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Day Trading
Questions & FAQs
New to day trading? Or simply want to learn more about the Humbled Trader Community? Here’s the lowdown on the top day trading things to know – and why you should join our Community!
Is the Humbled Trader Community right for me?
The Humbled Trader Community is right for anyone who wants to become a better day trader. Our members span the globe and come from varying levels of trading experience.
New traders will enjoy the step-by-step education provided by Humbled Trader Academy. Experienced traders may choose to mostly focus on spending time in the Trading Chatroom.
As long as you have a desire to learn and grow as a trader, our Community welcomes you and looks forward to supporting you on your journey.
What is included in my Humbled Trader Community membership?
This is one of the top day trading frequently asked questions we get! As a Humbled Trader Community member, you can enjoy the following features:
- Humbled Trader Academy
- Humbled Trader Options course
- Humbled Trader Community Discord access
- 1-on-1 Coaching Sessions
- Midday Livestream Mentorship Sessions
- New Trader Channel
- New Member 1-on-1 Session
- Live Mentorship webinars
- Advanced strategy webinars
- Video library
- Resource Library
What will I learn in Humbled Trader Academy?
Humbled Trader Academy is a comprehensive program with step-by-step instructional videos, trade planning tools, and progress quizzes to ensure you learn the necessary concepts to become a successful day trader.
Humbled Trader Academy Course Outline
Unit 1: What to Expect from Humbled Trader Academy
Unit 2: Who is Humbled Trader?
Unit 3: HT Roadmap for Beginner Traders
Unit 4: Stock Market Lingo for Beginners
Unit 5: Brokers & Platform Set Up
Unit 6: Introduction to Candlestick Charts
Unit 7: Technical Analysis
Unit 8: Risk Management
Unit 9: Trade Journal & Tracking
Unit 10: Trade Planning: Small Caps
Unit 11: Trade Planning: Large Cap Stocks
Unit 12: Long Set Up #1
Unit 13: Long Set Up #2
Unit 14: Long Set Up #3
Unit 15: Short Set Up #1
Unit 16: Short Set Up #2
Unit 17: Trader Psychology & Longevity in the Market
Do I need certain tools or software to start learning?
Yes. Typically, you should have a broker in place before you join the Community. However, don’t panic if you’re unsure where to start. How to pick a broker is actually part of our course content!
It’s also helpful if you have a trading research tool. Check out the selection of tools we recommend here.
Do you need all these tools? No! But the more resources you have at your disposal, the easier it is to reach your trading potential. After all, knowledge is power!
Not sure how to use any of the tools we recommend? Reach out to us and we’ll do what we can to help. That’s a perk of being a Humbled Trader. We’re always here to help each other.
If I join the Community and decide I don’t like it, can I get a refund?
You are eligible for a full refund if:
1. You only accessed Units 1 & 2 of the Humbled Trader Academy AND
2. You request a refund in writing via email within ten days from the date of purchase.
No refunds will be granted to members who access ANY Academy course material in Unit 3. If you meet all the requirements above please email us at support@humbledtrader.com and we will issue you a full refund.
Read our full Terms & Conditions.
How long does the Academy take to complete?
The Academy is broken down into step-by-step units and organized in chronological order.
On average, it has taken students 4-6 weeks to complete this course. You can complete the program at your own pace.
All students will have access to Humbled Trader Academy for the entire course of their annual membership.
Will I be able to connect with Shay?
As a Humbled Trader Community member, you will have access to not just Shay, but also the entire Humbled Trader Team of professional trading coaches. All communication takes place in the Trading Chatroom.
Does Humbled Trader send our trading alerts? Can you trade for me?
No, here at Humbled Trader we are absolutely against copy trading and alert signals. If you are looking for alerts or copy trading, Humbled Trader Community is NOT the place for you.
What is the “PDT” rule, and does it affect me in Canada?
Good question! The US Pattern Day Trader (PDT) rule is, essentially, a protective tool.
The goal is to prevent day traders from going overboard and executing multiple trades they (perhaps) can’t afford. It works by limiting the number of day trades you can make unless you have a certain account balance (usually $25,000).
The PDT rule is a little controversial. Some day traders agree with it, others think it’s too limiting. And other traders are just confused as to whether the rule applies to them!
Here’s the lowdown. If you’re in Canada, the PDT rule does not apply unless you use a US-based broker.
