DayTrading ... My Key Starting Points
I began poking at the notion to trade the markets back in 1999. I was the only one among the friends I rolled with at the time, that had any interest in doing so. I had no direction, knowledge or any clue how the markets worked, let alone what exactly "The Markets" were. Needless to say, after spending many weekends in Borders Book Store looking through the finance and investment sections searching for answers, then hammering away at the web (pre Google) when I got home, I was on a Quest. After researching and speaking with many people / and so called trading schools I came across DayTrading University and Ken Calhoun. That was back in 2002. I have been continuing my studies, and trading successfully to this day. Since then I have found some really great teachers, concepts, tools and methodologies.
My primary platform is TOS ThinkorSwim Desktop. I also use TradeStation, MetaStock and a few of Joe DiNapoli's tools for technical analysis.
My most expensive lesson learned (to date) is to "always" have a written trading plan - and follow it.
Risk Management - Manage your money - because when it's gone - you can't trade.
Use a realistic Risk to Reward ratio - it's much better to peck at the sweet spots with managed risk then to through a fist full of dollars into the mouth of the markets.
Pull the trigger - He or she who hesitates ... meditates ... and misses the opportunity to get into or out of a trade. A missed opportunity "is" a loss of money.
The market ... is Always right!
By following my trade plan (including - mindset) I have longevity in the markets and I am a successful trader. - Life is Great!!
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