Wednesday, June 26, 2013

Ten Facts Which You Need To Know About The 9/11 Cover Up


Ten Simple Facts That Suggest A Cover Up At Ground Zero And Americans Have Been Conned

There are numerous stories as to what did or didn’t happen at the World Trade Center on 11th September 2001. I was watching Rumble In The Jungle, a documentary about the fight between George Foreman and Mohammed Ali, when the television channel switched to the scenes at New York where a plane had flown into one of the twin towers of the World Trade Center.

What puzzled me was how those buildings could implode the way they did. Something just did not seem right. However, after having watched another documentary that explained how it was possible I accepted the official view. That was until I heard a crew of workers would visit the buildings each morning between 3am-5am for some ten days prior to attack when the janitorial workers had left and before day workers appeared. I decided to review the footage again.

A study of the video footage shows explosions taking place below the floors of the crash site. When you see for yourself this, you ask the question, who did what.

  1. The second plane was unmarked with no Airline logo. 
  2. The planes were travelling extremely fast and very accurately managed to perform a maneuver that is difficult for experienced pilots to pull off, let alone inexperienced amateur pilots, which indicate that the accuracy was programmed and the planes were on autopilot. 
  3. The second plane clearly was carrying a cylindrical object of some sort under its carriage. 
  4. Timed explosions are easily identified occurring below the floors of the crash site. 
  5. The smoke from the crash of the planes was black indicating insufficient oxygen and fire losing heat.
  6. The smoke from the lower levels was white indicating the fire was fed by oxygen. 
  7. The plane crashes were about an hour apart, yet the towers imploded around the same time. 
  8. Buildings burn for days when on fire without sending debris miles away, but these twin towers imploded from intense heat within a few hours sending debris  miles from the vicinity suggesting explosive forces. 
  9. The steel within the building melted in such a way that it evidently required an accelerant such as thermite, which was probably sprayed over the steel structures between the floors. 
  10. The fire was localized at the point of impact, yet the buildings collapsed uniformly indicating that the fire would have had to be pervasively burning at uniform intensity throughout all of the two buildings.

These ten points raise questions as to who knew what and whether there were members of the US government conspiring to further the aims of a covert group of strategists seeking to consolidate world power.

www.happyriches.com

Friday, June 21, 2013

Ten Inventions Of The Mad Scientist



Nikola Tesla was often portrayed as the mad scientist by the press, and many thought he was ahead of his time.Unlike most scientists and engineers, Tesla would work out in his mind what others would need to draw. Once the blueprint was finished in his mind, then he would put it down on paper. The financier J.P. Morgan has even been accused of burning down his laboratory so that he could not provide free electricity. The legend of Nikola Tesla lives on.  Here are ten of his inventions.


1. Alternating Current -- This is where it all began, and what ultimately caused such a stir at the 1893 World's Expo in Chicago.  A war was leveled ever-after between the vision of Edison and the vision of Tesla for how electricity would be produced and distributed.  The division can be summarized as one of cost and safety: The DC current that Edison (backed by General Electric) had been working on was costly over long distances, and produced dangerous sparking from the required converter (called a commutator).  Regardless, Edison and his backers utilized the general "dangers" of electric current to instill fear in Tesla's alternative: Alternating Current.  As proof, Edison sometimes electrocuted animals at demonstrations.  Consequently, Edison gave the world the electric chair, while simultaneously maligning Tesla's attempt to offer safety at a lower cost.  Tesla responded by demonstrating that AC was perfectly safe by famously shooting current through his own body to produce light.  This Edison-Tesla (GE-Westinghouse) feud in 1893 was the culmination of over a decade of shady business deals, stolen ideas, and patent suppression that Edison and his moneyed interests wielded over Tesla's inventions. Yet, despite it all, it is Tesla's system that provides power generation and distribution to North America in our modern era.


