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rdial54
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Everything posted by rdial54
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Scalping is not dead. Day trading is not dead. Swing trading is not dead. Pick your strategy then read up on it and study it. Define your rules and your goals. Practice a little and then put it to use and evaluate and adjust. Trading takes time to master. Sticking to a plan and managing your emotions is the key. Learn before you earn.
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This is a very good overview of key day trading issues and ideas. Thank you for sharing with us.
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Day trading is not dead and seems it will always be here. Patience and discipline works in day trading and anything else you endeavor to do. Pick a few stocks to follow and use multiple time frames to evaluate them. Don't trade until you see a proper support level. Stick to your plan and have an exit plan before you make the trade. Don't be greedy. Let the chart and the market be your guide not an arbitrary profit target. You can't be right all the time but with reasonable risk management and strict discipline you can do it.