Canada has its own risk-managing rules for responsible trading, though. But don’t worry. We’ll cover more pattern day trading FAQs in the Community. After all, we make it our mission to cover everything to know about trading!
Does the PDT rule affect me elsewhere in the world outside of the US?
The rules are similar to how the rule affects Canadians. It won’t impact you unless you use US-based brokers or platforms. Again, we’ll cover day trading facts, laws, and FAQs in the Community.
I’m located outside of the US. Do the Humbled Trader Community lessons apply to me?
Yes! If you’re trading US stocks, then the Community lessons are invaluable. Full disclosure, though – they don’t apply to foreign stocks. So, if you’re trading in other markets, you will need to supplement your learning.
Do you offer Closed captioning for the hearing impaired?
We offer closed captioning for Humbled Trader Academy. The Video Library does not include closed captioning at this time.
How much money should I have in my account to start?
There’s no hard and fast rule here. But you don’t need a lot of money to start trading. Think about having, say, $4,000+ on hand to trade with.
And remember, it must be money you can afford to lose. There are no guarantees with trading!
Should you start with real funds? Well, you can, but we’d advise against it. Start with simulated funding from a demo account, first.
Get a feel for what it’s like to day trade and move capital. Test the waters, so to speak, without risking your own money first!
Will get rich quick if I join the Community?
Day trading is not a get-rich-quick scheme. If you are looking to make millions tomorrow, Humbled Trader Community is definitely NOT the place for you.
I only have $1,000 left in my bank account. Should I join the Community?
If you are struggling financially, we cannot in good conscience encourage beginners to day trade. We highly recommend you save up and make sure you are stable financially before you learn to day trade. This will help relieve any added financial stress when day trading.
Are day trading gains taxable?
Full disclosure – we’re not financial advisors or tax experts. We can’t give tax advice here!
But proceed on the basis that day trading profits can be taxed according to your country’s rules. Day trading profits should be disclosed. Don’t attempt to hide or conceal profits – that’s a one-way road to bad news!
Where can I learn more about the traders I’ll meet in the Humbled Trader Community?
Great question! You can learn more about our inspiring and successful traders by reading our success stories. Hopefully, the Community members themselves will inspire you to sign up.
I’m completely new to day trading. How do I know if the Community is right for me?
This is one of these questions we can’t definitively answer. The only way to know if day trading – or the Community – is for you, is to dive right in. But if you’re a little wary about committing, here’s some food for thought.
- Try a simulated demo account first to see if the day trading “life” works for you.
- Check out our range of free lessons. Does the content resonate with you? If so, then day trading could be a good move.
- Day trading is exhilarating. It’s thrilling. But it can have its ups and downs. Be prepared for no two days to ever look the same. And never stop learning.
Remember, you can always reach out to support@humbledtrader.com for more info if you’re still on the fence about moving forward.
Is day trading profitable?
It can be! But as with any type of trading, it does involve risk. You could always lose money, especially if you let emotions rule the day or if you don’t stick to your strategy.
Learning how to manage risk is part of joining the Humbled Trader Community. Learn from those with more experience and, hopefully, avoid making the same mistakes!
I’m not sure I’m ready to join yet! How can I learn more about the Humbled Trader Community?
You can read more about our coaches over on this page. Or you could read more about Shay and check out her no-BS approach to trading in these free lessons!
I’m not happy with my progress in the Academy or the Humbled Trader Community. Where can I reach out for support?
Sorry that you’re having issues! But we’re here to help. Simply contact Shay or the team, and we’ll discuss what’s going on.
You’re part of our family, Humbled Trader! We’ll do what we can to put things right.
Feeling a little lost or confused by the course content? Again, reach out to the coaches or the Community. We’ll help bring you back on track.
What will I learn in the Humbled Trader Options Course?
Part 1
In Part 1 of the HT Options course, traders will get their foundation of the derivatives market, touching on every aspect a new or veteran options trader needs to understand. Starting with the basics, traders will be able to know what and why they are buying an options contract, understanding the risks and their purpose in the financial markets.
Chapter 1: Introduction to Options: stocks vs. options
We kick off our Options series by uncovering the thrilling differences between these two investment types! It kicks off with ownership rights, showing how stockholders enjoy real ownership and benefits, while options don’t offer that. Next, we highlight voting rights—stockholders can influence corporate decisions, but options holders can’t. Finally, we explore leveraged vehicles, where options let investors control larger positions with less cash, amplifying potential returns and ramping up risk.
