Day Trading Rules, The Number 1 Rule of Day Trading! That 99% of DayTraders Break… – Day Trading For Dummies.
Everyday it seems I get the question from a new trader about what they should do with some Stock they bought a couple days ago thats turning into a big loss for them. They bought it at High of Day and have been holding it ever since…
I can not express the importance of following this rule. Its very simple and it really should never be broken but its broken everyday by 1000s of traders. DO NOT MARRY A TRADE!!!!!! DON’T DO IT. Through sickness and health does not apply to these Small cap terrible companies that run up big on news.
I used to break this rule constantly and overtime I could not figure out what I was doing wrong. The more I learned about DayTrading the more this Rule made sense. We’re not here to invest in these small cap companies! We’re only here for the good times when these companies are flying to the moon for their brief 15seconds of fame!
Follow this rule and I promise you that you’ll see a difference in your trading! The rules are there for a reason and their not meant to be broken.
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Cost Activity in Forex
There is likewise an approach for part-time investors who pop in as well as out of work (10 minutes at once). These brief however regular trading durations may provide themselves to implementing a cost activity trading technique. Rate action trading indicates evaluating the technicals or graphes of the money pair to educate professions. Traders can examine up bars (a bar that has a greater high or greater low than the previous bar) and also consider down bars (a bar with a lower high or lower low than the previous).
Up bars signal an uptrend while down bars signify a drop, while other cost action signs may be within or outdoors bars. The key to success with this approach is compromising of a chart time frame that finest fulfills your routine.