FAQ

1. How long are you in the markets?
Approximately the first 60 minutes of the trading day.

2. How much money do you need to trade Fast Money style?
To day trade in U.S. markets you must have a minimum of $25,000 equity in your account. If less than that, your broker will not let you trade but every 3 days.

3. What do I need to Fast Money Trade?

A brokerage account. One that features very low commissions with low or no fees. (Read the fine print)

4. What Brokerage account do you use?

We believe you can use almost any account that lets you set your system up to modify order entry and lets you preset orders. We use(IB) Interactive Brokers. We recommend opening an (IB) Interactive Brokers account due to its speed of execution, low commission, structure and tools. IB allows you to modify orders rapidly and lets you preset and execute trade orders from one screen with the click of one button.

5. What kind of charts do you use?
There are a variety of good charting systems to use.  I use the free ones provided buy (IB) Interactive Brokers.

6. Can I trade my retirement account, example: IRA, SEP-IRA, 401k, 403b, using Fast Money trading style?

Yes, but only limited.  You cannot short a stock in any retirement accounts.

7. Do you or have you ever been affiliated with IB?

NO, only as a customer the same as you.

8. Do I need to know how to read charts?
NO.  I’ll tell you where I’m buying/selling, putting my stops and closing out daily.  You will hear me live.  It is up to you, not us, to execute your trade.

9. How do you know what or when to buy/sell?

From confidence in experienced successful trading, years of watching trade patterns. I will tell you what I am doing as I do it daily.  You should be able to follow my trades and react to them.

10. Should I start trading immediately upon signing up?

That is a good question. We  recommend a 14 day free trial and observing at least two weeks before trading. Then trade when you feel comfortable.

11. Can I follow you and do exactly what your doing? I have developed two ways to follow and closely match my trades.

1. I will alert you to what I am going to do before I do it. I will say, “I am buying/selling XYZ.” Then tell you where I am putting my stops and when I am going to cover the trade. I will call out the time and prices every few minutes to do two things. 1st To help you to time your trades and match your computer time to ours. 2nd To let you know where the stocks we are following are and prepare you for possibly another trade.

2. Prior to the markets opening each day, I will give you what I think are the high points and low points for each position. These are the points where I initially attempt to buy/sell. I might be calling out what I am doing and miss a trade on one of the other stocks, I can only move so fast. If your watching these points you should be able to execute profitable trades. The high/low points are good for the first 60 minutes of trading, if I were to trade longer, more points would be developed throughout the day.

We are limiting access to 25 members

“We make enough money the first 60 minutes of trading to take off and do whatever we’d like for the rest of the day”

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