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Frequently Asked Questions (FAQ) on Madazmoney Coupons
What is Madazmoney?
Primary Focus: Long and Short-Bias, Contrarian / Countertrending, Mean-Reversion, Momentum Trader on Small and Large Cap Stocks Using Tape Reading and Technical Analysis
What are the Official Madaz Recommended Brokers/Trading Tools?
"For best results, we highly recommend you use Madaz’s recommended brokers or trading tools so you can properly implement the strategies we use in the community the fullest extent on a day to day basis.
Preferred Broker: Centerpoint Securities ($30K Minimum) / Centerpoint Lite ($10K Minimum)
Broker: Cobra Trading
Stock Scanner: Trade-Ideas (Use Promo Code: MADAZ15 for 15% OFF)
News Feed: Benzinga Pro (Use Promo Code: MADAZ25 for 25% OFF)
Platform: DASTrader Pro (14 day FREE Trial Available)
Customized Indicators/Trading Tools: ScriptsToTrade (Use Promo Code: MADAZ10 for 10% OFF)
Data Tracking/Journaling Tools: Chartlog (FREE) (Use Promo Code: MADAZ2021 for an exclusive discount off the Full Version)
Fundamental Analysis/Research Tools: Instant SEC (10% OFF automatically applied when you click on the Link)"
Who is the founder of Madazmoney?
"Max, affectionately known in the exchanging local area by his moniker, Madaz, is a resigned primary designer turned-full time broker based out of Los Angeles, California. He has consistently had a skill for tracking down complicated ways of bringing in quick cash and causing them to appear to be fairly straightforward. Never feeling completely tested in school, notwithstanding keeping up with passing marks, he sought after side endeavors that would finance the exercises that would make his life somewhat less unremarkable. From selling different things on eBay to scalping passes to including cards in blackjack, he immediately understood that these exercises were not reasonable over the long haul as they didn't create a significant measure of cash, to make a school kid look like a hotshot contrasted with your ordinary broke undergrad.
Upon graduation from UC Irvine with his Bachelor's Degree in Civil/Structural Engineering, assumptions were high as he was eager to enter the labor force like every other person and begin his vocation as a designer. Still, an easily overlooked detail called the downturn occurred, implying bosses were not recruiting.
With no work prospects and covered in educational loan obligation, he had to take up the lowest pay permitted by law to work at a nearby PC gadgets store for a considerable length of time, something he calls the most lowering experience of his life, regardless of holding a science certification.
He, at last, had the option to get a legitimate office line of work after the half year; however, with the downturn still in full power, it was well beneath the normal designing compensation. Perceiving how you get what you get and don't throw a fit, he needed to take it to secure his opportunity. He simultaneously went to graduate school at CSU Long Beach to seek his Master's Degree in Engineering too to cushion his resume with expectations of looking more alluring to forthcoming businesses.
In his new work environment, he met a collaborator who, in some way or another, regardless of not having significant pay from his work, drove a Lotus Elise. Charmed, he asked this colleague through what means was he ready to manage the cost of such a sumptuous thing. His reaction? Exchanging stocks, a thought was conceived."
What is the Madaz Money Vision?
We made this exchanging local area to establish a positive and tomfoolery learning climate for ALL determined to help any individual who needs to improve as an and possibly reliably productive dealer. We endeavor to help each other in not just figuring out the various specialized ways to deal with the market yet to likewise help intellectually condition everybody to appropriately comprehend the profound and mental part of exchanging and that it is so critical to dominate your attitude to acquire that edge in the business sectors.
How do I access the Private Members Only Video Library?
"
The direct link to the Private Members Only Video Library is: https://madazmoney.com/videos-members-only/
Alternatively, you can also access it by starting on the MadazMoney.com home page and clicking on Videos and then clicking on Click Here where it says To access members only video section.
"
I am a new member and there are a lot of videos in the Private Members Only Video Library. Where should I start?
"Members should watch and review all the Live Daily Mic Sessions and WEBINARS (specifically Webinars 1, 2, and 4) to get a better understanding of the strategies we employ here on a day to day basis as a starting point.
https://madazmoney.com/videos-members-only/cat/webinars-madaz
Trading Basics 101 by Madaz Money Moderator TheShortBear is also a great starting point if you’re really new to trading.
https://madazmoney.com/videos-members-only/cat/trading-basics-101"
How do I cancel/upgrade my subscription or change my billing information on my account?
If you would like to CANCEL or UPGRADE YOUR SUBSCRIPTION or want to changing your BILLING INFORMATION on your account, please follow the instructions on this page here: https://madazmoney.com/manage-your-chat-subscription
When did you start trading?
