Trying to time the exact bottom or exact top is one of the BIGGEST mistakes new traders make. We see traders every day on Twitter sharing their bottom tick or top tick prints. But what you do not see is the 5 losses they took on the way down trying to guess the bottom, and …
Read moreMust-Read For Day Traders: How to Catch the Meat of the Move
Day trading is fast and furious. It has the potential to yield huge you huge returns if you have quick reactions and great risk management. When you day trade you watch every tick. It is tempting to micromanage, and think every uptick or downtick is significant. All of the best trades come from letting winners …
Emotions are an inevitable component of human trading. Emotions get in the way of being able to see the market from an objective standpoint. Therefore in order to have successful trading as a human, you need to understand how to prevent emotions from becoming a major factor in your trading decisions. This is especially important …
Read moreMomentum Stock Trading Tips: How To Prevent Emotional Trading
Snake oil salesmen and “miracle traders” are a seedy bunch. Anyone who promises you a 100% return in your first year is lying to you. However, the earnings potential of day trading is very real, and knowing what to expect in an average day or year is a crucial component of any traders toolkit, tempering …