I wanted to write this post and reflect on the last 3 months of trading and maybe help you out with when you get it in your mind that you just want to quit and give up on day-trading as … Read More
Learn
Lesson #3: Risk vs. Reward Trading
How do you trade? Do you short spikes? Play penny stocks? That is a big question and everyone most likely has a different answer, but I will give you my answer, as it works for me, and has made me … Read More
Lesson #2: Only Trade What You Can Afford To Lose
If you simplify trading to its basic form, it is simply, gambling. Now don’t get me wrong, its not the same and betting on a hand of black jack, or spinning the roulette wheel at the casino, but it is … Read More
Day Trading Lesson #1 Cutting Losses Quickly
You just bought a stock, and it is already going against you, what do you do? Do you let it keep going in hopes that it comes back to where you bought it, or even higher, so you make a … Read More