There is not a single day trading sytem that works. Period. So do not buy another day trading system or another day trading course. Do not attend another day trading seminar. No more "strategy trading" rooms. Do not buy anymore day trading software and do not subscribe to anymore charting services. Turn off the trading charts and stop looking at those stupid trading "indicators". No more money to salesmen who write good ad copy enticing you buy their trading strategy which has never worked and never will. If you want to have any shot at consistently making money from day trading, there are some things you need to know. If you're surfing the internet for sites like this one, it probably means you have not made any money day trading. Not any real money, anyway. I have made money day trading. To be more precise, I've made over $650,000. To go ahead and get it out of the way, here are some statements proving that I actually walk the walk. You can also click here to read an excerpt of an article I wrote for Active Trader magazine . I don't trade off of charts. I don't care about trendlines. And I'm not the least bit concerned with fundamentals. You shouldn't be either. I will tell you why. When George Soros was selling thousands of British Pound contracts (and breaking the Bank of England in the process), he wasn't concerned with support levels. He just sold. And sold. And sold. And his selling (along with the selling of other big players who jumped on the bandwagon with him) is what drove the market down, down, down. The Hunt brothers successfully cornered the silver market in 1979/1980. I say 'successfully' because their trading strategy worked. Their buying drove silver to the moon. And you better believe that every day trader in the silver pit was hoping it would last. "The Hunts are buying more? I'm bid!" The only reason it didn't work was because the federal government literally changed the rules of the game during the game. Somehow I doubt the Hunts looked at many charts. When the Chinese needed to buy corn last year, they bought everything in sight. They didn't care if there was an imaginary "resistance" line drawn across a graph which represents past price history (a.k.a. a chart). They just bought. Regardless of price. And they bought lots and lots of contracts. Their buying played a big role in driving up the price. What you have to understand is, while the dollar amounts involved in the examples above are way higher than the norm, the game which those people were playing is played every single day in every single market...just on a much smaller scale. Greenspan did not move markets. Bernanke does not move markets. Economic numbers such as the unemployment rate and durable goods reports do not move markets. PEOPLE MOVE MARKETS. The PEOPLE who buy and sell. This would seem to be self-evident but suprisingly is not and this is why no automated day trading system will ever work in the long run. A computer cannot anticipate what a person is going to do. Especially not a person who has money at risk. And people move the markets. People who run the trading desks of major banks move markets. Guys who run billion dollar hedge funds move markets. Sometimes, an individual trader who can afford to swing three or four thousand contracts moves markets. You and I alone do not move markets. However, if you and I and 1,000 other small traders all go in the same direction at once, we will move the market. The only reason to buy a futures contract or a share of stock is because you think someone else is going to be willing to buy it at a higher price than you are. You buy. Someone else offers to buy it higher. You sell it to him. You profit. Buy low. Sell high. It's that simple and that is all that is happening. It is a game and don't let anyone tell you otherwise. The only difference between you and the other guy is how much money each of you has to play with. The more money you have, the more influence you will have on the market. If you want to play in one of the biggest poker games on Earth, the game of day trading futures and day trading stocks, this is the first thing you must understand. You have the shortest chip stack by far. You are playing against guys who have access to more money than you will ever see in your life and if you go up against them, you will lose. Which is why you don't go against them. You go with them. It used to be a common belief that the markets were manipulated. Over the years, it has become a common belief that they are not. The biggest myth perpetuated by those in the business is that one person cannot move the market. That, my friends, is B.S. It's true that one person cannot move the market for an extended period of time, meaning days or weeks (although, that's basically what the Hunts did) but you better believe that one person can move the market around over the course of 10 or 20 minutes and at the right spot, one person can set off a chain reaction which can determine market direction for the next hour or more. There is a guy called the 'Flipper'. He is the biggest individual Bund/Bobl/Schatz trader in the world. To be honest, when I first heard about this guy, I thought he was a fictional character. Turns out, he is real. Google him.  