Day trading strategies: the complete guide with all the advanced tactics for stock and options trading strategies. Find here the tools you will need to invest in the forex market


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BOOKS.YOSSR.COM-DAY-TRADING

 Lifestyle 
If you routinely show up to your trading desk hung-over or, even worse,
drunk on alcohol, you cannot possibly expect to make money. Too many
people think trading is simply a matter of showing up and placing orders
exactly as your technical system indicates, but this is simply not true.


Getting adequate rest and following proper discipline is what ensures
success. You’re increasing your risk massively by choosing to ignore these
principles.
 Mental Prep 
The trading session is not the time and place for you to analyze anything.
Your trade entries should be an automatic go/no-go decision. This boils
down to how well you’ve practiced your strategy and have prepared
yourself for the session.
This concludes our look at risk management. However, following and
executing these principles will more than ensure your success.


F
CHAPTER 4:
 
 
Day Trading is Really Possibility to Business
Your Trading Success Plan 
ailing to plan is planning to fail. How many of you have heard
some version of this saying before? Trading is no exception when
it comes to planning. You need to have a long-term plan of success
that will serve as your reference guide, as well as a business plan.
Ultimately, trading is a business, and you need to keep meticulous records
of performance like you would any business.


 Trading Plans 
You’ll hear a lot of trading gurus tell you to make a plan. Well, what exactly
is a trading plan, and why do you need one? To be honest, a trading plan by
itself is not going to matter too much. However, when done right, it can
help you focus and really nail down your vision when it comes to trading.
Perhaps a more appropriate term for this is to call it a trading business plan
instead of just a trading plan. Much like how you need to record all key
information (both financial and in terms of vision) in your business plan,
your trading plan needs to do the same for your trading business. At a
minimum, it needs to have the following information.

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