1. Knowledge Is Power
2. Set Aside Funds
3. Set Aside Time, Too
4. Start Small
5. Avoid Penny Stocks
6. Time Those Trades
7. Cut Losses With Limit Orders
8. Be Realistic About Profits
9. Stay Cool
10. Stick to the Plan
Successful traders have to move fast, but they don't have to think fast. Why? Because they've developed a trading strategy in advance, along with the discipline to stick to that strategy. It is important to follow your formula closely rather than try to chase profits. Don't let your emotions get the best of you and abandon your strategy. There's a mantra among day traders: "Plan your trade and trade your plan."
2. Set Aside Funds
3. Set Aside Time, Too
4. Start Small
5. Avoid Penny Stocks
6. Time Those Trades
7. Cut Losses With Limit Orders
8. Be Realistic About Profits
9. Stay Cool
10. Stick to the Plan
Successful traders have to move fast, but they don't have to think fast. Why? Because they've developed a trading strategy in advance, along with the discipline to stick to that strategy. It is important to follow your formula closely rather than try to chase profits. Don't let your emotions get the best of you and abandon your strategy. There's a mantra among day traders: "Plan your trade and trade your plan."
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.