trades, to just one or two, you have the opportunity to closely monitor and
learn from your trades.
Can you imagine executing 5 or more trades daily as a newbie and monitor
all those positions simultaneously? You’ll only get confused and
overwhelmed
and worse, you may even miss day trading triggers and
signals and fail to profitably close your positions.
Winging It
If you want to succeed as a day trader, you need to hold each trading day in
reverence and high esteem. How do you do that?
By planning your day
trading strategies for the day and executing those strategies instead of just
winging it.
As cliché as it may sound, failing to plan really is planning to fail. And
considering the financial stakes involved in day trading, you shouldn’t go
through your trading days without any plan on hand. Luck favors those who
are prepared and planning can convince lady luck that you are prepared.
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