Trading

5 Intraday Trading Tips To Become A Successful Trader

1. Trade with your own analysis. (Do your own homework.)

2. Plan your trade and then trade your plan. (Pre-define the important levels : Entry/Exit & Stop-loss/Target.)

3. Mark the checklist. (Stick to your stop-loss & Target.)

4. Cut your losses quickly and let your profits run. (It’s difficult in practice but who says trading is easy.)

5. Maintain a trading journal. (Write down your emotions & feelings during the trading hour and review it later in the night.)

Bonus Tip: Have courage, consistency & commitment. (For that, you need discipline, and here, in trading, discipline means – learning.)

Recommended Reading: Trading Habits: 39 of the World’s Most Powerful Stock Market Rules By Steve Burns

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