2. Light -- Of course he didn't invent light itself, but he did invent how light can be harnessed and distributed.  Tesla developed and used florescent bulbs in his lab some 40 years before industry "invented" them. At the World's Fair, Tesla took glass tubes and bent them into famous scientists' names, in effect creating the first neon signs.  However, it is his Tesla Coil that might be the most impressive, and controversial.  The Tesla Coil is certainly something that big industry would have liked to suppress: the concept that the Earth itself is a magnet that can generate electricity (electromagnetism) utilizing frequencies as a transmitter.  All that is needed on the other end is the receiver -- much like a radio.

3. X-rays -- Electromagnetic and ionizing radiation was heavily researched in the late 1800s, but Tesla researched the entire gamut. Everything from a precursor to Kirlian photography, which has the ability to document life force, to what we now use in medical diagnostics, this was a transformative invention of which Tesla played a central role.  X-rays, like so many of Tesla's contributions, stemmed from his belief that everything we need to understand the universe is virtually around us at all times, but we need to use our minds to develop real-world devices to augment our innate perception of existence.

4. Radio -- Guglielmo Marconi was initially credited, and most believe him to be the inventor of radio to this day.  However, the Supreme Court overturned Marconi's patent in 1943, when it was proven that Tesla invented the radio years previous to Marconi.  Radio signals are just another frequency that needs a transmitter and receiver, which Tesla also demonstrated in 1893 during a presentation before The National Electric Light Association.  In 1897 Tesla applied for two patents  US 645576, and US 649621. In 1904, however, The U.S. Patent Office reversed its decision, awarding Marconi a patent for the invention of radio, possibly influenced by Marconi's financial backers in the States, who included Thomas Edison and Andrew Carnegie. This also allowed the U.S. government (among others) to avoid having to pay the royalties that were being claimed by Tesla.

5. Remote Control -- This invention was a natural outcropping of radio. Patent No. 613809 was the first remote controlled model boat, demonstrated in 1898.  Utilizing several large batteries; radio signals controlled switches, which then energized the boat's propeller, rudder, and scaled-down running lights. While this exact technology was not widely used for some time, we now can see the power that was appropriated by the military in its pursuit of remote controlled war. Radio controlled tanks were introduced by the Germans in WWII, and developments in this realm have since slid quickly away from the direction of human freedom.

6. Electric Motor -- Tesla's invention of the electric motor has finally been popularized by a car brandishing his name.  While the technical specifications are beyond the scope of this summary, suffice to say that Tesla's invention of a motor with rotating magnetic fields could have freed mankind much sooner from the stranglehold of Big Oil.  However, his invention in 1930 succumbed to the economic crisis and the world war that followed. Nevertheless, this invention has fundamentally changed the landscape of what we now take for granted: industrial fans, household applicances, water pumps, machine tools, power tools, disk drives, electric wristwatches and compressors.

7. Robotics -- Tesla's overly enhanced scientific mind led him to the idea that all living beings are merely driven by external impulses.  He stated: "I have by every thought and act of mine, demonstrated, and does so daily, to my absolute satisfaction that I am an automaton endowed with power of movement, which merely responds to external stimuli."  Thus, the concept of the robot was born.  However, an element of the human remained present, as Tesla asserted that these human replicas should have limitations -- namely growth and propagation. Nevertheless, Tesla unabashedly embraced all of what intelligence could produce.  His visions for a future filled with intelligent cars, robotic human companions, and the use of sensors, and autonomous systems are detailed in a must-read entry in the Serbian Journal of Electrical Engineering, 2006 (PDF).

8. Laser -- Tesla's invention of the laser may be one of the best examples of the good and evil bound up together within the mind of man.  Lasers have transformed surgical applications in an undeniably beneficial way, and they have given rise to much of our current digital media. However, with this leap in innovation we have also crossed into the land of science fiction.  From Reagan's "Star Wars" laser defense system to today's Orwellian "non-lethal" weapons' arsenal, which includes laser rifles and directed energy "death rays," there is great potential for development in both directions.

