They try to take advantage of
short-term price fluctuations and
aim to make quick profits before
the day is over.

Scalpers: Imagine you have a


lemonade stand, and you want to
make money by selling lemonade
to as many people as possible.
Scalpers are like lemonade sellers
who quickly serve customers and
move on. They make lots of trades
within minutes or seconds, aiming
to profit from tiny price changes.
It's like selling lemonade cups and
making a small profit each time.

These are simplified explanations


to help you understand the basic
concepts of swing trading,
intraday trading, and scalping.
Keep in mind that actual trading
involves more complexities, but
this gives you a general idea of
what these terms mean.
5
T H E R I S K I N V O L V E D
W I T H D A Y T R A D I N G
RISK INVOLVED WITH DAYTRADING
Day trading, oh boy, it's like
navigating a field of financial
landmines. Sure, it can make you
stacks of cash, but it's not all
rainbows and unicorns. Strap on your
risk goggles, my friend, because
here's where things get dicey.

One of the biggest risks in day


trading is the potential for colossal
losses. We're talking losses that make
your heart sink faster than a lead
balloon. Unless you want to kiss your
hard-earned money goodbye, you
better have some risk management
strategies up your sleeve. Think of it
like defusing a bomb—set a stop loss,
limit your capital per trade, and pray
you don't accidentally hit the wrong
wire.

And let's not forget about the stress


and burnout that come with this
lightning-fast rollercoaster ride. It's
like running a marathon while
juggling flaming torches. The market
moves faster than a squirrel on
caffeine, and it can leave you feeling
more frazzled than a hedgehog in a
hurricane.

To survive this adrenaline-fueled


madness, you need to be a risk
management ninja. Master the art of
setting stop losses and managing
your emotions like a Zen master. And
hey, take breaks when needed
because even superheroes need to
rest their capes.

Remember, day trading isn't for the


faint of heart. It's like playing with fire
and hoping you don't get burned. So
gear up, stay sharp, and may the
trading gods be ever in your favor.
R I S K

6
M A N A G E M E N T
RISK MANAGEMENT- EXPLAINED
Ah, risk management, the superhero cape of day trading. It's all about
keeping your hard-earned cash safe and sound right? So, let's dive into the
wild world of risk and see if we can make it a little less terrifying.

First off, we have the legendary "2% rule." Picture yourself as a master juggler,
balancing your trades like flaming torches. This rule suggests that you
shouldn't risk more than 2% of your trading account on any single trade. It's
like saying, "Hey, Mr. Market, I'll play your game, but I won't bet my house on
it." By doing so, even if a trade goes haywire, your potential losses stay as
manageable as a pet hamster on a leash.

Now, here's my personal twist: I'm a wild risk-taker, and I only risk 1% per
trade. Yeah, you heard me right—1%! I mean, come on, I'd have to lose 100
trades in a row to blow my account. That's like finding a unicorn tap-dancing
on a rainbow — EXTREMELY RARE!

In addition to that, We've got stop-losses in the house. Think of them as


escape hatches for your trades. You set a predetermined price level where
you say, "Adios, trade, it's been real, but I'm outta here." It's like having a
secret exit door in case the market decides to throw a temper tantrum. By
using stop-losses, you can avoid big losses.

So remember, young trader, risk management is your shield, your secret


weapon against financial calamities. Embrace it, master it, and conquer the
trading world one smart move at a time. But hey, always leave room for a
little mischief and a sprinkle of humor along the way. After all, life's too short
to take it too seriously, right?
7
E S S E N T I A L T O O L S
A N D S O F T W A R E
N E E D E D T O S T A R T
ESSENTIAL TOOLS AND SOFTWARE
To start day trading, traders will need access to
certain tools and software. One of the most
important tools is a reliable computer, smartphone
or laptop with a good internet connection. Traders
will also need access to a trading platform that
allows them to execute trades quickly and
efficiently.

Computer or Smartphone: First up, we need a trusty


sidekick: your computer, laptop, or even your
favorite sidekick—your smartphone. Without these
gadgets, you're as helpless as a fish out of water.
Make sure they're fast, reliable, and connected to
the internet. We don't want any laggy trades ruining
our master plans.

Trading View - Now, let's talk about Trading View.


It's like the amusement park of trading, complete
with colorful charts that go up and down like a roller
coaster ride. It's a free website that helps you learn,
test, and keep track of stocks, crypto, currencies,
and more. It's like having a trading GPS to navigate
through the twists and turns of the market. Plus, did
I mention it's free? Free like that extra slice of pizza
you snag when nobody's looking.

MetaTrader4 - Next in our arsenal is MetaTrader 4,


the superhero of trading platforms. It's like having a
powerful suit that lets you trade stocks, currencies,
and more, all at your fingertips. It gives you real-time
charts, tools, and features to analyze the market and
make trades like a boss. You can set levels to limit
losses or lock in profits, making you feel as invincible
as Iron Man. MT4 is so popular that it's like the
Beyoncé of trading platforms— everyone wants a
piece of it.

Trade Journal - But wait, here's the secret weapon: the Trade Journal. It's like your
trading diary, where you pour out your heart and soul after each trade. You write
down your thoughts, strategies, and even your emotional roller coaster during the
trading journey. It's like therapy for traders, helping you learn from your triumphs
and facepalm moments. It's a place to identify patterns, discover your strengths,
and improve your skills like a trading guru. And hey, you can use a spare notebook,
Google Sheets, or even PowerPoint to document your epic adventures. But if you
want to be extra fancy, check out Edgewonk.app—a website that'll make you feel
like a trading superstar.

These tools can help traders make informed decisions and stay up-to-date on
market trends and news that could impact prices
The curtain falls on this beginner's guide to day trading, packed with all the
essentials you need to kickstart your trading journey. Let's do a quick recap of
what we've covered:

We explored the exciting opportunities that day trading brings, where you can
turn your dreams into a lucrative money-filled reality. We delved into the
basics, equipping you with the knowledge to navigate the fast-paced world of
day trading like a ninja.

We demystified the jargon with key trading definitions, ensuring you're not
lost in a sea of acronyms and market buzzwords. I even defined it in Fortnite
terms for you guys. And We even introduced you to the colorful cast of traders,
from swing traders enjoying longer rides on the swing to scalpers swiftly
serving lemonade cups of profits.

Of course, we discussed the risks involved because, hey, life's an adventure


and day trading is no exception. But fear not! We dived into risk management,
arming you with strategies to protect your hard-earned capital like a wise
guardian.

And finally, we revealed the essential tools and software you need to start your
trading journey with confidence. From the trusty computer or smartphone
that accompanies you on this trading roller coaster to the Trading View
website that makes charts dance before your eyes. Oh, and don't forget
MetaTrader 4, your superhero sidekick in the world of trading platforms.

Now, as you wrap up this guide, you might be asking yourself, "Now what?"
How do you take this roadmap and apply it to your unique trading style? Fear
not, my friend! If you're ready to take your trading to the next level, I invite you
to embark on journey of some more high-level Education. I

If you're a trader who's ready to invest in guidance and elevate your trading
game, check out DAY TRADING MASTERY HERE!

Regardless of whether our paths align, it has been an absolute honor to share
my knowledge with you. Day trading is a thrilling world filled with
opportunities and challenges, and I'm confident that armed with this guide,
you'll navigate it like a true trading master.

With Love,

Chadio

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