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5 Disciplined Rules of Day Trading for Success

Posted By On 4/02/2009 09:36:00 PM Under

1. One has to do justice with the winning stocks and must exit half of the position at achieving the first target.

2. Learn to be a repeater with same type of winning stocks. If you have found that you make money with x stock and with Y methodology than stick to it for the life time for day trading as stock and trading pattern takes years to get fitted with an individual personality.

3. One should avoid over analyzing and avoid being hesitant at the crucial state.

4. All traders are equal in front of the market, so learn to respect the market as it is supreme and none can fight it as market wields the ultimate scale to justice.

5. Be yourself and do not try to imitate any body. Find your trading method and stock guru and have faith in them else take your decisions by yourself and be responsible for it.

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