Day Trading Rules for Beginners

If you are a beginner or have some experience in the market, then you should know the day trading rules. And I will be explaining to you some of the rules that you must know.

There are some things to know before trading.

Good Mindset

If you want to be profitable in the future, you have to have a good mindset. Do not join any paid telegram groups to make a profit in trading, and always strive to learn something because good for your future.

You Don't Need Too Much Capital to Learn Trading

We always have doubts about trading in general. When we are beginners and do not have so much experience in the market, this question might come to mind, but it is true that once you get masters in trading, you need capital.

Risk Management,

Do not plan for any trade without having proper risk management because trading is all about risk-to-reward ratios. Do not take a risk which you cannot afford to lose. Having a good mindset is always good. Strive to focus on capturing big points rather than strategy and profit.

Trailing Stop Loss

Trailing stop loss helps us to preserve our capital, and it also saves us from huge losses. And the reason for this is why it's so important to have a proper trailing stop loss. Even sometimes, it gives us big profits because nobody can predict market directions, but it can help us to stay in the trade.

Do Not Trade on Stocks because Of Liquidity Issues

Liquidity is always an issue with stocks. For a beginner, it is better to trade in the index option rather than in equities, and it also depends upon your country to country and how much volume they are getting.

I have talked about what the physical settlement of stock is in detail in my other blog, which you should check out them,

Use Broker Chart Pattern instead Browsers

This thing matters because their chart is only for showing the chart pattern, so that's why sometimes browser charts get stuck and slow, which can lead you to take an entry into the wrong price, so it is better to use their chart pattern for trading, to avoid any price changes also, this will give you proper entry in trading.

None of the Stetagy has 100% Accuracy

Strategy can only give you entry into the trade, but your experience will help you to stay in the market, and that's why gaining experience is always good. Most strategy has a 60- 70% winning rate.