For ya'll gurus that have a lil bit of the luck and resources by your side. Explain a handful of ur strategies that help make u through the trading day, and let's see whose plan is on point.
There Ain't No Such Thing As a Free Lunch….
Here are a few of my basics though:
- One trade at a time
- 100% liquid at the close
- Trade volatile stocks only, concentrate on a handfull each day.
- Don't trade in the first and last quarter hour of the day.
- Stops are sacred: you hit a stop, you take it.
- When during the day you've made a predetermined amout of money, take the rest of the day off.
- When during the day you've lost a predetermined amout of money, take the rest of the day off.
- Trade electronic not via a market maker
- Review your trades regularly.
Here are a few of my basics though:
- One trade at a time
- 100% liquid at the close
- Trade volatile stocks only, concentrate on a handfull each day.
- Don't trade in the first and last quarter hour of the day.
- Stops are sacred: you hit a stop, you take it.
- When during the day you've made a predetermined amout of money, take the rest of the day off.
- When during the day you've lost a predetermined amout of money, take the rest of the day off.
- Trade electronic not via a market maker
- Review your trades regularly.
And the most important one:
Discipline! Stick to your rules.
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