The Flipper is called the Flipper because...he flips.  What is flipping?  Let's say the Bund is trading near a "support level".  The Flipper might have bids in all three markets.  He might be bid 1,200 contracts in the Bund, 1,500 in the Bobl and 3,000 in the Schatz.  His bids make the market look strong but in reality, he has been getting short.  When he feels the time is right, he pulls his bids and then offers several thousand in all three markets.  He reverses or "flips" his size.  His flipping causes a chain reaction.  Hyper day traders sell to get short because they are hoping for a sharp break.  Weak longs sell to get out because they're already down 4 ticks and don't want to lose 8 ticks.  While everyone else is selling, the Flipper is buying back his shorts...which you're losing. Let me give you another example. One from my own personal experience. I briefly worked for a firm which was applying statistical arbitrage models to related stocks. I won't bore you with the details but basically we would pick two stocks in the same industry, health care for example, and buy one and sell the other one. One day, one of the stocks I'm long, ICOS, is halted from trading (ICOS is no longer publicly traded). This is usually very, very bad. So as we await the news, I'm contemplating exit strategies. As luck would have it, the company released a statement saying it had developed a new product which had officially been approved by the FDA. The stock re-opened over $2.00 higher. I had 1,000 shares. Nice lottery win. So...what happens next? It goes up, of course. It goes up about another $1.00 and then something very interesting takes place. At something like $32.50 per share ( I don't recall the exact price), it stops. It doesn't stop because there aren't any more buyers. There are plenty of buyers. It stops because someone with a lot of money (or a lot of shares to dump) has decided that $32.50 is the perfect place to sell. I start watching the time and sales. For those of you who don't know what that is, it's the screen which shows the actual trades taking place. So you can see that 100 shares traded at $32.50, 500 traded at $32.50, 2,000 traded at $32.50, etc. So...to continue...over 500,000 shares of ICOS trade at $32.50 in a matter of minutes and when all of the buyers were done buying, a magical thing happened. The stock began going down. $32.40 offer/$32.30 bid. I hit the 30s. I wasn't filled. ICOS was traded on the NYSE which, even in today's world of electronic screen trading, is still run by specialists. Specialists can see the book. Specialists know where the orders are. After you place an order electronically, the specialist still has to fill it. My order hit with, I'm sure, several thousand more shares from other people around the world and the specialist dropped the bid. $32.20 offer/$32.10 bid. I offered at .05. I was filled.  Over the course of the next few hours, the stock continued to sell off and ended the day below the price at which it was halted. How did that happen? I'll tell you how. More money was interested in selling than in buying. Did one person sell 500,000 shares? I don't know. But I can tell you that no day traders were selling there. No day trader can swing 500,000 shares. But a bank can. Or a hedge fund. Or a board member of ICOS who sees this as a perfect opportunity to dump his stock. Think about it. How many chances do you get to sell 500,000 shares of a stock and not move the market a penny against yourself? And no, $32.50 was not a technical analysis spot of any kind. It wasn't a resistance number or a fibonacci number or part of a trendline. There was no technical reason to sell the stock at that price. Manipulation isn't really the right term to describe what's taking place in a situation like that. Manipulation implies doing something illegal based on inside information. That's not what happens. What happens is...someone with a lot of money buys a lot of contracts or shares and moves the price up. He does so in hopes of starting a move. When others start buying, that someone sells and covers for a profit. Could someone else sell more contracts or shares and drive the price down? Absolutely. But we are still talking about one person or maybe just a few people dictating the direction. In the ICOS case, it's the guy selling. Just like the Soros/Bank of England scenario. Your everyday average day trader who is just trying to scalp some ticks here and there isn't capable of moving the market. He cannot initiate moves like that. He will, however, ride a move like that. So as soon as the day trader sees that the buyer has lost the battle, he sells. As do others. The market moves down. People who are long begin to panic and cover their positions. This, in turn, drives the market down even further. Do you see? Nothing is happening. The market isn't moving. Someone decides to buy 5,000 contracts. Someone else says, "I'll sell you 5,000 and offer 5,000 more." The seller has more money to play with at that moment in time. And his selling sets off a chain reaction. The reaction might lead to a three point move or a fifteen point move. It depends upon how many people around the world are watching their screens and who feels like playing. And there it is. Professionals know where your stops are. They know there is support at 05. They can afford to sell 2,000 contracts at 05 and then offer another 2,000 at 04. And while you and 100 other small traders are busy covering your long positions at 03 and 02, they are covering their short positions. Buying back those 05's. From you. And taking your money. Lesson #1: In order to make money day trading, you must anticipate which way the most money is going to go. Notice I said most money. Not most people. Sometimes they are the same thing. Sometimes not. When someone sells a couple thousand contracts, it moves the market. You obviously want to be on the right side of that movement.  