Day trading is all about making small amounts of money on hundreds of trades a day instead of making enormous amounts on a couple. If the duration of a lost share is significantly higher than that of a winning share, you have probably committed a huge mistake. If an individual is losing money permanently, even though they are sticking to their trading plan, he or she should take a few days to rework their plan.
Typical day trading errors
This list is not intended to be exhaustive, it should only show some of the typical problems of starters in day trading. Someone who has never traded may think they are exempt from this list, but they are not. Many active traders will, however, recognize these mistakes at one point or another.
The new trading platform is there, the orders are executed in seconds and the profits seem so close. … Read the rest