Daily Video for August 31st, 2011
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If you want to really make the most money possible as a day trader, it is very important that you take into consideration a few factors. Some of the most important include issues such as the actual comfort that you personally have within the stock market. One of the biggest mistakes that new day traders make is trying to engage in transactions while avoiding their fear. If you are scared that the entire time you will make a mistake then you are going to find it is very difficult to actually move past the problems of day traders and pull yourself together properly. How to Overcome Fear As A Day…
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Keeping a regular trading journal of the trades you make is of vital importance to your success as a profitable intraday trader. The fact that recent statistics indicate that over 97% of new day traders fail to even break even implies that in order to become successful, one needs to do something differently to the crowd. I would argue that the 3% who do eventually become profitable day traders get to this stage because they meticulously analyze both their winning trades and losing trades. And the way in which they do is? Keeping a trading journal. Benefits Of Keeping A Trading Journal So what exactly is it about a trading…
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