It's important to understand that even if a "technical analysis" setup works, it doesn't work because it's a technical analysis setup.  It works because more money went with the setup than against it.  And one cannot anticipate which way the most money is going to go by simply placing a buy or sell order because this is a "major level".  There may be people buying or selling who are completely unaware that this is a "major level" and could care less.  You have to know how to read the volume. When Soros was selling, it became clear to many other people around the world that there was more money selling than buying and so the domino effect begins. People who were long were selling to get out. People with money to burn were selling to get short. The boys at the Bank of England were buying all they could but alas, they didn't have enough money to stop the stampede. And so they were forced to sell their longs, suffer the loss and file for bankruptcy. Reportedly, Soros made over 1 billion on that trade. 99.9% of all day trading systems, day trading seminars, day trading courses, day trading books, etc. are complete bull...sheeeeeet. I read every trading book there was in the Palm Beach county library system (where I grew up). I read every trading book there was in the University of Florida library (where I went to college). I spent about a $1,000 or so on various day trading systems and trading courses. By the time I was 20, I had successfully lost several thousand trading options. For some strange reason, the strategies I had read about didn't work so well. By the time I was 24, I had successfully lost several thousand more trading the e-minis. "This is a double bottom. Why in the hell is the market going down?! And how much money do I have left?" I'm not going to tell you that I discovered some secret. I didn't. What I did was talk my way into a trading job in Chicago. A trading job where they paid me a small salary and sat me in front of a screen and gave me a 1 lot and said "Figure it out.". No one taught me anything. But someone did give me a bankroll and a salary and time. I sat there for seven months before I made a dollar. Then I made lots of dollars. And I made those dollars when I finally realized that charts are basically useless and everything I needed to know was sitting right there on the execution screen. Bids and offers. Offers and bids. That's it. I began to understand the psychology involved. Everyone has a pain threshold and if you can push the market just past that threshold, he will puke out. That's what we called it when we knew people were bailing out of a trade for a loss. Puking out. Yes, I have written a day trading book which you can buy from this site (actually, it's an ebook which you can download instantly).  I've also created a video tutorial to accompany the book (also downloadable) and it shows me making real trades in real-time (the trades were made in September, 2008 and yes, all the concepts still apply even after the meltdown...trading is trading).  I explain in the video why I entered the trades AND why I exited the trades.  You will see the setups I talk about in the book happen in real-life.  You will see both winning and losing trades (unfortunately for me, I'm not always right).  To see one of the setups on the video, click here. No, I do not make a living by selling day trading books and videos. People teaching every aspect of technical analysis make a living by selling day trading books and day trading courses and day trading seminars. People talking about halfway back numbers and Gann lines and stochastics and oscillators and Bollinger bands and false breakouts and true breakouts and Fibonacci numbers...they make a living selling that garbage. Or try to anyway. It's amazing really. In all of the books I have read about trading, not one...NOT ONE...talked about reading the volume. I never once read, "The guy who is bidding might actually be trying to sell." Even in the famous Market Wizards book. The majority of the traders in there talked about technical analysis but after trading for a substantial amount of time, I read that book again and now I wonder how many of those traders actually make decisions based on technical analysis. I started to read between the lines and things they said which didn't make sense before now make perfect sense. The best interview in that book is the one with Tom Baldwin and it's the one that Jack Schwager thought was the most irrelevant to his readers. Not his