Chapter 2: Why do Investors Use Options
Imagine navigating a financial landscape where opportunities and protection coexist! In Chapter 2, “Why Do Investors Use Options,” we explore the compelling reasons behind options trading. First, we examine how investors capitalize on volatility and leverage for greater gains. Next, we discuss generating extra income from stock portfolios, showcasing the flexibility options provide. Finally, we highlight how options serve as a powerful hedging tool to protect assets.
Chapter 3: Basic Properties (Elementary definitions & Describing options)
In Chapter 3, “Basic Properties,” we break down essential concepts in options trading! We start with options premium, explaining its significance in the market. Next, we define the underlying security and its role in options. We then discuss expiration dates, highlighting their importance in trading strategies. Finally, we explore the difference between trading at a discount versus a premium. To wrap up, we have an “Options Lingo Recap” to reinforce key terms and concepts!
Chapter 4: Long call & put explained
Picture yourself navigating the world of options trading with confidence! In Chapter 4, “Long Call & Put Explained,” we dive into the fundamentals of options. We cover the processes of “Buy to Open” and “Sell to Close,” as well as “Sell to Open” and “Buy to Close,” providing clarity on how these orders operate in the market.
Chapter 5: Short call & put explained
You’ve mastered the longs, now it’s time to tackle the shorts! In Chapter 5, “Short Call & Put Explained,” we dive into the exciting world of short options. We break down the moves—”Sell to Open” and “Buy to Close,” plus “Buy to Open” and “Sell to Close,” making it easy to understand how these orders work. And don’t miss our live demo, where we’ll put these strategies into action!
Chapter 6: Understanding the Greeks
Get ready to decode the secrets of options pricing! In Chapter 6, “Understanding the Greeks,” we explore three key metrics that every trader should know: Delta, Theta, and Gamma. These powerful tools help you assess risk and potential reward, giving you a clearer picture of how options can impact your trading strategies. Let’s dive in and master these essential concepts!
Chapter 7: Brokers and Resources for Options Traders
Ready to equip yourself with the best tools for options trading? In Chapter 7, “Brokers and Resources for Options Traders,” we explore the top industry brokers that can elevate your trading experience. We’ll guide you through setting up a paper trade account, focusing on platforms like Think or Swim. You’ll get a general breakdown of accounts and execution processes to help you navigate the trading world confidently. Plus, don’t miss our live demo to see the platform in action!
Chapter 8: Setting Expectations
Get ready to set yourself up for success! In Chapter 8, “Setting Expectations,” we focus on the essential factors that shape your trading journey. We’ll discuss the balance of time and money, how leveraged vehicles allow for lower capital expenditure, and the need for more screen time due to increased volatility. Plus, we’ll compare long vs. short-dated options to help you make informed decisions. Let’s dive in!
Chapter 9: Identify the components of Options Contracts on a Trading Platform
Let’s dive into the nitty-gritty of options contracts! In Chapter 9, “Identify the Components of Options Contracts on a Trading Platform,” we’ll teach you how to read an options chain, breaking down the call side versus the put side. Plus, don’t miss our live demo, where we’ll analyze the chain for both calls and puts, giving you hands-on experience with real trading data!
Chapter 10: Identify the Components of Options Contracts on a Trading Platform Pt. 2
Let’s deepen your understanding of an options chain! In Chapter 10, “Identify the Components of Options Contracts on a Trading Platform Part 2,” we’ll guide you on where to find strike prices, how to locate expiration dates, and how to identify high-volume contracts. Plus, don’t miss our live demo, where we’ll analyze the chain for strike, expiration, and volume, giving you practical insights to enhance your trading skills!
Chapter 11: Options Price Components
In Chapter 11, “Options Price Components,” we’ll explore the differences between intrinsic and extrinsic value, helping you understand what drives an option’s price. We’ll also dive into implied volatility, discussing how it reflects the expected change over the next 36 days. Let’s unlock the secrets behind options pricing!
