Article Categories
» Arts & Entertainment
» Automotive
» Business
» Careers & Jobs
» Education & Reference
» Finance
» Food & Drink
» Health & Fitness
» Home & Family
» Internet & Online Businesses
» Miscellaneous
» Self Improvement
» Shopping
» Society & News
» Sports & Recreation
» Technology
» Travel & Leisure
» Writing & Speaking

  Listed Article

  Category: Articles » Finance » Stock Market » Article

Beginner Day Trading Tips for Success

By Linda Wainman

Why is it that some people are successful in trading the markets? And some people fail?

Critical Factors for Successful Day Trading

The ability to adjust to changing market circumstances is just one of the traits of a successful trader.

When money is on the line all traders emotions come into play and unless you can maintain discipline, success will elude you. The more disciplined you are in trading, the more profits you will make longer term.

Successful traders have learned to control their emotions, thus leading to more objective trading. Human emotions are always the key to either success or failure in any business. And it is especially important when trading the markets.

The simpler a system, the more likely it is to be robust in the face of changing market conditions. you need to understand your trading method, and the logic behind it, so you can execute it with confidence and discipline.

You must have an identifiable edge over the market.

Maintain self-control and discipline when making trading decisions: you must be confident in your trading method

You must execute the buy and sell signals with confidence - these signals will lead to trading success in the long run, as you rigidly adhere to your method.
Successful traders have one to three things that work and they use them over and over and over and over again for as long as they are profitable.

Successful traders protect their accounts. They respect the risks they are taking, usually no more than 2% of capital If your risk per trade is too aggressive then you run too high a risk of blowing your account, too conservative and you will not optimize returns from your system.
To really succeed at trading of any type, you need consistency, even if it's with small amounts. The ultimate goal is to keep trading over and over to eventual riches. Small but steady gains over time can add up to some truly massive numbers

You can't win if you're not in the game, and the way to stay in the game is through proper money management, risk assessment, position sizing, etc. Without these components most new traders blow their accounts out and never return to the game.

Learn from your losses - take advantage of each loss to improve your knowledge of the market.
Most successful day traders have a true love or passion about their trading activities.

Successful day traders know that many of their trades will fail to meet the original objective. They do not, however seek to blame someone else for their loss, and they don't dwell on it. They attempt to learn from their mistakes and move on to the next trade.

Successful traders do not rush into trades. They take their time to select good trading opportunities and do not place orders simply for the sake of holding a position in the markets at all times. On some market days, where few good trading opportunities exist, they are content to simply stand aside and wait.

In day trading, a great deal of real-time information has to be absorbed, analyzed and acted upon in intense bursts throughout the trading day. This requires a great deal of concentration and stamina on the part of the trader, and the ability to avoid distractions. Day trading can be very hard work and a lack of concentration can doom a trader to failure.

Exit Losers quickly. Successful traders do not hang on to a losing position hoping the market will go their way eventually.

Constantly evolve your trading edge to stay ahead of the crowd.
Robust trading method + discipline = trading success

About the Author
Linda Wainman is author of the "Keeping It Simple Day Trading System"
Get the exciting details from

NOTE: You have full permission to reprint this article within your website or newsletter as long as you leave the article fully intact and include the "About The Author" resource box. Thanks! :-)

Article Source:
If you wish to add the above article to your website or newsletters then please include the "Article Source:" as shown above and make it hyperlinked.

  Some other articles by Linda Wainman
The most Important Article on Day Trading for Beginners.
The most Important Article on Day Trading for Beginners. Telling it as it is!!!!! Trading is not for everyone, you can lose lots of money trading and trading can make you lots ...

The Mind Game of Day Trading
"If you have no confidence in self, you are twice defeated in the race of life. With confidence, you have won even before ...

The Holy Grail of Day Trading
New traders search for their Holy Grail because they get a sense of control when they use entry signals to open their positions. They want the point they choose to enter ...

Scalp Trading by Day Traders
Scalp Traders look to take advantage of very short term trading opportunities. By entering and exiting a trade within a minute or two, develops confidence for the beginner trader, trading consistently without ...

Using Technical Analysis in Day Trading
Technical analysis describes different ways of predicting the future of the market you are trading. Technical analysis helps identifying ...

Beginner Day Online Trading
Real Time Data In order to successfully day trade you must have access to real-time market data. Relying on stale information will result in poor ...

  Recent Articles
Be A Rebel: Contrarian Investing
by Christopher Smith

Advantages of Online OTCBB Stock Trading
by Praveen Ortec

Online share trading can be a liberating experience
by Martin McAllister

The Bulls And Bears Game: Risks And Survival Strategies In Investments
by Wain Roy

How Do You React When Your Stocks Are Down
by Christopher Smith

What You Don't Know About Micro Cap Stocks
by Christopher Smith

Free Money in Stock Market: Conversion
by Alexander Chong

Stock Trading Tip
by Joe Grabowski

Penny Stock Winners - What To Do Next
by Christopher Smith

The Stock Market For Newbies
by Joe Grabowski

Forex Trading Course: A Must for Forex Beginners
by Zevs Borealis

How To Get An Advantage Trading Penny Stocks
by Christopher Smith