March 2011
What was your first broker? How much did you start with?
I started with $6,000 in my E*Trade account.
How did you get around the Pattern Day Trader (PDT) Rule since you started with an account below the $25,000 required minimum?
"Simple, I didn’t. I just dealt with the ‘3 day trades in 5 rolling business days’ restriction and was really picking with my trades, only taking them when I knew the risk/reward was heavily skewed in my favor.
Some people go with prop firms or offshore brokers, but at the time I really couldn’t afford to risk getting scammed as losing the $6,000 of my trading capital would have surely prematurely ended my trading career. It was just a risk, I didn’t want to take.
I was able to get above the $25,000 minimum within 6-8 months or so from just an accumulation of trading profits."
When did you start trading full time?
March 2014
How long did it take for you to get consistent?
About a year and another year to get comfortable with relatively larger size for bigger profits.
I heard you said that you traded while you were on the job. How did you do it? Any tips and tricks?
"First, definitely don’t try anything stupid to get fired.
Living on the west coast where the market starts at 6:30AM PST really helps as I was able to trade the open until about 8AM PST. I’d tend drive to work for 1 1/2 hours and then load my platform on my work computer but just the L2 and have the charts on my phone. I’d also use Teamviewer to remotely access my platform from home via my phone or tablet. For extra privacy, angle your screen a certain way and/or buy an anti-glare monitor filter/protector. If your work blocks/monitors your internet, you can use your phone as a hotspot or purchase a MiFi device.
If you are on good terms with your boss, you might as well just blatantly trade on the job like i was able to do after about a year or at least bring a laptop or something and trade on that. But again, don’t do anything dumb to get fired."
How much income do you recommend saving up before attempting to quit your job to trade full time?
I personally saved up 5 years worth of annual income but you could probably get away with 3 years of annual income saved. But I’m not a financial adviser and everyone has different circumstances and comfort levels so really think it through and consult a professional if you’re not sure because this is a HUGE decision to go from a steady guaranteed paycheck to something that is more uncertain and fickle.
What are must have hardware for traders?
"A fast computer.
Multiple screens.
Backup Battery Power Supply (in the event of power outages)
Very fast internet.
Back up Internet.
Back up Computer (such as a laptop)"
What was your job before you decided to trade full time?
Structural Engineer
What platforms do you use?
"DASTrader for L2 and to execute orders. thinkorswim (TOS) for charting because they have awesome tools and settings and you can draw all sorts of things on them and save them and share it with others. I use DASTrader for L2 because it is much faster than TOS’s L2.
For a FREE 14-Trial of DAS Trader Pro, click here: http://bit.ly/2UOv1HW"
How do you find your stocks? What stock scanner/screener do you use?
I currently use Trade-Ideas as my stock scanner. You can see my tutorials on how I set up my Trade-Ideas scanner settings here, here, and here.
What are those green/yellow dotted on your charts as seen in your videos and posts?
They are manually drawn in support and resistance lines using the Price Level feature on thinkorswim. See this video for how I draw them.
What trading books do you recommend?
"1) Reminiscences of a Stock Operator by Edwin Lefèvre
2) Trading in the Zone: Master the Market with Confidence, Discipline and a Winning Attitude by Mark Douglas
3) The Disciplined Trader: Developing Winning Attitudes by Mark Douglas"
What are some free and easy ways to learn trading besides paper trading?
Check out chartgame.com. Pretty fun, free, and easy way to learn charting and it’s pretty addicting too.
How are you able to make so many trades/tickets or trade so many shares without getting killed by commissions/fees?
I watch the Level 2 (bids and asks) 90% of the time while referencing the Support and Resistance levels on the chart which I am able to memorize for the most part but still have up as a “cheat sheet” of sorts. I use the Time and Sales to spot the general direction of the order flow which I can keep track out of the corner of my eye without having too much specific attention to it.
How do you calculate the halt levels so quickly? Where do you get them?
It’s on the trading Platform, DAS Trader Pro. Right-click on the Montage where it says “VWAP” and it should bring down a dropdown menu for you to select LDLU. For a FREE 14-Trial of DAS Trader Pro, click here: http://bit.ly/2UOv1HW
How much can I save with Madazmoney Coupons & Promo codes?
You can save an average of 15% at checkout with one valid coupon.
How often do they release new Madazmoney coupon coupon codes?
New coupons will be released throughout the month. You can especially find great coupons on big holidays like Black Friday, Halloween, Cyber Monday, and more.
What is the best valid Madazmoney coupon that you can use?
To save your time, top 3 first coupons are usually verified by our team Coupons Plus Deals.
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