9 and 10. Wireless Communications and Limitless Free Energy -- These two are inextricably linked, as they were the last straw for the power elite -- what good is energy if it can't be metered and controlled?  Free?  Never.  J.P. Morgan backed Tesla with $150,000 to build a tower that would use the natural frequencies of our universe to transmit data, including a wide range of information communicated through images, voice messages, and text.  This represented the world's first wireless communications, but it also meant that aside from the cost of the tower itself, the universe was filled with free energy that could be utilized to form a world wide web connecting all people in all places, as well as allow people to harness the free energy around them.  Essentially, the 0's and 1's of the universe are embedded in the fabric of existence for each of us to access as needed.  Nikola Tesla was dedicated to empowering the individual to receive and transmit this data virtually free of charge.  But we know the ending to that story . . . until now?




www.happyriches.com

Wednesday, June 12, 2013

TOP TEN CITIES OF SIN...Are These the Sodom and Gomorrah of the 21st Century


TOP TEN CITIES OF SIN...Are These  the Sodom and Gomorrah of the 21st century

via News Limited
SIN Cities in which you can pursue vice and debauchery have existed throughout history, from Rome's gory days when you could follow up your bet on a gladiator with an orgy, to Shanghai where you could float for days in opium dens high on sex and drugs.
In the 21st century, new sin cities around the world have taken up the cause and we've compiled them all in our list. The criteria for a location to make our sin cities list is pretty simple: It has to offer a strong presence of gamblingsex, drinking, drugs and/or partying.

Here are the top 10 sin cities that made the cut.

No.10 Berlin, Germany

Bring out das gimp! Latex pants, tops, chains, whips and S&M are all the rage in Berlin, one of the world's most fetish-friendly sin cities. Need to be punished? Turn yourself in to any of the city's sex dungeons for rehabilitation. Want to dance at a club you can also have sex at? The KitKat Club will oblige. Between the First and Second World Wars, Berlin established the world's first institute for sexual science, which, among other things, had a porn collection that puts every teenager's hidden stash to shame. This openness inspired cabaret and burlesque shows. Plus, at a popular nightclub of the time, patrons could even send cocaine vials by pneumatic tube to other patrons.

In modern-day Berlin, prostitution is legal everywhere. So, if handcuffs and zipper masks don't do it for you, working women will be happy to oblige.

No.9 Macau, China

Have you been to the Venetian, Wynn and MGM hotel casinos in Las Vegas? Now try the ones in China. Located in South China, Macau's legalised gambling laws have made big money for the country and gotten it ranked as one of our top 10 sin cities. It has already surpassed Las Vegas twice for total gambling revenue and boasts the world's largest casino, the Venetian Macau. In all, it packs 33 casinos into 11 square miles with plans for plenty more to come. Like Las Vegas, Macau also advertises tons of women for extracurricular entertainment. While the prostitution laws contradict themselves in the books (it is legal, but procuring it is not), it’s practiced more and more out in the open.

Down on your luck? You might get lucky here.

No.8 Manama, Bahrain

Welcome to the party oasis of the Middle East. Connected by a causeway to nearby Saudi Arabia, Manama is a popular spot for Saudis to kick back from their country's restrictive laws. Here they can get hammered, go clubbing, mingle with the opposite sex, and if they're really daring, they can pick up prostitutes - a practice that's illegal but widely available. While Manama is still largely a Muslim city, a third of its residents are foreigners, so it has led to a much more liberal culture that gave women the vote in 2001, and let them drive cars. For many Saudi males this proximity to an open culture is irresistible and many jam the causeway and fill flights to the city every weekend.

Do you want to see what happens when Saudis cut loose and leave the rules behind? You may need to get in line.

No.7 New Orleans, Louisiana

Beads, boobs, beer and bongs make this city the North American choice for Mardi Gras. Its sinful history dates back to the 19th century when it was a mixing ground of music, prostitution, French food, and hedonism. Nowadays, you'll find a modern mix of this in the city's French Quarter, with strip joints, porn shops and bars to satisfy your appetite and make the locale one of the most tantalising sin cities around.

