FAQ’s
What makes Friday Trader’s strategy better than other trading strategies?
This strategy lowers stress because you’re calculating your risk in advance and accepting the worse possible outcome pre-trade.
Risk management is the name of the trading game. Cutting losses early is a main staple of the educational content.
We teach holding positions days, weeks, months and years until certain profit levels are reached. This is learnable in a short period of time, in most cases less than 30 days.
We put a HUGE emphasis on investing time to understanding key trade concepts with a pre-defined plan / risk strategy BEFORE placing any trades.
We believe trading confidence can come from tracking 4 trade metrics:
- Return On Investment
- Win Percentage
- Reward to Risk Ratio
- Hold Time
We consider 3 factors when we test new strategies:
- Position Sizing
- Position Management
- Position Selection Strategy
This is as simple as it gets in terms of trade strategy.
You don’t need to be tech savvy, we have built out formulas and templates that are very user-friendly. Book a call to get free access links.
What indicators do you use?
We’re mainly focused on price action, volume, news and statistics.
You don’t need to know what Level 2 or a VWAP is, this is not day trading.
Do I need any financial background to trade?
No, but you should educate yourself on market risks.
- One in three traders loses 90% or more in their career
- More than 98 out of 100 day traders lose money
- Only 6% of people continue trading for over 10 years
You should not trade until you’re confident you understand the risks and have a solid approach.
Is trading stressful?
It can be very stressful without the right knowledge, tools and systems in place. According to Business Insider, Stock Trader is the second most stressful job on Wall St. only behind Investment Banking.
Can you successfully swing trade for millions in profits?
Yes, but don’t expect it for years (unless you’re really hungry for it!).
It’s important to understand – especially if you’re just starting out – you need the knowledge and high level concepts first. Once you have the understanding, then you can proceed to build out your plan and systems. Teaming up with smart people who are actively doing it very well is the fastest way to accelerate things.
Day trading can be an extremely lucrative skill, however, most people don’t have time to do it because they are employed full-time.
Just placing one trade week can be intimidating to beginners trying to understand how people actually do this successfully. We believe there is an easier and less-stressful way than day trading to get the same desired end result. It’s called SWING trading!
The traditional ‘buy and hold’ strategy is hit or miss in the short term. Individual stock prices almost always go lower the first year you’re in them because most stocks lose value year over year.
What is SWING trading?
Swing trading is when you buy and hold positions for days, weeks or months until a certain criteria is met based on the exit strategy laid out in your trade plan.
How long does it take to learn to trade?
Everyone is different, however there are certain things (like courses) that can greatly increase knowledge in a particular area.
Friday Traders believe anyone can grasp these concepts in 30 days. Then, it comes down to actually investing time to set up the systems and automate as much as possible.
How much money do I need to start?
We’ve had traders start with as little as $100, with the idea of adding small amounts consistently when they get paid in the future.
It may take 15 years or more to get to get to a comfortable retirement amount depending on your yearly returns, so it’s critical to start early.
Can you trade my account for me?
No. We are not licensed Financial Advisors and therefore legally cannot.
Can I swing trade with a full-time job?
Most likely yes. Most of our customers are employed full-time. Our alert service sends alerts out Friday right before the market close (3:30 EST). It’s just one trade a week, so roughly 104 texts throughout the year if you include the sell alerts.
Can I expect the same or similar results by following the alert strategy?
There are many variables to trading and execution errors are likely for beginners. That being said, if you are an experienced trader, you should be able to take these concepts and greatly improve your confidence and overall returns in the long term. A long-term mindset is key.
If you’re a beginner, don’t expect to just pick up any alert strategy and execute flawlessly without first grasping the concepts and ideas.
It’s best to surround yourself with a group or team of people currently doing this very well and ask a lot of questions where you need your knowledge gaps filled in.
If you really want to accelerate your understanding, book a call and we guarantee a major breakthrough in the first call.