fault, though. He just didn't get it and to be fair, the book was written before electronic trading exploded so at the time, it was irrelevant to most. But not knowing what Tom was talking about is why 'most' lose money day trading. Jack: "How did you figure it out?" Tom: "It's like any other job. If you stand there for six months, you have to pick it up." Jack: "How do you make your decisions?" Tom: "You see the orders and you just trade it." Jack: "How is size an advantage?" Tom: "You've obviously never traded on the floor." It would seem size does matter. Jack thought that "market noise" or short-term movements were highly unpredictable. The exact opposite is true. It is far easier to predict what's going to happen in the next six minutes than it is to predict what's going to happen in the next six days, let alone the next six months. Apply that to any aspect of your life and you will understand what I'm saying. If I'm watching my screen, I can see that the market is in a freefall and buying it is a bad idea. I cannot, however, tell you if there is going to be a flood or a drought or a freeze or tell you what the Bank of Japan is going to do with its interest rates next month. Get the picture? Day trading is not the most risky form of trading. It is risky. No doubt. You can lose a lot of money very fast. But it is the least risky style of trading there is. I never hold a position overnight. Ever. I think position trading is a very bad idea. Unless you know something no one else does. Do some big traders make money holding positions? Yes. But they can afford to hold them. Let me illustrate. When oil was at $85, I was pretty sure it was going to $100. And I knew that when it went through $100, it was going to $110. Did I buy it? Hell no. Because it's way too volatile and I don't have the capital to swing enough size to make it worthwhile. I could have bought it at $85 but it might have dipped back to $75 before going to $100. That's $10,000 a contract. I don't have that kind of staying power. And I doubt you do either. But a guy running a billion dollar hedge fund does and he can buy enough to make it worthwhile. Even if you make a really good call on a long-term trade, you have to be able to buy or sell enough contracts to make real money. If you only have $15,000 to work with and you're trading a market that has volatile swings and the margin per contract is $2,000, you can only afford to pick up maybe five contracts. That's $10,000 in margin and $5,000 to cover the swings. Even if the market makes a huge move in your favor and you make $5,000 per contract (and that's a huge move in any market), you only make $25,000. That's not a living and chances are you will not make a call like that very often. George Soros made his British Pound trading decision based upon his interpretation of the fundamentals. He took on a large position. He could do that because he had billions to play with. He was right about the Pound. He freely admits to being wrong on many other occasions. Occasions where he's lost huge sums. There's a guy in a cowboy hat who offers a trading system. He's very well-known. His was the first course I ever bought. I don't recommend trading in the way he teaches. You'll lose.  However, the one thing he does teach which will work in the very, very long-term is, "Wait for a market to reach extremely low levels and then buy it and hold it." The thought is that a commodity will not go to zero. Unlike stocks, which go to zero all the time. So buy some contracts or some out of the money calls. Eventually it will go up again. Uh huh. Like gold did. After 25 years. Many years ago, cattle and hogs dipped to 20+ year lows. Supposedly, the man in the cowboy hat was long 400 feeder cattle contracts at the time. The market rebounded and he made a fortune. I'm sure he did. He claims to have sold over 200,000 trading courses. That's somewhere in the neighborhood of $60 million in sales. He is (or was) also part owner of a brokerage firm that charges $85 per round turn. If you have $60 million in the bank and are making $85 per round turn, you can buy 400 contracts and hold them. But if you are like the rest of us and don't have $60 million lying around, you do what a friend of mine did. You buy hogs at 27 cents and bail at 22 cents only to watch them go to 18 cents and then rebound to 33 cents. The moral of the story is...it is highly unlikely that you will ever make a fortune position trading...unless you already have a fortune. And if you already have a fortune, do something else with your time. The typical question I receive is, "If you're so good, why do you sell a book?"  The answer is simple. People pay for trading information and they usually give their money to someone who knows squat about trading.  If you're going to spend your money, you should get something for it.  My book and video package costs $39.95 and I offer a 60 day money-back guarantee.  