Prostitution is illegal, but it has a long history here. American Senator David Vitter can attest to this. He got pinched for his regular visits with a Canal Street hooker, but in a city that advertises "Live Sex Shows" and "Wash the Girl of Your Choice", sinning is as integral as breathing.



No.6 Moscow, Russia

What happens when a culture that has been bottled for decades finally gets uncorked? Insanity. You’ll find every kind of nightclub - from hardcore techno to rock to trance - jammed with people from across Europe. Do you want to find a longterm thing? No need to mailorder when you can meet a wife at the clubs and strip clubs near Red Square. Prostitution is illegal, but punishments are often paid off with rubles. You'll see prostitutes out in the open at tochkas (outdoor markets for prostitutes) or at the city's clubs.

Also check out The Hungry Duck. A bar that runs ladies' night three times a week with male strippers for two hours, and then lets men into the club once the strippers are offstage. It has been shut down repeatedly for lewdness and public sexual acts. And your party fuel? Only one of the best vodkas in the world. Comrade, your revolution starts here.

No.5 Rio de Janeiro, Brazil

Brazil’s women have a mythical beauty that consistently puts them at the top of the world's supermodel list. Think: Gisele BundchenAlessandra Ambrosio and Adriana Lima. Rio is one of their biggest playgrounds. Pick a beach - Copacabana to Ipanema - and stare at topless women all day. Of course, this is all a prelude to when the fun begins at night. Slip into any of the city's nightclubs to grind with Brazil’s best over-powering bass lines and bossa nova. Rio also makes our sin cities list because it has legal brothels with a menu of services. To truly experience Rio, however, visit during its annual Carnaval, a weeklong festival of parades, music and masquerades that brings Rio’s flesh and fantasy culture to a boiling point. Bring plenty of sun and fun protection.

No.4 Las Vegas, Nevada

Ranking No. 4 on our list of sin cities, Las Vegas is every sinner's paradise. You can gamble all day and night (even in the airport) and prostitution, while not technically legal, disguises itself in the form of "escort services". You'll see plenty advertised on magazine stands and guys will snap escort service cards at you as you walk The Strip. Other available vices in this sin city include taking your drinks outside and finding lurid sex shows at strip clubs or tamer ones at well-known casinos.

Have you ever wanted to shoot an Uzi or a handgun? No problem. Just walk into a local gun shop with a driver’s license. You can even indulge your taste for sinful wine and food at many of the city's celebrity restaurants, like Thomas Keller’s Bouchon. The greatest part of this sin city, however, is that no matter how dubious the culture, people respect Vegas as a legitimate destination. Go on and sin. It’s an industry here.



No.3 Amsterdam, The Netherlands

The international destination for weed/Harold and Kumar fans everywhere, Amsterdam has tonnes of cannabis cafes where you can buy hash and marijuana, smoke it and then order food to curb your munchies. Once you've peaked, walk over to the city's red light district where you can look at prostitutes who are on display for anyone who's interested. Finish up your day by checking out a live sex show where various acts are performed on stage, including couples doing the real thing. The greatest part: It's all legal. Not only can you sin, but you can do it paranoia-free.

No.2 Tijuana, Mexico

Cross one of the busiest international border stations in the world and you may think you've crossed into the Wild West. The 21-year-old US drinking age drops to 18, illegal prostitution is now legal and zoned in its own red light district called "La Coahuila", people on the street solicit prescription drugs and illegal drugs for sale, strip clubs encourage a "hands on" policy with its strippers and tequila is dirt cheap. These reasons alone make Tijuana No. 2 on our list of sin cities and a huge party spot for American college kids at the city's various nightclubs on Revolucion Avenue. Take note, however, that Mexican police hold no quarter with gringos. Make sure to keep your head about you while you sin to avoid paying bribes or serving jail time for bad behaviour. Sinning the rest of the time is easy; just say, "Dos cervezas, dos disparos de tequila y dos mujeres por favor".

