If you are trying to make money as day traders, here are a few guidelines:
It’s important to remember a few main principles:
First off, you don’t really make money while day trading. You do not even make money in a typical “traditional” market. No matter how good your idea is you will never be able to match the skill and expertise of a skilled day trader.
Day trading is about creating something new with your trading skills. Once you understand that, your work should be more about creating and maintaining value in the market as opposed to trading at all times.
Second off, most traders who try to make money in day trading will never make a profit, not even 5%. If you are going to make money day trading then you must not be a slave to the past. If you are going to make money day trading you have to put in years of studying, researching, training, and practice and you have to develop your trading skills in this way.
How do I know if I have a good idea?
If you have a good idea then you should go ahead and try your hand at trading. You have to start by reading and understanding the fundamentals of a trade before investing any time, energy or money into trading.
If you just read this and it doesn’t make sense to you then you’re on the right track.
What is a trade you should be doing as a beginner?
There is one big lesson to take from trading beginners:
Be willing to change or refine your trading plan as your trading experience gains clarity.
You can always re-check your plan later on if you are not quite happy with the results.
What should I invest into as a day trader?
To give you a quick background around day trading and to help you make sense of the markets and trade intelligently:
What market is the best time to trade?
Day trading is the most profitable way to make money. To be successful as a day trader you need to understand this. As the saying goes: “Never trade in the wrong market.”
How long is the bull market of day trading?
Over the last 4 years, the stock markets have been trading around a 70 to 80% multiple in the early hours of the morning. This makes sense when you think about the fact that if the market closes in the market is open long that will give you more than enough profit at the end of
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