(a) Do develop trading discipline. It is a serious profession and not a part time job.
(b) Remember that market and price is always right and one can not impose the will on the market.
(c) Maintain trading diary to analyse the failures and successes.
(d) Always sell into good news and buy on bad news.
(e) Develop patience, perseverance, determination and a rational trading plan.
(f) Do not marry a stock or get emotionally attached to it for sake of making profit.
(g) One can not make profit in every trade.
(i) Develop your instinct and fine tune the same and identify the success rate as they say that first reaction is the best reaction.
(j) Avoid chasing momentum if one is unsure of the exit point. Assume the market will reverse itself as soon as you open a position.
(j) Be flexible as same strategy can not be used every day or a same plan can not fit every stock.
(k) Idebntify your risk potential.
(l) Have best news and stock guide.
(m) Have fastest online trading platform with lowest brokerage structure.
(n) Trade only in select stocks.
(o) Make day trading stress free and an enjoyable experience.
(p) Accept loses with smiling face and be positive in approach.