No.1 Pattaya, Thailand

From "happy ending" massage parlors, brothels, go-go bars and cabarets with transsexuals to ping-pong dancing theatrics, everything is on display at this beachside resort city. Sex is the No. 1 activity (it's called "entertainment" in Thai), and if you can imagine any variation, you'll probably find it on Walking Street, a hub in South Pattaya. While you’re walking, prostitutes will call out to you and some will likely try to pull you into their brothel for services. If you're tired of sex shows, however, you can always sit down to watch guys beat each other to a pulp in a Thai boxing match hosted at the outdoor bars. Since the city is right on the beach, you can sleep off your hangover and sin from the night before and get a tan - just in time for the next evening’s "entertainment".


The pity is there is one place where there is not even a pity party that unfortunately many revelers who frequent the above are going to have to attend. Better to find life and its fruits of joy and happiness, rather than fleeting moments of relief from despair and disquiet.

www.happyriches.com


Thursday, June 6, 2013

10 Tips for Playing Roulette and Winning a Fortune


10 Roulette Tips And How To Make A Fortune By Not Losing or... How To Win At Roulette

Here are a few time tested strategies you can apply and help you to not lose  money...


Roulette Tip 1#

Always play a Roulette that is free and always bet on the outside tables' one.

Roulette Tip 2#

Always bet on outside chances whether Red/Black, Odd/Even, High/Low, Columns or Dozens. The returns are marginal here but they will help you in winning the game.

Roulette Tip 3#

Roulette
Always keep checking the previous rounds or sessions of the Roulette as they will help any player in making predictions for their rounds. For instance, if a series of 10 red figures were to be spun in, the player will prefer betting on the red ones. This Roulette Tip is the most important factor or tip of many Roulette Systems and is usually used by many players who win consistently.

Roulette Tip 4#

This is important. Practice makes a man perfect. Start with a free table to get hold of the game, clear your doubts and then when you are confident enough, start placing your bets on a table where you play to win.

Roulette Tip 5#

Reserve whatever you win. Example: You start with the amount of $50. After a couple of hours of playing you have a total sum of $100 which is equal to the profit of $50. Withdraw the amount or sum you won into your bank account. You cannot lose the game, you can only draw even. This is the most important Roulette strategy for any casino player. Always keep the money you win and play with your original amount put at stake. If you lose your stake within a short span of time, control your temptation to make more deposits in the future. Here comes the most important Roulette Tip for any player…always bet an amount you think you ca afford to lose.

Roulette Tip 6#

Always start with checking your table before playing. You need to concentrate. To consistently win huge sums of money, you must keep in mind that you are not competing with the casino. Focus only on earning profits.

Roulette Tip 7#

Always look for this rule before playing. Play only the European Roulette Table and never the American Roulette Table. The double 00 on the American Table increases the casino's profit margins and your chances of losing too at a faster pace.

Roulette Tip 8#

If you are playing online, you have to be doubly careful .always play with reputed casinos which publish their payout percentages. Always play with a casino with a Random Number Generator.

Roulette Tip 9#

This is only for the traditional casinos. Before starting your turn spin the wheel several times to check for biases if any. It is quite possible that a particular wheel generates more of odd numbers than even or vice versa.

Roulette Tip 10#

Always keep a printed version of these Roulette tips. Keep them while playing the game as they can be of great help to you while playing and winning a huge sum of money. Better still, if you do not want to lose, do not play.


www.happyriches.com

Sunday, June 2, 2013

10 Reasons Why You Should Consider Becoming A Day Trader......But Before You Become A Day Trader It Pays To Practice First.




The following is courtesy of tradingslim.com.


Remember when you were a kid and you would get your favorite video game?  You couldn’t wait to get the game home so you could rip open the package and start playing.  The instruction manual might as well have been part of the plastic wrapper which you discarded in a matter of seconds after opening.  Well take those memories and hold onto them dearly, because you can’t take the same approach with day trading.  Day trading will be one of, if not the hardest thing you will undertake in your life.  So, having to practice should not come as a surprise.  Below I am going to cover the 10 reasons you should practice day trading.