You will learn more in the few hours you spend reading my book and watching my video than you will learn in a week with someone who is charging you $5,000 for one-on-one "mentoring". I named this site No B.S. Trading for a reason. I'm not going to feed you B.S. in hopes that you will buy my book and video package. I only want you to buy it if, after reading everything on this page, you are determined to try your hand at day trading. Like I said, I do not make a living selling day trading books. I do not make a living selling my day trading system. There is no day trading system. I am the system. And if you want to make money as a day trader, you have to become your own day trading system. I built this site because I spent thousands of hours of my life reading trading books that didn't provide me with a single, profitable piece of trading information. I built it because I worked for a brokerage firm in Colorado that sold $3,000 weeklong day trading courses to people who should have never been trading in the first place. Three guys taught the course. Two of the guys teaching didn't even trade. The other guy hadn't made a profit in three years. The entire thing was a great big pile of technical analysis B.S. with a few words on risk management.  Even as the Nasdaq was crashing, they were still able to get at least a dozen people a month to sign up for the day trading course. I built this site because people spend thousands of dollars on trading software and trading seminars and trading books and the only thing they get out of it is a larger loss. Lost $20,000 trading. Spent another $5,000 on worthless information. If you're going to buy information, buy it from someone who knows what he's talking about and can prove it. If I want to build a house, I'm talking to a carpenter. I'm not talking to a guy who makes hammers for a living. Type "day trading system", "day trading course", "day trading book", "day trading strategy", "futures trading system" or any other variation thereof into Google or Yahoo and you will see hundreds of people trying to sell you technical analysis as an approach. $1,000 courses, $5,000 personal instruction, $300 a month "live strategy trading rooms", etc., etc., ad nauseum. Worthless, worthless, worthless. You will not make money making trades based on technical analysis. And even if these guys in the "live strategy trading rooms" are really trading their own money and not just giving you their opinions, chances are they've never made any real money. Not consistently. Type in "day trading course". Browse the listings. You've got guys offering one-on-one training for $5,000 and they don't have a single statement posted on their site. No hard evidence that they even have a trading account, let alone that they've made money. What's their background? "I've been trading and investing for 15 years." Really? Well if you've been trading for 15 years, I would think you could find at least one or two statements which show a profitable month. One month out of twelve? Something. Anything to let your potential customers know that you actually walk the walk. "Proven strategy! Three year record!" I click on the site. The three year record is from backtesting. No actual statements. "Join our private elite club! Watch our trades in realtime! We show you the strategies the professionals would never share! But join now because membership is limited!" Well, yeah. I guess if you have 250 people paying you a couple hundred a month for access to your trading room, you don't really need to shoot for 300. No need to be greedy. If you find someone who sells a day trading system or course or book and he/she actually has statements posted, please drop me an email with a link to the site. I've yet to find one. However, all of these sites have great testimonials. "Hey Bob, Just wanted to say your day trading system is fantastic! I followed one of the signals you gave last week and I made $2,400 in 10 minutes! I wish I had found you years ago! Thank you so much for sharing your knowledge. Sincerely, Lucky rookie trader who is about to get a harsh dose of reality" The next 12 signals cost him $20,000. You won't be reading any of those letters. Everyone has losing days. Everyone has losing weeks. I have had very few losing months in my time trading. And I am way ahead in the day trading game. There is no secret. There is no magic formula. There is no black box. Every guy who has invented a day trading algorithm which he thought was the end all be all of trading has eventually been obliterated. Just read about Long Term Capital. Or any other fund which tanked. Trading is all about human psychology. Who has the most money? Which way do I think he's going to go? If he does go that way, is this a spot where a bunch of other people are going to jump on board? Is this a spot where scared money is going to exit? And most importantly, how am I going to feel if I'm wrong and I lose this money? If you want to trade for a living, there are some very important questions you need to ask yourself. Question #1 Can you afford to lose? If you were to take whatever money you're thinking about trading with and dump that money into a pile on the floor of your living room and light it on fire, could you watch it burn and know that it's not going to make a bit of difference to your lifestyle? I'm being serious. You have to be able to trade without fear. This doesn't mean you trade without sense. It means, if you need money right now, you shouldn't trade. If you're trying to make