Determining the right time to trade and the right market to trade may appear to be challenging at first, as can many aspects of trading!
However, rest assured that many traders from around the world have had the same concern and have been able to find a trading strategy that both suits them and fits into their schedules.
What Strategy Fits Best?
It is not uncommon for traders to fail and lose money because they are trading a strategy that is not a good fit for them. At Warrior Trading, we have invested a lot of time and effort into providing our community with a variety of trading strategies to explore. Currently, we actively teach proven strategies in small-cap stocks.
We recommend starting off with the Warrior Starter classes (the first 15 chapters of our Warrior Pro program). These classes teach important concepts that all traders need to know in order to set a solid foundation for proper trading education.
After mastering these lessons, we then recommend grasping the trading concepts taught within our Small Cap trading courses. The best opportunities for practicing these trading strategies tend to occur between 9:30 AM and 10:30 AM EST.
Better yet, all of Warrior Trading’s courses and mentor sessions can be reviewed at any time of day or night from an active Warrior Pro membership.
While learning and exploring these strategies through our classes, our community is encouraged to also join us in our live trading chat rooms and Warrior Pro mentor sessions, which are led by the profitable traders who teach and trade these strategies every day. You can check out our Syllabus with all our current courses here.
When to Trade with a Live Account
As with any new skill, we encourage our students to first practice in a safe environment. In the trading world, simulated platforms such as our proprietary trading simulator can help traders practice new strategies and perfect them before trading with a live account.
Once you’ve taken the necessary steps to educate yourself, we recommend checking in: have you established a trading plan, trading journal, and consistent profitability in a trading simulator for at least one month?
If so, it may be the right time to consider a live account.
When starting off with a live account, it’s recommended to trade with very small position sizes. Maintaining your risk profile should be your first priority, as your trading account is a tool you will need for your trading success.
Final Thoughts
In the end, make sure that you pursue and develop a strategy that will fit your personality, risk tolerance, and schedule. Do not try to trade all markets at once. It is best to master one market first.