Sunday, August 13, 2006

Improving at Day Trading Continuously

Preparing for the day as usual. I may be a bit late to office, which usually means that I am not fully prepared.
I feel prepared if I am at least 45 minutes before the open and have a look at the daily and hourly charts. This, despite the fact that I may have seen it on Saturday.
A lot depends on the global markets these days. So one eye is always on those markets and the markets in Asia opening earlier than ours.
There is great risk in keeping overnight positions if one does not have a huge stop loss.
Intra day swing trades are far safer in some ways, I feel.



DISCLAIMER
Trading in the securities markets can be very risky. The content on this site/blog is not an invitation to buy any securities product. The author is not a registered stockbroker nor a registered advisor. The comments, in general, are to be taken as opinion only and should not be construed in any manner whatsoever as recommendations to buy or sell a stock, option, future, bond, commodity, index or any other financial instrument at any time. While he believes his statements to be true, they always depend on the reliability of his own credible sources and analysis. The author recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction, before making any investment decisions, and that you confirm the facts on your own before making important investment commitments.

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