1. Track Everything
although you’ve got to work fast when you’re using day trading methods it is worth making the effort to scribble everything down. Again this is a habit you can train yourself into while in demo. You will be amazed how much it helps you to understand why things went right or wrong when they did. An easy spreadsheet recording your position, the signal(s) and the opening and closing prices is enough during trading. Afterward you may want to add a comment. If In Doubt, Keep Out
This is a widely known trading and investment rule. Don’t take a big gamble on something that just about fits your system but not really. There is possibly a reason why the system is set up for the signals that it has, and if the market doesn’t fit, do not force it. equally if you are sick or under pressure about another area of your life, it can be better to keep away from the market, particularly while you’re still a relative beginner.
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