Tips on Building a Day Trading Watchlist

As day traders, we seek stocks that are highly volatile and likely to give us enough movement during the intraday to capture profits while minimizing risks. Most traders have a watchlist they build either during pre-market hours or even after the previous day’s market close. While everyone has their own custom criteria for building their…

Avoiding Emotional Trading by Sizing Down

Experienced traders will tell you to avoid emotional trading. You can find it listed in many, many “do not” lists out there in trading guides. I wholeheartedly agree with this philosophy, and I will go one step further and say that you should avoid emotional trading whether the emotion be good or bad. That’s not…

Getting the Most Out of Simulated / Paper Trading

If used correctly, simulated/paper trading can save you stress, turmoil, and thousands or even tens of thousands of dollars. Many brokers offer a trial period to learn their software while paper trading with live market data. Others offer a more permanent paper trading option with either monthly fees or as an add-on to a live…

Top 5 Mistakes to Avoid as a New Day Trader

The failure rate of new, would-be day traders depends on the source, but you’ll notice that most sources indicate 80-95%. With that in mind, in this article we’ve attempted to identify some of the primary contributing factors of theses failures. With some awareness of these pitfalls and a little discipline, you can make your own…