Chapter 12: Options Price Components Part 2
Time to supercharge your options expertise! In Chapter 12, “Options Price Components Part 2,” we’ll dive into the advanced concepts of at-the-money (ATM), in-the-money (ITM), and out-of-the-money (OTM) options. Plus, we’ll explore the Black-Scholes model, a key tool for pricing options. Let’s uncover the fascinating mechanics behind options pricing!
Chapter 13: Option Exercise and Assignments
Get ready to demystify option exercises and assignments! In Chapter 13, “Option Exercise and Assignments,” we’ll explain what it means to exercise an option and discuss the best scenarios for doing so. We’ll also cover what an options assignment is and when it’s appropriate to navigate this process. Let’s dive into these crucial concepts to enhance your trading strategy!
Chapter 14: Option Exercise and Assignments Part 2
Let’s dive deeper into the world of options! In Chapter 14, “Option Exercise and Assignments Part 2,” we’ll discuss the implications of holding options through expirations and the considerations for letting an options contract expire. Understanding these key decisions will help you navigate your trading strategies with confidence!
Chapter 15: Option Order Types
Its time to master your option order tactics! In Chapter 15, “Option Order Types,” we’ll break down essential concepts like spreads, market vs. limit orders, and hard stops. Understanding these order types is crucial for executing your strategies effectively. Plus, don’t miss our live demo, where we’ll review all types of option orders on the platform in action!
Chapter 16: Option Order Types Part 2
In our final lesson of Part 1 of the Options Course, Chapter 16, “Option Order Types Part 2,” we’ll finalize how to create effective stop-loss orders and secure the best risk-to-reward entries. These skills are essential for managing your trades wisely. Plus, don’t miss our live demo, where I’ll illustrate how to set effective stops on a brokerage platform and use the right orders to minimize slippage!
Part 2
Part two of this options curriculum is where traders will begin to understand what Options are fully, and their importance in the financial markets. Traders can take their current strategies and begin implementing them using options on their own.
Chapter 17: Transitioning Your Stock Strategy to Options
It’s time to select your trading path! In Chapter 17, “Transitioning Your Stock Strategy to Options,” we’ll explore how to identify your edge when moving from stocks to options. Whether you prefer swing trading or day trading, we’ll help you adapt your strategies effectively for the options market. Let’s dive into this exciting transition!
Chapter 18: Determining Opportunity Cost between Stock or Options
Let’s unlock the secrets of opportunity cost! In Chapter 18, “Determining Opportunity Cost between Stock or Options,” we’ll discuss when to use options versus sticking with stocks and when it might not be beneficial. We’ll also cover how to transition your sizing effectively to optimize your trading strategy. Get ready to make informed decisions in the market!
Chapter 19: Determining Correct Strike & Expiration Dates
Struggling to determine a strike & expiration date? In Chapter 19, “Determining Correct Strike & Expiration Dates,” we’ll guide you through the process of selecting the right strike prices and expiration dates based on your trading style. Whether you’re a swing trader or a day trader, understanding these key elements will enhance your options strategy. Let’s dive in!
Chapter 20: What Options Traders Look for When Buying an Option
Ready to uncover what makes a great options trade? In Chapter 20, “What Options Traders Look for When Buying an Option,” we’ll explore the key factors traders consider, including volume, delta, and catalysts for volatility. Plus, don’t miss our live demo, where we’ll analyze the options chain for execution, reviewing strike prices, expiration, and volume requirements for each trading idea. Let’s get started!
Chapter 21: Creating and Executing an Options SWING Trade LIVE (15-30 Min)
Get ready for an action-packed trading session! In Lesson 21, “Creating and Executing an Options SWING Trade LIVE,” we’ll walk you through the entire process—from idea generation to selecting the right strike and expiration. We’ll cover how to place the trade, explain the associated risks, and discuss exiting the trade effectively. Plus, don’t miss our live demo on the platform, where we’ll select strike and expiration, execute the trade, assess risk, and take profits for the swing trade!
Chapter 22: Creating and Executing an Options DAY Trade LIVE
Let’s wrap up with an exciting final session! In Chapter 22, we’ll create and execute a DAYTRADE LIVE, guiding you through the process of idea generation, selecting the right strike and expiration, and placing the trade. We’ll also explain the risks involved and how to exit the trade effectively. Don’t miss our live demo on the platform, where we’ll select strike and expiration, execute the trade, assess risk, and take profits for the day trade. Let’s make this last lesson a great one!
