domenica 30 marzo 2008
Good book, but to much technical stuff can make you slow
However, to make it as a Day trader you will need more practical trading strategies especially if you are a beginner. Day trading keeps getting competitive and the stock market doesn't care if you are experienced or a newbie stock trader. The rules and the opportunities are the same, so either youre going to make money or you are going to lose it in favor of the more seasoned ones. As a day trader your homework is all about studying and testing different market strategies that will help you take advantage of stocks and at the same time protect your investments. Just always keep in mind that a good strategy is SIMPLE and practical. Frankly the worst thing that can happen to a beginner day trader is to get information overload. Complicated technical systems will always make you SLOW in your decision making process or confuse you from the start. There are some very good sites on the web where you can access practical trading strategies that are easy to implement. One of those sites is Stress Free Traders ( StressFreeTraders com) They focus on short term day trading methodologies that can help you identify and handle stocks with momentum while reducing your risk. All in all, day trading is all about picking the best stock opportunities and following your buy and sell signals with ease and simplicity. Once you learn to master your trading decisions, you can aspire to produce consistent profitable results.
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