Day trading success

SIMPLE STEPS TO ACHIEVING DAY TRADING SUCCESS

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Fundamental Day Trading Mistakes Many Traders Jeopardize Their Own Success After Working With Many Traders I Noticed Basic Patterns Avoid These Patterns And Increase Day Trading Success

Avoid Trading Without A Plan Plan Entry And Exit Ahead Of Time

Have Contingency Plan In Place Prepare For Every Foreseeable Condition

Stay Organized At All Times

Know Intraday Price Levels

Test Strategies Before Trading What Looks Good On Paper Often Doesn’t Work Execution Is Unrealistic Too Much Slippage Start With Small Share Size 10 Shares Per Order Copyright © 2007-2013 Market Geeks, LLC. All Rights Reserved.

Set Ups Must Have Logical Explanation Don't trade black box methods or set ups that have no logical basis. You should always know the reason for the set up and how the set up increases your odds of profitability or increases the size of the winners.

Know The Current Market Conditions

Few Weeks Ago Only Long Trades Would Be Advised

Two Weeks Later Same Market

Short Trades Are Becoming More Desirable In These Conditions

Things To Keep In Mind Follow Basic Principles

Have A Plan Know Market Internals

Know Intraday Levels Don’t Be Emotional

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