Episodes
Monday May 08, 2023
Many Day Traders Forget About This Simple Trade Management Fact
Monday May 08, 2023
Monday May 08, 2023
There are lots of rules and disciplines that must be followed as a day trader. When you enter into a stock or crypto trade, the ability to forget about these rules becomes quite easy to do. Candlesticks are moving all over the place, the Level 2 is flashing and changing colors, and that’s just the start. Because of this, many traders (myself included, even after almost 20 years of trading) forget about a certain fact that is extremely important. In this video I will be using some of my personal day trading stock results that I captured, live, on video to illustrate this “must remember” fact. When you remember it and implement it into your trading, you’ll find yourself in much better positions and be able to “work a trade” more efficiently. There is no Holy Grail in trading, but there are disciplines we can do which makes life a bit easier! Don’t forget about this fact!
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