Remote Day Trading - How do I Make Money?

Day trading online can be a profitable career choice - if you know what you are doing and if you are able to trade with discipline and consistency. The TUI Proprietary Trading Firm website contains a lot of great information to help you become profitable when day trading remotely.

That being said, 80% to 90% of day traders fail. Why? Because they are not disciplined, and let their emotions run amuck while trading.

Proprietary Trading Firms - Dirty Secrets Exposed!

If you have any experience intraday trading with a prop shop or prop firm, you know there are upstanding reputable firms as well as some firms from which you should run screaming and yelling. Here are some things we have heard from our TUI Prop Traders about what the other proprietary firms don't want you to know . . .

The Up Front Buy In Fees

Believe it or not, there are many proprietary trading firms who will charge a substantial "buy-in" fee just for you to start day trading with them. They may also require additional capital risk deposit. Usually the buy-in fee benefits the prop firm, not the trader, as it goes directly towards the firm's profits.

Day Trading Software Video Tutorial - Part 4

Accessing your Account Information

Accessing your account information using a level II day trading software is easy. You can see at a glance what positions you are in, you realized and unrealized gains, how much of your order is fulfilled and all in real time. The video below walks you through the steps. Follow this link for the full day trading software video tutorial.

OMG! What a Day for Traders!

Today Aug 8, 2011 was quite a day in the market as we all watched it fall, fall, and then fall some more. You may think day traders would make a boatload of $$ if you just shorted the intraday market. Though this may have worked for the position traders out there, scalpers and day traders know that intraday and position trading are about as related as bunnies and horses.

The market itself was crazy volatile. Though the daily trend was strongly bearish, the jumps and ticks, aka market volatility, made it a very risky trading day. Traders had to exercise extreme caution when entering and exiting the markets.

Remote Day Trading - A Business or Career?

At TUI Prop Trading we talk to several people who want to start remote day trading. One of the most common questions they have is whether online day trading is a job or if they will be salaried.

One of the benefits of owning your own business is that there is no cap on the amount of income you can make. If you manage it properly, earning potential can be unlimited. Online day trading is like a small business. When someone is starting a small business, they take into account their start up capital for things like leases, inventory, salary, working capital and other expenses. They understand there is a potential to lose this money as there are no guarantees their business will succeed.

Stock Trading Software Video Tutorial - Part 3

So you have your stock trading software demo, or you have joined a proprietary trading firm and have your level II direct access platform license and you are ready to start day trading! Now how in the world do you go about finding stocks to trade? Part of what makes a stock attractive to day traders is the stock's price is moving and the market is interested in the stock i.e. it is trading volume.

Finding and Navigating Stocks to Trade

Day Trading Software Video Tutorial - Part 2

Now that you have your day trading software demo, or you have joined a proprietary trading firm, it's time to learn about the powerful multiple time frame charts and indicators you can add to help you make those tough day trading decisions.

The day trading software manual will also provide excruciating detail on how to use the DAS day trading software.

Adding Charts and Indicators

Stock Trading Software Video Tutorial - Part 1

Now that you have your stock trading software demo, or you have joined a proprietary trading firm and purchased your level II direct access platform, you may be more than a bit intimidated by all the day trading software features. Setting up, configuring and customizing the screens may seem a daunting challenge, especially given that the day trading software manual is about 40 pages long. Not to worry, TUI Prop Trading has a series of videos to help you figure out the fundamentals of the stock trading software package. Feel free to use this video series in conjunction with your trading manual.

Configuring Level II Montage and Time and Sales Windows

Online Day Trading & Poker - Is There Common Ground?

Do online day traders and poker players have anything in common? Yes! There are certainly areas in which online day trading and poker playing are similar. If you are a good poker player, you will probably be a good intraday trader.

To be good at online day trading, a trader must be able to read the markets, and use past price action and other indicators to predict future market movements and determine the positions they want to take. Similarly a poker player uses the cards and knowledge of other players to determine their action. Neither of these abilities is easy, it requires skill, knowledge and experience.