the rent money, you shouldn't trade. If losing that money is going make you suicidal, you shouldn't trade. If you cannot afford it, DO NOT trade. And you need way more than $500. If you think you're going to turn $500 into $20,000 (which is what at least half of the day trading courses out there will tell you is possible), good luck to you. Buy a coffee call before the winter kicks in and hope for a freeze. Or go to Vegas and let it ride on the pass line. Your odds are about the same. You'll have more fun in Vegas though. Question #2 Can you sit in front of a computer screen every Monday through Friday from 8:00a.m. till 12:00p.m.? If you have a 9 to 5 job, you obviously cannot day trade. If you cannot afford to sit there for three or four months and make no money, don't trade. There is a learning curve and it takes some time to pick up on what's happening. Notice I said till 12:00p.m. Trading in the afternoon is usually not a good idea unless it's a day with really good action. The liquidity tends to dry up and the risk factor increases. All the economic data comes out in the morning and most of the major players make their moves in the morning and then go home. You should do the same. Question #3 Can you admit you're wrong? This is trading. You are going to be wrong a lot. As soon as you know you're wrong, you must must must click your mouse and exit the trade for a loss. Period. A small loss is often the best loss. You cannot let three tick losers turn into eight tick losers. You cannot hesitate. Hesitation causes death. Hesitate in a fight and you will get punched in the face. Hesitate in a bar and some other guy gets the girl (or some other girl gets the guy, for the ladies reading this). Hesitate to take a loss in day trading and you will see every dollar in your account evaporate into thin air right before your very eyes. Question #4 Do you have access to an extremely stable, high-speed internet connection? This may sound like a stupid question but there are plenty of places which still do not have really fast dsl lines or cable modems. T1 lines and FIOS connections are more stable but they are also more costly.  Test your connection and make sure you don't have any issues. Question #5 Is this something you really want to do? "Well of course it is. At least I have the potential to make a lot of money day trading. No other job I know how to do is going to pay me that well. Even if I lose, at least I took a shot at real money." This is a reasonable answer. When the money is good, it's good. And working two or three hours a day isn't bad. But even if you do figure out the game, it's going to take time for you to hit big numbers. Especially if you're starting small. I took $10,000 into $90,000 in six months one time but then I hit a plateau for awhile and during that time the bills didn't stop. The IRS takes its share and you have to pull out money to live on and it becomes difficult to really ramp up your size. To get to the big numbers, you have to be able to let your account grow and not constantly be dipping into it. I once had a roommate who would occasionally sit next to me and watch me trade for a few minutes. Just out of curiosity. He saw the dollar amounts involved but he wasn't interested in learning how to trade. He would have liked the money, to be sure, but he once told me, "If I had to do that to make money, I would go insane." All I'm saying is, you only have so much time. Is this how you want to spend it? The idea is always, "I will make a million trading and then I can do whatever I want". Yeah. It's certainly possible. But it's not going to happen overnight. If you have read this page and have officially decided that trading is not for you, great. Seriously. If you can be talked out of it, you should be talked out of it. I was watching CNBC one day and one of their female reporters was on the CBOT floor interviewing a big trader. He wasn't really interested in talking to her but he was being cordial and at one point she asked him what kind of advice he would give to a novice looking to get into trading. His response was, "Don't." She got this look of "um, well, that's not what I was expecting" and tried to rephrase the question but he just continued with, "Don't do it. You have no chance. Forget about it." I was laughing out loud. The woman didn't know what to say. It's good advice. If, on the other hand, you have decided that you definitely do want to trade in spite of all of the caveats I offered above, then take $39.95 out of that $399.95 you were about to spend on the "Secrets of the Samurai Trader Japanese Candlestick Buy Green Sell Red" 12 dvd course and buy my downloadable No B.S. Trading book and video tutorial instead. You will learn far more for a lot less and I offer a 60 day, unconditional, money-back guarantee.  Just send me an email and I will refund every penny.  