Day Trading / Online Trading - Trade The Markets offers day trading tips, chat room, seminars, courses, video newsletters and day trading software.
Home | Contact Us | Discussion Forum | Shopping Cart | Search | Member Login
FREE - LIMITED TIME ONLY
Watch John Carter trade live markets at the open
DOWNLOAD NOW
 PRODUCTS
Indicators
Mentorships
Webinars
See us LIVE!
CDs and DVDs
Trading Journal
Day Trading Book
 SUBSCRIPTIONS
Premium Subscription
Live Trading Room
 RESOURCES
Watch Live Trading
Free Webinars
Free Videos
Tips and Articles
John Carter's Blog
 MEMBER RESOURCES
*Member Profiles*
Member Webinars
Download Library
Day Trading Blogs
Discussion Forum
Online Image Gallery
 ABOUT THIS SITE
About us
Contact Us
Feedback
Site Map
Tell a Friend
Terms of Use
Text Size
FAQ
John Carter
Hubert Senters


Previous Month September 2010 Next Month
S M T W T F S
      1 2 3 4
5 6 7 8 9 10 11
12 13 14 15 16 17 18
19 20 21 22 23 24 25
26 27 28 29 30    

Discussion Forum


Day Trading Online Rule

Day Trading Rule #1: Never think of a trade as an investment.

When you are day trading / online trading don't decide to hold onto the stock for an investment. If your buying a trade and nothing is happening, the stock doesn't move in a few days, you should get out. Since nothing about the company has changed, don't hold onto the stock.

Day Trading Rule #2: Day trading means cutting your losses

If your day trade goes down you want to get out when it hits your stop - when the decline still amounts to a short period of time or a small dollar amount. Cut your losses quickly and get over them quickly, because the losses to come will be at lower levels and at a bigger cost. Follow your trading plan.

Day Trading Rule #3: You already have a losing trade; it's ok to take another

A loss is a loss whether it's realized or unrealized. It's better to acknowledge the loss and take another trade that makes sense.

Day Trading Rule #4: Don't expect to make money until you are out of the trade.

It's not a gain until you sell it and take the gain.

Day Trading Rule #5: Don't trade by using stock trading tips

Don't trade something because a friend told you or your overheard it on a train. Do your homework and pick a trade based on your research and indicators.

Day Trading Rule #6: Until you are out of a trade, it cannot be considered a profitable trade

The amount you have to pay in taxes is nothing compared to the amount you could lose if you don't lock in the gain on your trade.

Day Trading Rule #7: Minimize your losses

Keep tabs on potential problem stocks because one bad apple can ruin a portfolio.

Day Trading Rule #8: Just because you might have missed the last trade, don't hastily jump into the next trade

Acknowledge that you've missed out on the opportunity and to move on to the next opportunity.

Day Trading Rule #9: Don't trade by the newspaper.

They're under pressure to get the story out.

Day Trading Rule #10: Don't jump off the bridge, just because your friends did.

You are likely to lose a lot more money than you'll make. If you go long because a bunch of your friends did, or the news said so, does not mean you will make money in your trade.

Digg This | Bookmarkon del.icio.us | Submit to Reddit



·  Day Trading Training
·  Day Trading Strategy
·  Day Trading Tips for Successful Day Trading Online
·  Are You a Newbie Trader?
·  Trading Plan: Why Are You Failing To Follow It?
·  How to Start Online Trading?
·  Online Stock Market Trading Tip
·  Day Trading Stock Tip
·  Day Trading Online Tricks



As Seen On
John Carter on CNBC, FOX Financial and ABC News
Recent Day Trading Forum Posts
• JC, $TICK/Q
• naked puts
• JC, RTM
• ATR Reversion Bands Settings
• iPhone video support
• tradestation vs multicharts
• Market Direction Through End of Year
• S&P Premium Index
• pay no attention to the man behind the screen
• long tomorrow....maybe
• Long was Wrong today
• 2 ES points/contract makes a professional trader?
• July 6 to August 6 bullish ambush
• HENRY, WEBINAR LINK
• John-your options trading method
Search Discussion