The best way to learn stock trading is with a hands-on approach as you are being taught by the #3 ranked trader out of more than 10,480 traders.
These 450+ day traders are led by “Jedi” Luke, the head day-trader in Jason Bond Picks service. Luke was taught by a friend of Ronald Reagan’s personal stock trader. Luke served in the U.S. military as a Marine.
There are 3 other traders that work along side the Jedi: MattG, Barak Bitton, and Marjorie Zwak.
To find out more about Jason Bond Picks live day trading room, see http://www.guerillastocktrading.com/lessons/welcome-to-my-day-trading-room/
Learning Stock Market Trading
When you are learning stock market trading it is important to keep humble. Your whole focus should be to find someone who successfully stock trades at home for a living and then duplicate exactly what they are doing.
Best Stock Trading Site For Beginners
I get emails from people on a regular basis that say Lance, you and Jason Bond are the only legitimate guys I follow. There’s a reason for that folks. Hands down, the best stock trading site for beginners is Jason Bond Picks. Yes I’m an affiliate of Jason Bond so if you sign up to his service through me, I get paid a small amount. But folks, I was running this blog long before Jason Bond started his stock picking service. I would not recommend his service to you if I didn’t think it was the best stock trading site for beginners. I have my own credibility and name that I would not risk running through the mud promoting some BS scam. I am one of the most honest, straight up guys you will ever meet. I have never promoted penny stock pump and dumps, and I even block advertisers from my site (like the stock trading robot that was shut down by the SEC as a scam) when I think something is BS.
I found Jason Bond Picks when it had been in business for less than a year. I joined the service and learned all about it. I vetted Jason Bond Picks for 3 months before joining the affiliate program. I later became friends with Jason Bond and the rest was history. Put simply, I vouch for Jason Bond Picks and put my own credibility on the line. There’s not enough a business could pay me to push to you anything but the best in class service.
I routinely turn people away from Jason Bond Picks who I think the service is not a good fit for. If someone emails me and asks does Jason Bond guarantee that I’ll make XX amount of money in the next 3 months if I join? My response is no and if that’s what you’re looking for then you need to look someplace else. If someone emails me and says, “Lance I’m down to my last $1,000 after a losing streak and the wife is threatening to cut me off. This $1,000 is everything to me and I can’t afford to lose anymore money. You are my last hope. Can you guarantee Jason Bond Picks will work for me?” My response is, “Nothing is guaranteed in the market. Don’t gamble away your last $1,000. Stop trading because you are on a losing streak. Take a break. Repair the relationship with your wife and save up more money and get yourself out of debt first. Never invest any money in the stock market you can’t afford to lose. Email me again in 6 months if your situation improves. For now, I don’t recommend you sign up to Jason Bond Picks and gamble away anymore of your hard earned money.”
What I’m trying to say folks is that Jason Bond Picks isn’t for everyone. My goal is more match-maker than anything else. If your goal is to learn to trade for a living at home and you have some extra money you can gamble in the stock market, let’s get together and make this happen. I’ll show you everything I know and then I’ll hook you up with Jason Bond, the #3 ranked trader in the world out of a contest of more than 10,480 traders on Profitly. We’ll make magic together and I can’t wait to get an email from you about how I helped change your life for the better.
Frequently Asked Questions about Learning Stock Trading From The Best Stock Trading Site
What is trading psychology?
Trading psychology has to do with the mental state of an individual trader, and the mental state of all market participants.
Trading psychology is just as important as technical analysis and fundamental analysis (the four major disciplines that traders learn are: fundamental analysis, technical analysis, trader psychology, and money management).
Discipline, emotional control, and risk management are three important aspects of trading psychology. The four major emotions that traders must learn to control are: fear, greed, hope, and regret. Trading psychology is all about master control over these four major emotional states.
Fear – Fear often causes a trader to close out of a position too early or to not take a position at all. Irrational fear caused thousands of traders to buy gold in 2010 and 2011 instead of stocks. Gold plunged while March of 2009 was the start of the best bull market run in history. Fear caused thousands of traders to miss out on substantial profits between 2009 and 2014.
Greed – Greed often causes a trader to stay in a profitable trade too long rather than booking profits when he/she should have. Penny stock promoters often use greed to run pump and dump promotions. Greed can cause a trader to put too much money into a single trade or “to bet the farm” on a “sure thing.” Greed caused traders to throw the P/E ratio out the window during the .com bubble of the late 90’s. Greed caused speculative real estate buying and house flipping during the real estate bubble of the mid-2000s.
Hope – Hope often causes a trader to stay in a losing position too long which ties up money that would be better invested elsewhere. Praying or hoping that a stock will come back is a losing strategy and is often the result of not using a disciplined stop loss strategy.
Regret – Regret over a huge loss often causes a trader to “throw in the towel” and give up trading completely. Regret can also cause a trader to take a position after initially missing out on a good entry because the stock moved so quickly. Chasing a stock out of regret that the initial entry was missed is usually a bad idea that results in a significant loss.
Chart patterns are maps that reveal the psychology of market participants. This is why books and websites that teach candlestick patterns and chart patterns usually have sections that explain the psychology behind the pattern.
Chart patterns in and of themselves are meaningless without understanding the mass psychology behind the pattern.
TsTSquawkRadio posted the awesome video below called The Importance of Integrating Psychology into Your Trading Plan – Dr. Menaker
Indicator Warehouse | Diversified Trading System (DTS) posted the excellent video below called Trading Psychology Coach Richard Friesen | Mind Muscles Academy.
FullyFundedTrader posted the awesome Nova documentary below that links psychology, rationality, economics, consumerism, and trading, together by discussing the impact of emotions on all types of financial decisions.
What are pump and dump stocks?
Pump and dump stocks are usually thinly traded nano-cap penny stocks that are involved in a scheme to boost the stock price through false, misleading, or exaggerated statements via emails, faxes, and web sites. These thinly traded stocks with a low float are easier to manipulate.
OTCBB and pink sheet listed stocks don’t have the strict reporting requirements like stocks that list on a major exchange like the NASDAQ or AMEX. This is one of the reasons why pump and dumps are usually ran on stocks that trade on the OTCBB or pink sheet markets.
The penny stock owners who already have a large position in the company’s stock, hire a penny stock promoter to pump the stock. The owners sell or dump their stock as soon as it runs up. Pump and dump schemes are suppose to be illegal but you can find them being done on a regular basis over the Internet where regulation can be more difficult when the pump is being done from a server located in a remote country.
The victims of a pump and dump will usually lose most of their initial investment when the dump begins and the stock price comes crashing back down.
Epic Stock Due Diligence posted the great video below called Penny Stock Pump & Dump Slideshow Explanation.
eHow posted the excellent video below called Investment Stocks Tips : How to Determine Pump & Dump Scams.
Make Money Trading Stocks posted the educational video below called What is a Pump and Dump Scheme?
Basics of Stock Trading
Before we even get to the basics of stock trading, you need to check your emotional and psychological mindset. Did you just go through a divorce? Did someone close to your die? Are you angry right now and not in a learning mood? Are you able to get over the biggest obstacle for most people: your own ego?
Folks, I can’t tell you how many times I’ve seen a trader’s ego get in the way of taking his trading to the next level. The best way to learn stock trading is to put your ego aside, put on your learning cap, and duplicate exactly what Jason Bond (JB) is doing. That means signing up for ETrade Pro if you don’t already have it. Jason Bond (JB) has lessons on how to set up your ETrade Pro screen and trading station exactly like he does so that you are looking at the market just like he is.