A day trading strategy that beginners can use as a starting point to learn and improve, while minimizing losses. Day traders who are just starting out should not be led into the glamour of raking profits day after day without first understanding the risks of day trading. To ensure their longevity in the market, day traders must be able to learn from their trades and develop the right trading attitude. Look out for day trading strategies with the following characteristics to start your day trading journey right.


Rather than meddling with the position when you have neither confidence in your skill nor control of your emotions, leave your stop and target alone. Once you have a sizeable sample (>30 trades), compare the the results of passive management versus if you had managed it actively.
For traders who are still grappling with their trading edge, trading less is definitely better than trading more.
A trend trader must also be persistent in taking trades with the trend and not be tempted to pick the top or bottom.


When you do not, you feel like a loser trying to fight the trend that seems to go on forever. Trading with the trend helps a beginner focus on the right state of mind necessary for consistent profitability.



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Comments

  1. PoranoiA

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    29.03.2015

  2. gagash

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    29.03.2015

  3. KLIOkVA

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    29.03.2015

  4. GameOver

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    29.03.2015