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HOW TO ENSURE THAT YOU DO NOT LOSE DAY TRADING?

Posted By On 7/28/2007 06:49:00 AM
Follow following guidelines to be victorious in day trading:

1.Trading plan should be neatley written with you.
2.No mental stop losses.
3.Whenever body language is not feeling comfortable with the trade then get out of the trade.
4.Day trade in front of screen.
5.Never give more room to stop loss.
6.Place stop loss in system.Be aware of volatility during first 15 minutes of opening of exchange and during that time stop loss may not be fed in system.
7.Do not overtrade.
8.Quantify your results by maintaining a diary.

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