How To Day Trade For a Living – Funded Elite Traders Guide

With the speed that financial markets are moving in today, traders from all over the world want the freedom to make a living out of day trading. The concept of working from anywhere in the world by trading is attractive, but the reality of executing a winning strategy is dependent on skill, discipline and the appropriate set-up. At Funded Elite, it is our job to fund the mercenaries to ensure they can fight successfully in our markets.

 

Day Trading Explained

This is the process of buying and selling financial instruments in a single day of trading. Daily traders make a quick profit from short-term price movements, which differ from swing trading (or investing) where positions are held over days or weeks. To Learn Day Trading For a Living You Have To Craft a Method That Has Risk Management, Tech Analysis and Emotional Discipline.

 

The Key of How To Day Trade for a Living

• Before you go into the markets, you have to admit and realize the basics of each market; how price works, mechanical-based trading psychology. Order types, order structures and trading platforms so that your experience is seamless.
• Select an Appropriate Market– Traders can day trade in all markets such as equity (stock), forex, futures, where we focus on facilitating futures funding for the growth and success of traders in one of the most liquid markets out there.
• Write a Trading Plan- A day trading system needs to be established so that if you are successful you have it all laid out as a day trader in a million dollars. Formulate your entry, exit strategies, risk management rules and daily schedule; The less structured your method is, the worse one-off chances you have.
• Be cautious of your risk level – Traders often fail due to poor risk management, the number one reason. If you are in the game, never take more risk than a small percentage of your account in a trade.
• Harness Technology – Take trading software, indicators and automation to make better decisions. Other popular platforms are NinjaTrader and TradingView charts which provide advanced charting analysis to help the trader to figure out profitable setups.
• Demo from a Real Money Account – Rather than risking any personal cash, the majority of traders go for a prop firm such as Funded Elite and sign up to a funded account. Because that gives you real money to trade with and keeping a cap of the profit is a great way to learn about day trading for a living.

Traders’ Psychology

In the long-term, Discipline and Emotional Control is everything. Not that many traders fail with the right strategy or not, it is usually just misguided decisions derived from emotion. Being in the right frame of mind and going by your plan is what will make you unique and furthermore having a clear mindset and the ability to stick to your plan will set you apart.

 

Join Funded Elite Today

Funded Elite offers one of the highest profit splits in the industry, a Second Chance Program, and flexible payment structures, making it an attractive choice for traders who want more capital and a transparent path to success. Traders can stay up to date with market developments by subscribing to our newsletters on either Facebook, X or Instagram.

What are you waiting for? Empower Your Trading Journey, Maximize and Realize Your Full Potential! Become a Funded Trader Today!