No questions asked. What will you learn? How to anticipate what the most money is going to do next. How to make decisions based on reading the price action. Why discretionary trading will always outperform an automated system. What technical analysis really is and why it doesn't work in the long run (novice traders never think about this because most novice traders have done nothing BUT look at charts). How to keep from being whipsawed. How to pick exit prices for winning and losing trades. Why any winning trade which is 6 ticks in the money or more should never become a loss. How to determine 'real' support and resistance levels and what to look for at those levels. When it does pay to know what numbers everyone else is watching. How to stay out of the market when volatility dries up. How to determine whether the bids and offers are from major players looking to move real size or if the bids and offers are being thrown up by guys looking to scalp one or two ticks. Why understanding psychology is the most important part of successful trading. You must understand your own psychology as well as that of the traders you are up against. Remember: people move the markets. People have brains and emotions. Two things which often work against one another. The best execution platforms to use.  Which brokers offer the best commission rates. Extremely important to your bottom line. Do not be afraid to ask for a lower rate. The worst they can do is say no and you would be surprised at how low they will go if you're doing a significant number of trades on a monthly basis. How to determine position size when you first start. How to determine the number of contracts you should add when you're winning and the number you should subtract when you're losing. I've read over and over again how you shouldn't risk more than 1% of your bankroll on any one trade. Whatever. Maybe if you have a million dollars and you're fine with an annual return of 8%. This isn't even remotely realistic if you're starting with a small bankroll and want to make real money. Which economic numbers are important and how to trade them. Why you may want to trade futures instead of stocks. Why you may want to trade stocks instead of futures. Which markets are the best for day trading. Why you should stay away from forex at all costs (if you want to trade currencies, I'll tell you why you should trade them on the CME). When to take your hand off the mouse. When to turn off the computer and call it a day...win or lose. Plus: Tax advantages of trading futures vs. stocks ( I am constantly surprised at how many stock traders do not know about this). How to keep your overhead to a minimum. Why leasing a seat on an exchange could be well worth your time and money. Where to find a list of proprietary trading firms and which ones are worth contacting. I worked for a proprietary trading firm in Chicago and the trading world is actually a very small place. If it's a prop shop, chances are I know someone who has worked there. This book and video package was put together for someone who is already somewhat familiar with basic trading concepts. If you don't know what buying on margin means or what bids and offers are, you should do some more research before proceeding. Better yet, you should forget about trading and go do something else with your life. But if you are like I was and are bound and determined to make tons of money as a day trader, buy the book and video. Can I guarantee that you will make hundreds of thousands? Absolutely not. I have no control over when you click the mouse. But I can tell you that reading the book and watching the video will cut years off of your learning curve and you will never need to buy another day trading system or day trading course or day trading book again. However, be warned, you're going to have to actually use your brain. Trading is not a do this/do that endeavor. There is no concrete set of instructions. You must pay attention and you must act quickly. You must make calculated judgements based on a continuous stream of constantly changing information.  There are reasons why I never started an online trading room and had people watch me in real-time. For one thing, it's unlikely that they would always get in and out at the exact same prices as me. I may have bought 03's while you were in the bathroom. You come out and see that I'm long and the market is 06 at 07. So you hit 07. Right after you bought 07's, I sold 07's because I thought the market was going to pull back. It did and you sold out at 03. I made 4 points and you lost 4 points. Sucks for you. And in a really volatile market, like right after the unemployment number comes out, there is no way to talk a person through each trade and concentrate on what is happening at the same time. You need to understand why the trades are made. You need to be able to see the setups yourself. You need to be able to act without any confirmation from me or anyone else. I'm a believer in the "Teach a man to fish rather than give him a fish" philosophy. Remember, I offer a 60 day, no questions asked, money-back guarantee.   But quite frankly, once you read the book and watch the video, you will wonder how you could have overlooked the obvious for so long.  So buy the book and video package and you will not only learn what really works but more importantly, you will learn why it works. Unless... you think the author of No B.S. Trading is full of B.S. If that's the case, close the window and go give the other guy $5,000. I'm sure his wife would love a new pair of diamond earrings.