|
No matter which stock or which pattern you trade or how experienced you are: Successful
daytrading is taking advantage of a situation offering a high probability
to be successful. The odds must be in your favor. That cardinal rule is the beginning of each success. You will be successful if you stick to this rule. You will fail if you disregard it. If you want to succeed in a long term you should wait for the perfect situation. You should be patient. A good situation seldom appears when you want it. It appears when the time for it has come. So, wait and stay concentrated. When the situation is there you must act professionally: Quickly, without hesitation and emotion. That’s the reason why daytrading is so difficult. We don’t want to wait, we are impatient. We are tempted by the markets so many times. Consider you are lurking for the perfect situation for hours sometimes. It’s an environment that can make emotions grow by boredom, frustration etc. It’s easy to get distracted and do the wrong things. Success in daytrading would be easy if we were able to wait for the perfect situation patiently but many things happen in the meantime. Our own emotions are our biggest enemies. Hope, fear, boredom, frustration, greed are always present and diverting. We can’t get rid of our emotions but we have to live with them. You can only succeed in a long term when you trade only when the odds are in your favor. You should know what you are doing. You must have objective parameters for your decisions, not emotions. Successful traders have a system, a plan about what they are doing. They are waiting for their chance. They keep their emotions under control and trade only if there is a strong reason for it. This book shows you the way how to become a successful daytrader. It shows you how to set up your own plan, your own system that works. You will learn the daytrading techniques necessary to succeed. Table of Contents |
