Day trading can be really complex and uncertain. Many people have blown their money because of it. However, this should not be your fate. Read the list of the trading don'ts and pick up some things that are helpful to you.
Do not blame the market for your mistakes, remember that you, alone, are responsible for you actions.
Do your homework beforehand; getting substantial information on a specific trade will make it easier for you to profit from it.
Do not be afraid to lose some money, the realization that everyone loses money at some point of their trading gives you an equal footing with the most successful traders.
Do not trade your child's college tuition money, the payment for your bills or your food allowance unless you are ready to beg for your next meal.
Do not complain about how risky the market is, that's the way it has always been and it doesn't care for your complaints.
Do not chase trades. If you are losing trade after trade, just stop and let go of them.
Don't fall in love with a single trade. If it no longer works for you then try to break any emotional attachments you have with it.
Never forget that you are incurring risks with each trade you make but the risks should always be used to your advantage.
Don't focus too much on lost opportunities. You have lost before, why should you worry about that now. There are too many opportunities lying around the corner that you can no longer afford fretting on what should have been.
Do not look for secrets in day trading, there aren't any.
Never rely on somebody else's opinions; they are only as good as your own.
If something bothers you, don't trade. However, you must try to identify the cause. If it is fear, greed or any other negative emotions, you should tally them with mathematical or scientific bases.
Don't be foolish, encourage yourself. Self affirmation will give you confidence in your decisions. Do not go down to the point where you are cursing yourself, saying how much you hate the decisions you made. Instead, affirm your decisions and tell yourself how good a trader you are.
Never get bored. Some people only trade because they are plain bored. If you cannot trade today or you cannot find good positions then don't trade. This will give you a day off and save you some losses.
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