1# Day Trading is Super Fast
Talk about dummying it down first thing in the post, but day trading is really fast.  I have done it all from swing trading, long-term investing, and day trading and by far day trading requires a unique skill set.  If you think about the game of chess, what is one of the ways you can increase the difficulty level of chess?  Place a timer on how long you have to make a move.  This is where the real skill comes out because intuition, experience and repetition all kick in.  Well, the market is no different.  If I have days to analyze a position I can draft up a nice trading plan with notes to myself.  When you are day trading you may only have a few minutes down to a few seconds to make a decision.  So, do you think chess players start out playing with a 1 minute timer, of course not.  So, neither should you just run out into the market with your hard earned money looking to place a few harmless day trades.  Take time to practice day trading in order to build up the skills required to enter the arena.


#2 Practice Day Trading in Unison with the Market
The market is an actual living entity.   While she has a track record of certain price movements each day is unique.  You will have to see how you react to her when the tape is streaming and the stocks are in motion.  It’s one thing to just look at old charts, but you need to get in the habit of feeling the market.  A large part of day trading is intuition.  This is the part of your trading toolkit that you can’t quantify and is unique to you and your trading style.  So, while it’s important to research your charts, you need to practice trading in a true market environment.  This will allow you to learn how stocks react when the broader market makes sharp moves in either direction.

#3 Learn to Manage your Money
One thing I use to say is I can’t practice day trading in a simulator because it’s not real money.  To some degree this is true.  But let me ask you this, as a kid did you have fire drills at your school even though there wasn’t a real fire?  You may have joked with your friends during the drill and even walked a little slower knowing there wasn’t any real danger around the corner.  But if a fire really broke out, did you know where to go?  Did you know what pace you should walk in order to exit the building?  Did your teachers know how long it should take them to get all of the kids outside?  Did the fireman have an expectation of where to be within a certain period of time?

Well, this is what you need to learn for how to manage your money.  You need to get in the habit of calculating profit and loss all in your head.  You need to learn how to effectively day trade with margin.  You need to quickly assess your risk reward ratios and only execute the best opportunities, because you may have five to choose from at once.  Now you can read all of this and say, well it’s still not real money so I won’t take it seriously, and you know what, you reserve the right to make that decision as an adult.  But for me personally I always want to know what to do in the event a fire breaks out.

#4 Discover How to Handle Winning and Losing Trades
Trading is great when you are making money.  In my retirement account I am currently down 5% on ULTA and I don’t like being down more than 2% on any trade, even in my long-term account.  I had placed 7 winning trades in a row prior to this trade and on some level started to slip into the “I’m so great zone”.  The beauty of being in this losing position is that it has quickly humbled me in a matter of days.  The key thing that I know and you will learn to develop over time is that you have to forget your losers and winners the minute you close your position.  Carrying your personal baggage to the next trade will only hurt you as there are new market participants in every stock.  So, practice trading allows you to get into a rhythm.  When I say rhythm, I mean the cycle of putting on trades.  Some you win, some you lose, but you have to learn to approach each trade with a positive mindset and sound trading principles.  This is another one of those skill sets that just comes from sheer repetition.  It takes you placing a horrible trade only to follow-up with 15 straight winners to realize that one bad trade does not require you to start psychoanalyzing your childhood.

#5 You Need Your 10,000 Hours of Practice
I know, I know, fans of the Tradingsim blog hear me preach this practically every post, so I will keep it short.  Studies have shown you need to practice something for 10,000 hours before you become an expert.  Think about in your personal jobs or careers.  If you are an executive, when looking for a job employers require 10 to 15 years of experience.  If you do the simple math an annual full-time equivalent is ~2,00o hours. So, if you really think about it, employers are saying you should have between 20,000 and 30,000 hours of experience before they will let you run a department.  Well guess what folks; same thing applies to day trading.  Practicing off hours will allow you to exponentially ramp up the time it takes to hit that 10,000 hour expert level.

