SO YOU WANT TO DAY TRADE ::.::.:..

 

DAY TRADING DEFINED:

 

Day trading, by definition, means that you end each day flat,meaning you go home without any open positions at the end of the trading session.
If you are to succeed at the day trading business, you have to run it like one. At the end of the trading day you take no position home overnight. By adhering to this discipline you avoid the overnight risks that traders face.
Day trading is limited by time and the average range of the stock, but you will be in better position to control your risk and the size of your losses. This is the key part of the traders equation.
The most important thing you must manage as a day trader is the size of your loss. Secondly,you must manage a winning trade to maximize the profit on each trade.
Your motto will become, make a point, lose a quarter. And you want to do this as many times as you can.

TRAITS FOR A SUCCESSFUL DAY TRADING CAREER ::.::.:..

 

You need a few traits and strict rules in order to succeed at the business of day trading. These can be summarized as follows:

• Understand the risks of day trading.

• Take no position home overnight.

• Act on what the market is telling you and not what you hear or read. Free yourself of any preconceived notions of imposing your will on the market.

• Cut your loss on a position when the market proves it not correct. This does not mean you wait for your stop to get hit before you exit.

• Work hard at developing a trading plan to select trades, manage trades and exit trades.

• Select the technology and communications necessary for quick execution.

• Manage the, Traders Equation. You must understand how when each part of this equation changes it effects your profitability. Manage the loss side and your hard work will take care of the profit side.

DAY TRADING TOOLS AND TIPS ::.::.:..

 

The education of a Day trader is never over. Please check this page for useful tools and tips to make your Day trading experience a safer and more profitable one.

 

• The Wisdom of Jesse Livermore

 

You can always contact Optionwala for any help with your Day trading experience or if you need mentorship, to progress in your trading career. Or for just a contrary view point to help you get out of the rut.

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DAY TRADING RESOURCES

• Stocks Signal Pro - The Inexpensive Alternative to Overpriced Stock Trading Systems.

• Joe-Duarte.com: One of CNBC's original Market Mavens, Dr. Joe Duarte has been writing about the financial markets since 1990. Dr Duarte's daily biotech and tech stock picks, and daily technical briefing, are now available to investors and traders.

• Surefire Trading - Instant trading tutorials.

• Rebound Trading Systems Rebound Trading Systems | Trade: No Load Mutual Funds | Exchange Traded Funds -ETF | Fidelity Select Funds | Rydex Funds | All systems consistently outperform the S&P 500.

• Profits On - Short Term Trading System Signals.

• Real Fast Trader - Offers FREE Nasdaq Level II quotes, dynamic intraday charting, fast confirmations, low commissions, day trading direct access software and personalized customer service. Real day traders use RealFastTrader.com!

• Stock Market, Penny Stocks Message Board - Popular discussion forums for investors and traders - HotStockMarket.com

• Alliance Investment - Off shore Day Trading firm that offer 4 to 1 margin with $500 account size. Day Trade less then $25k. Offers Level 2, charts, and direct access trading. Non-US Only.

• Daily Stock Picks for Active Traders
  SuperbTrade.COM Specializes in Educating Day-Traders, Swing Traders and Long Term Investors. Subscribe to our Daily Stock Picks, FREE Lessons and Chart of the Week and start your trading education today.

• ETFs Market Timing - Volume-based technical analysis for the NASDAQ 100, DOW, S&P 500, and other indexes. Buy/sell signals for the QQQ, DIA, SPDRS, and more.

• online stock trading | stock market trading The best online stock trading strategy for day, swing and trend trading in the stock market.