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| Newsletter
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The Rules of Day Trading
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- Before you begin to day trade with out system review the tutorial.
- Define your assets and allocate your cash strategically
as indicated in the tutorial.
- Have enough cash for 4 positions in your day trading
account.
- Always know
- Day Trades are always opened and closed in the
same day. They are never held overnight in any circumstance.
- when to initiate a trade and always know when you
will exit a trade before you enter any trade. We
provide this information to you in the Day Trading
Ideas Link under the Day Trading Tab in the top menu.
- Anytime you enter a day trade, use a $0.2 stop
loss in case the trade starts going against you.
- If at any time you have gains that exceed $0.50
in any day trade make sure that you do not let the
stock turn lower and make sure that you don't lose
those gains. You may want to simply execute a
close order or initiate a profit stop, this is up to
you. The point is that you don't let a winning
trade turn into a losing one.
- Be willing to balance your trade if needed.
Read the tutorial for more details.
- Overweighting positions (long or short) should
occur as indicated by the 5-point rule (In the tutorial).
- Try to go with the flow of the stocks that you
choose to trade as much as possible.
- We never trade more than 4 positions at one time.
- Monitor intraday news events and understand which
of the stocks you follow are moving because of news.
- If a day trade is stopped you can re-enter the
day trade up to 3 times before closing the trade.
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