Day Trading

Are you tired of the same old day trading tips? Like, “cut your losses and let your profits run.” “Never let a gain turn into a loss.”, or the most repeated tip, “Buy low, sell high.”


So how about something new? Let me give you some specific day trading tips that will turn your trading around.


A good defense beats a good offense over the long haul. If you want to stay in the Trading "game", then developing a good defense is a MUST.


Rule ...

When day trading futures, you enter and exit all positions in the same day - never carrying a position overnight. Since the overnight moves of the market are difficult to predict, many traders avoid risk by day trading. Ironically, the public believes that day trading is the riskiest way to trade.


THIS IS A MYTH !


Some traders day trading futures, make 1 to 3 trades per day, trying to catch the major intraday moves. Others trade in-and-out very frequently, ...

If you put on a trade and your heart starts pounding, you are *not* ready to trade yet...Some people who aren’t ready to trade have other problems as well:

Pulling the trigger to get in Staying with one trading strategy long enough to judge it letting good trades go bad

Day trading psychology plays a role in these issues, and books have been written to help traders deal with these problems, but most of them do not offer a practical solution.

In order to be successful at day trading support and resistance,, you must have confidence in your trading strategy. Most traders with less than 2 or 3 years of experience, and for those who are just starting to learn day trading…well, they have nothing to be confident about. (But, there is a strategy that really helps inexperienced traders, so don’t be discouraged, we’ll talk about it in a minute.)
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