Day Trading tips

When you have a simple yet reliable trading plan stick to it. It might not always succeed 100% of the time but don't be dismayed or confused, that will only happen when you throw away the game plan and act impulsively and erratically.

Day Trading is an exciting occupation, every day something new or unexpected happens. Sometimes the tension is electric but it should never effect your physical or mental well-being if it does you're in the wrong occupation.

Bij het daytraden zijn er goede en slechte momenten om in te stappen. Het idee is om werkelijk het allerbeste moment te vinden door optimale concentratie. Het beste instap-moment biedt minimale risico's en maximale winstkansen.

The process by which you become an independent, self-supporting Day trader is gradual. Don't copy someone else's ideas and plan, try to develop your own approach and style that suits your personality. It may take a little time but in the end you will feel and see the benefits.

If you think in terms of risks and possibilities all the rest will look after itself.

The best teacher is the market as it presents itself every day. The losses and oversights are the crucial lessons.

Day Traders should first learn when to quickly step into and out of a trade. In the learning process profits are not of foremost importance, contain losses and move on to the next opportunity, that is the that is essence of the game.

The fundamentals of the Day Trading game are opportunity and risk assessment.

*Day Trading is to be apprehensive and yet take a chance.
*Day Trading is "what if" not "why."
*Day Trading is focusing on the environment and not yourself.
*Day Trading is a journey towards knowledge and then back to simplicity.
*Day Trading is a mental exercise. *Day Trading is rationalising and clarifying your thoughts and understanding till they become independent and depersonalised.
*Day Trading is recognising patterns in the market mirrored in your self.
*Day Trading is knowing the difference between what is and what others would like you to believe it is.

When it is getting close to the end of the trading day and the market has surged upwards it usually means the big players are rallying, afraid of missing an opportunity of cashing in. The next day it's likely the market will open on a high but that is immaterial to a Day Trader who every day closes his account in cash.

You have to be in the market place to profit from an unexpected upward swing. Many hedge their bets on the outside trying to predict the next movement and consequently arrive too late for the party.

If you begin to have doubts about a particular trade then only buy half of the amount of shares you originally intended. This will have the additional advantage of allowing you to keep in reserve some of your buying potential in case of an emergency which could be for example a swing trade, going long or short over a number of a days.

Do you know that 65% of all the shares traded in a day are done so by a relatively small group of Dealers, Market Makers and Specialists?

If you don't want to Day Trade yet still earn something then buy shares that absolutely no one wants. If they are rock bottom they can only go up. This is what speculative salvage experts prosper on.

Did you know there are in America about 90.000 so called "pattern Day Traders"? They are traders that with their own capital of a minimum of $25.000 dollar three or more round trips make.

The punishment for not keeping to the rules is you lose your money. The reward for sticking to the rules of the game is profit.

Concern for loss is the sign of an experienced trader, concern for purely for profit signals lack of maturity.