An experienced day trader will focus on the trade entry points, but also on the trade exit points. Market professionals agree volatility definitely is a plus for the day-trader. As the prices go up and down, the day trader must be alert as to when to sell his stock or wait for the moment to hold on it.
Don't believe advertising claims that promise quick and sure profits from day trading. As a trader you will probably fall into two main categories, traders who like to trade the breakout and traders who like to join the trend once established. Not all stocks are suitable for day trading.
A novice day trader should normally have day trading capital of at least $20,000 to start, so this is not a business to undertake lightly. Those who do day trading usually stay glued in front of the computer and monitoring which stocks have a fast turnover. If you are afraid that you will lose money, then day trading is not for you.
Good day traders know that many of their trades will fail to meet the original objective. People who operate in the day trade markets are known as day traders. Individuals who attempt to day trade without an understanding of market fundamentals often end up losing money.
Can day-trading be learned? Day trading is tantamount to gambling and some brokerage houses have been guilty of overstating day trading as safe and risk-free. The key to consistently profitable day trading is having lots of different trades available. Practice your day trading using a simulated trading system before using real money.
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