Some day trading beginners asked how to day trade stocks successfully?Now I am going to answer the questions.
First of all as a beginners ought to pick a good liquidity and volatility stock.It is the best way to make money.
For instance, the KFFB does not have a very high volume.
The second example pick the Nasdaq:AAPL. Please compare the KFFB and AAPL. Clearly the beginner only pick AAPL.
Second the successful day trader has stocks day trading track records card and day trading journal.Stocks day trading track records card is to help decide market trends.
More reading how to trade in stocks by Jesse Livermore
Third read weekly figures to decide general trend.
Fourth recognizing a good day trading entry point is the first step in achieving a successful day trade.So we have to buy day trading stocks in an uptrend.And looking for support and resistance level.
Most of all as a beginner you must learn how a professional traders trading.
Fifth grid trading system.Most of all never use full amount of margins.By the way ought to check two times before open an order.This can prevent errors.
Sixth as a day trading beginner only focus on one stock.
Seventh reduce the risks.You needn't always make money.So don't buy too many shares.Or hedging in the futures market.
For instance Mastercard The price is in an uptrend.But Sell $100.6 and it seems to be resistance level.
McDonalds It's not in an uptrend.$114 seems to be support level, but wait for better trading opportunities.
First of all as a beginners ought to pick a good liquidity and volatility stock.It is the best way to make money.
For instance, the KFFB does not have a very high volume.
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| the day trade beginner stock from sina |
The second example pick the Nasdaq:AAPL. Please compare the KFFB and AAPL. Clearly the beginner only pick AAPL.
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| The day trade beginner stock AAPL from sina |
More reading how to trade in stocks by Jesse Livermore
Third read weekly figures to decide general trend.
Fourth recognizing a good day trading entry point is the first step in achieving a successful day trade.So we have to buy day trading stocks in an uptrend.And looking for support and resistance level.
Most of all as a beginner you must learn how a professional traders trading.
Fifth grid trading system.Most of all never use full amount of margins.By the way ought to check two times before open an order.This can prevent errors.
Sixth as a day trading beginner only focus on one stock.
Seventh reduce the risks.You needn't always make money.So don't buy too many shares.Or hedging in the futures market.
For instance Mastercard The price is in an uptrend.But Sell $100.6 and it seems to be resistance level.
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| Mastercard daily chart from etoro 2016 |
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| Mcdonalds daily chart from etoro 2016 |
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