1. Track Everything

even though you’ve got to work fast when you are using day trading methods it is worth taking the time to write everything down. Again this is a habit you can train yourself into while in demo. You’ll be dazzled how much it helps you to grasp why things went right or wrong when they did. This will enable to to tweak a marginal system into a profitable one and make all the difference to your bottom line. An easy spreadsheet recording your position, the signal(s) and the opening and closing costs is enough during trading. Afterward you may want to add a comment.

2. If In Doubt, Keep Out

This is a famous trading and investment rule. Don’t take a big gamble on something that almost fits your system but not really. It may work once but over the long term this may lead to disaster. There is probably a reason why the system is set up for the signals that it has, and if the market does not fit, do not force it.

equally if you’re sick or under strain about another area of your life, it can be better to keep away from the market, particularly while you are still a relative beginner. There will be other and better opportunities to learn day trading when you’re feeling in top condition.