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1:28 Always create a Trading Plan
4:53 Analyze stock news
6:35 Avoid emotional trading
11:25 Respect risk management in trading
After trading in the stock market for 6 years now, these are some of my must follow rules for day trading that I wish I had followed more strictly. It’s more difficult to KEEP money day trading than it is to make money. Some rules I personally follow daily:
1. Always have a trading plan before entering a position long or short
2. Always analyze the stock news catalyst
3. Step away when emotions kick in while day trading
4. Be realistic about profit taking
5. Always prioritize risk management in trading
6. Do not blindly follow alerts or others into trades.
How much MONEY do you need to Start Day Trading? (How to Day Trade for Beginners)
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DISCLAIMER: I am not a financial adviser nor a CPA. These videos are for educational and entertainment purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.
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