Day trading is short term trading A day trade is (usually) entered and exited within the same...
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Transcript of Day trading is short term trading A day trade is (usually) entered and exited within the same...
Day trading is short term trading
Day trading is short term tradingA day trade is (usually) entered and exited within the same trading day
Day trading is short term tradingA day trade is (usually) entered and exited within the same trading dayA day trader takes advantage of the relatively small movements in stock price during the trading day
Although some moves can be more than 100 points
Point one – Get your research rightResearch on short term trading like day trading consists of technical research
Point one – Get your research rightResearch on short term trading like day trading consists of technical researchTechnical research involves reading stock charts to determine what is likely to happen to stock price at given times
Point one – Get your research rightResearch on short term trading like day trading consists of technical researchTechnical research involves reading stock charts to determine what is likely to happen to stock price at given timesYou’ll want to learn to read stock charts properly in order to be a successful day trader
Point two– Follow a winning strategyThere are many day trading strategies available
Point two– Follow a winning strategyThere are many day trading strategies availableAlways test a strategy for yourself before committing money to it
Point two– Follow a winning strategyThere are many day trading strategies availableAlways test a strategy for yourself before committing money to itStart by back testing as far into the past as your charts will allow. Write down the results
Point two– Follow a winning strategyThere are many day trading strategies availableAlways test a strategy for yourself before committing money to itStart by back testing as far into the past as your charts will allow. Write down the resultsTest in real time by paper trading from the strategy for a while
Point two– Follow a winning strategyThere are many day trading strategies availableAlways test a strategy for yourself before committing money to itStart by back testing as far into the past as your charts will allow. Write down the resultsTest in real time by paper trading from the strategy for a whileWhen you have a winning strategy, stick to it!