Home
Currency Day Trading Investing Tool Secretebayinterviews Article
Best Day Trading Links
Privacy Policy
Sitemap

Sponsored Links

 

Navigation

Day trading accounts
Currency day trading investing tool secretebayinterviews
Day trading school
Emini day trading
Day trading stock picks
Day trading tools
Day trading software
Stock day trading
Free forex day trading ebook pdf
Currency day trading

Books


Things To Avoid In Day Trading

Day trading is a complex and sometimes uncertain business, and many people who have tried their hand at it have lost money. You can avoid this by learning from the common mistakes that inexperienced traders often make. You should read and take note of the following list of things that you should avoid in day trading.

 

You should not blame anyone except yourself for any mistakes or bad trades. You are entirely responsible for your decisions and actions, and you should never blame the market for going against you.

You must do sufficient research before you commit to any specific trade. If you have a significant amount of information regarding the trade you are about to make, the likelihood that you will profit from it will be much higher.

You should not be afraid to lose some money over the course of your trading activities. All of the best traders understand that losing some money is part and parcel of trading, and a good trader will make more than he loses, and thus still earn a profit at the end of the day.

You should never invest all of your money in trading, and you should never touch the money you have set aside for your child's college tuition, to pay your bills, and to buy food with. Doing so could leave you on the streets begging for your next meal.

Do not complain about the risk of participating in the market. Trading has always been, and always will be, a risky venture and nothing you do or say will change that.

You should not chase after trades. If you are continuously losing on certain trades, cut your losses and simply let go of them. In the long run, you save yourself from experiencing even more losses this way.

Never become too attached to a single trade. You should abandon any trade that is no longer working as well as it should, and not hold on to it because of an emotional attachment to it.

You incur risks with every additional trade you take on, so you should ensure that the risk works to your advantage.

Never focus on lost opportunities. There are many more opportunities to be found and you should not waste time and money lamenting the ones that passed you by.

Forget about trying to find secrets to day trading as there are none to be found.

If anything about a trade bothers you, then you should not trade. You should try to identify what exactly is bothering you, however, as this knowledge will prove useful to you when conducting future trades.

Give yourself encouragement and do not be too hard on yourself when trades go bad. Self affirmation will provide the self-confidence required to make the decisions that will make you a truly successful trader.

Do not allow boredom to force your hand. Trading simply because you are bored and there are no proper trades to make can prove to be extremely detrimental to you. If there are no good positions to take, then you simply should not trade.



 

Day_Trading Recommended Products


Day Trading Computers News

Transcendence, Immortality, and the State of Artificial Intelligence - The Bottom Line


Transcendence, Immortality, and the State of Artificial Intelligence
The Bottom Line
... either organic or inorganic. The idea of living vicariously through a computer is becoming more common as technology, and artificial intelligence specifically, continues to advance to higher and higher levels. ... The prospect of living in immortal ...

and more »

Read more...


Boston police destroy 2 backpacks at marathon site - Tulsa World


Boston police destroy 2 backpacks at marathon site
Tulsa World
Dick Grayson is trading his superhero suit for secret-agent cool. ... Tuesday's first of four lunar "blood moon" eclipses will mark a major earth-shattering event, depending on your viewpoint — either the possible start of the end of the world or Tax Day.

and more »

Read more...


Somerset man found guilty of fraud offences after scamming elderly victims - Cheddar Valley Gazette


Cheddar Valley Gazette

Somerset man found guilty of fraud offences after scamming elderly victims
Cheddar Valley Gazette
The case concluded with guilty verdicts on all eight charges following a two day trial. Trading under the name 'Computer Fix', Mr Smith advertised his business in local newspapers. The magistrates were informed that he used using the Christian fish ...

and more »

Read more...


Ukraine military bares teeth against pro-Russian uprising - Tulsa World


Ukraine military bares teeth against pro-Russian uprising
Tulsa World
Dick Grayson is trading his superhero suit for secret-agent cool. ... Tuesday's first of four lunar "blood moon" eclipses will mark a major earth-shattering event, depending on your viewpoint — either the possible start of the end of the world or Tax Day.

and more »

Read more...


Goldman Moves to Energize Stock Trading - Wall Street Journal


Wall Street Journal

Goldman Moves to Energize Stock Trading
Wall Street Journal
For example, Goldman's dark pool traded, on average, some 72 million shares a day in March, according to Tabb. In the same month in 2011, Sigma X averaged 125.5 million shares a ... The venues "create a host of conflicts that are very challenging to ...

and more »

Read more...