7 often ignored day trading tips

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Page 1: 7 Often Ignored Day Trading Tips
Page 2: 7 Often Ignored Day Trading Tips
Page 3: 7 Often Ignored Day Trading Tips
Page 4: 7 Often Ignored Day Trading Tips

Failure in trading does not

have to happen to you.

Page 5: 7 Often Ignored Day Trading Tips
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Day trading tips that I

have found particularly

useful over the years.

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1. Take full responsibility

for everything that

happens.

Page 8: 7 Often Ignored Day Trading Tips
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Whatever happens, take

responsibility for it.

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2. Don't focus on the

money.

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Focus directly on the money

=

makes us do some silly

things

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Price will do what it’s

going to do.

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Trade the plan

Period

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Keeping your eye off of

the profit/loss column can

do wonders for your

consistency.

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3. Accept that risk control

is paramount

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Profits add to your

account but the losses can

take you out of business.

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Take The Stop

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Watch the stop area

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4. Be stingy with broker

fees and other costs

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Use what you need and

nothing more

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5. Accept that a winning

trade against your rules is

a loser

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Rewarded for lack of

discipline is unhealthy

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6. Set your trading

business hours

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Trade your times.

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Double-edged sword

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7. Trade from a balanced

frame of mind

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Our psychology has

a massive impact on

the success or failure

we will find.

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Mediation

Music

Affirmations

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The Biggest

Trading Tip Of All

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Have defined rules for

entry, exits and risk

management

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Perfect does not exist

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Unconditional

commitment to trade

according to the plan

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It’s a challenge to ignore

what you know

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Great examples of this

last tip are the trading

systems and strategies

that Netpicks offers.

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Page 38: 7 Often Ignored Day Trading Tips

Counterpunch Traderwww.netpickscounterpunchtrader.com/

Options Masterywww.netpicks.com/optionsacademy/