Emotions can fuck you over when you’re trying to make money day trading
Back when I was on the other side of the battlefield of personal finance I used this image to convince people that they should depend on me to guide them in the markets.
- Not take a trade
- Not let a winner run
- Not cut a loser off
- Know What A Ticker Can Do
- Only Trade Tickers With Range
- Small Size Wins The Big Prize
You can see my very detailed, long, drawn out day trading rules here. They are constantly updated so just bookmark the link to check in every month or so to see what I’ve learned. I’ll also post here with some insight as well.
Rules don’t mean fucking shit if you don’t stick them… You know the old adage, “rules are put in place for your protection”. Well I finally get that!
Day trading rules are imperative! They are your life line, your life vest, your woobie!
Establish your own, steal mine… but for God’s sake follow your rules!
Rules alleviate the need for over stressing during a trade. Again, from my little experience, I have learned that you must be mindful of the technical aspects of a trade not your emotion of a ticker. You have to believe in yourself to be successful in every trade… but wait just a minute… success is not defined by a profit in that particular trade.
Success with day trading is a little different. Some of the most successful trades are losses. Believe me on this.
Day trading is a mindful performance that focuses on nothing but technical signals and the click of a mouse or the push of a hot key. Superior mindful performance can be learned skill. A new skill for some but never the less, it must be learned and used on every trade. This is focusing on what is right in front of you without emotion, tension, doubt, fear or uncertainty.