Rules For Successful Day Trading Creating a list of rules to follow is a great way to help insure your success and the much needed positive trading perspective. Put the rules on the wall next to your computer or the wall above the monitor to remind you were you on a daily basis. For those who have been in the market for years, the most used rules are over often looked because they are so well known. A list can even help the most...more
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Does Day Trading Work? 4 Secrets For Long Term Day Trading Success When it comes to day trading, most people start off by learning too much of the wrong kind of information and they go down a less than profitable path. Instead, I'll ensure you get the cold hard facts about what's practical and what's necessary for you to start earning a genuine $100k+ day trading income as rapidly as possible. Here are 4 things you need to know for the best possible day trading start: 1. Most newbie trading "apprentices" get caught up with learning 1,001 different technical indicators (and studying every obscure trading system under the sun). They mistakenly believe this will make them a great trader. For day trading success, less is more. 2. KISS (Keep It Simple, Stupid) is where you want to be. Focus on the most basic skills and minimize clutter on your charts. You want to be doing one thing as a day trading newbie, and that's getting a feel for how your chosen market trades in real time. You cannot day trade successfully without developing good instincts from watching the market. 3. While market-watching, the first of two key day trading skills you should be...more
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