#6 Helps You Realize All Charts don’t Go to the Moon
Early on in my career I would scan the market for specific setups that had huge gains.  I would identify a particular pattern with the same indicators to find that sweet spot.  Once I had my configuration set up, historically these winning charts appeared to be everywhere.  Problem was when I tried to do this in real-time things didn’t work out as planned.  Active trading nowadays is done with computers and the level of games going on in terms of false breakouts is insane.  What practicing to day trade taught me is that it is more important to book profits from the singles versus always swinging for the fences.  These fly me to the moon setups will only play out 10% to 20% of the time, so stop expecting it to happen every time you put on a trade. Focus on getting in a rhythm of just making money and when the big boy trade comes you’ll know it.

#7 Learn Your Own Day Trading Style
I personally believe as adults we are responsible for our own decisions in life.  Don’t blame your parents or some event that happened to you in third grade about why you do certain things in your life.  I’m not trying to discount the impact of life experiences but what I am saying is we have a choice of how long we let them have an influence on how we live our lives.  Well for day trading, I think for most it’s easier to not “own” your trading strategy and to leave that up to the “expert”.  Most people will come in and struggle putting together a system – analysis paralysis at its best.  So, you go into Google, do a couple of searches and voila there is your friendly “day trading expert” willing to sell you the magical keys to promise land.  I’m not judging you; I have spent thousands over the years on other peoples’ courses hoping to find myself.  What I came to realize is that these courses are other peoples’ rules. Trading requires you to figure out what works for you.  Guess what folks, it is work.  It’s going to literally take you thousands of hours tweaking and re-tweaking to figure out what matches your trading DNA.  The reason I elected to go my own way, was when these systems started to fail, who did I start to blame?  You guessed right, the man behind the curtain that sold me this wonderful course.  I was literally transferring responsibility of my trading career and the welfare of my family to another person.   Stop this vicious cycle today. When these courses are making you money, everything is great, but because you don’t really understand all the rules, when things go south you will lose your confidence.  Please do me a favor and skip all of this pain.  I’m not saying you can’t glean key principles from other day traders, but you need to define your methodology for yourself.  Only you can do that, so when things go wrong, you don’t blame Mommy or Daddy, you just look in the mirror.

#8 You Need More Reps
If you have ever tried out for a sports team the practices are only for a set period of time each day.  Therefore you only have a limited window to show your coach you have what it takes to make the team.  Since I only trade breakouts in the morning, I have a maximum of 2 to 4 trades I can place on any given day.  It would take me a little over 2 months to have 100 trades to analyze.  One of my challenges early on was trying to figure out how well I was doing relative to myself on a daily basis.  By practicing day trading I could go through 30 trades in one day.  This allowed me to quickly create a trade history that would have taken too long if I tried to do it only during market hours.  It had a significant impact on my ability to quickly modify my trading strategy based on my own performance and ultimately led to me making more money.

#9 Prove to Yourself You can be a Day Trader
Researching the market is nothing more than Monday quarterbacking.  You start to tell yourself, I would have been in that trade and I would have made this amount of money.  But it’s you looking back at old charts at things that have already played out; however, there is enormous value proving to yourself in a market simulation environment with real tick data that you have what it takes to make money.  At the end of the day you have to believe that regardless of your background, education, or age, you can do this.   If you practice day trading long enough you will reach that point where you will be able to say to yourself I am a professional day trader. Far too many of us enter the arena with enough hope to fill up the world, only to be annihilated by more skilled hands.  Work on just showing yourself you can actually day trade, and then notice how that will boost your confidence when it’s time to fight with the big boys.

#10 See How Much You can Expect to Make Day Trading
I just wrote an article on day trading salary and how much someone can expect to make in the market.  While I did a great job of explaining how you can go about estimating your annual income, the only way you will find out for sure is to trade.  What better way to see for yourself than going to a simulator and starting your account balance with the cash you have on hand.  Depending on your system and how much free time you have, take a few weeks or months to trade an entire calendar year.  At the end of the year after you factor in commissions and living expenses, how much money do you have left over?  By practicing to trade you can start to answer some of these nebulous aspects of day trading.

www.happyriches.com