TRADING IDEAS FOR DAY TRADER

If you are not sure and don’t have an edge, cash is a strategy

If you are on a cold streak, reduce size by 70% and tighten stops for stocks are not people, they cannot be trusted, an algorithm doesn’t care that you think you know the story or the chart.

Don’t be “all in” in any name, you will blow up your account.

It’s totally cool to change your mind right after a trade, the market changes by the minute, so should you.

Pick one strategy and stick to it. This may take time if you are a beginner.

You have to break a few eggs to make an omlette, so take losses but keep them very small.

I haven’t taken someone else s idea in a long time, you have just as good a chance of being right or wrong as some other person.

Don’t have 15 technical indicators on your screen.

Don’t trade pissed off, it will crush your P&L

Guess who wins when you “revenge” trade?

Take partial profits on the way up and raise your stops.

When you have three losing trades in a row, take a walk around the block.

REMEMBER THAT MARKET IS SMARTER THAN YOU ARE.