Top Day Trading Habits pt 1 of 4

http://www.YourTradeRoom.com , Randy reviews the good and bad habits of Day Traders in this four part series. How do you trade? Watch to make sure your habits are making you money.

Traders Best Practices

1. Don't ever think of the market as being either too expensive or too cheap but instead whether people are willing to pay more in the future (long) or less (short).

2. The bottom line is that making consistent profits is more important than being right. Ask yourself "why am I trading?" and the answer should be obvious.

3. Stop trying to be a hero by picking tops and bottoms. In the long run it does not work. This is a losers game and not a good way to focus your efforts. Stay with the overall trend and wait for the right setup.

4. You must exercise patience with your winners and extremely impatience with your losers. Don't get excited and take your profits too early but have a trading plan and follow it.

Category:

Education

Tags:

• Day trading
• trading
• money

[vampirelarp]

When trading you really do need to look at your bad habits, we all have some and it can make you money to fix them.