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Day Trading Tips

Successful day trading tips take many forms. If by 'Day Trading Tips' you mean the recommendations of another person as to the prospects for a particular stock or instrument, then we are fairly clear on it - stay away.

If someone offers you day trading tips of this kind, they are either an insider dealer, and will soon be in jail (as will you if you follow their day trading tips!) or they are talking horse feathers. Treat 'tipsters' like this with caution - they can no more see into the future than can you.

 

Day Trading Tips for real

By 'Day Trading Tips' we actually mean nuggets of day trading advice that might actually be useful to you, and cover general day trading topics rather than individual stocks or instruments.

An example of our day trading tips might be - "Don't open a trade just before a major news announcement". These day trading tips are also sometimes referred to as 'rules', although the word 'rule' suggests something far more defined than a tip.

Many famous traders over the years have offered their day trading tips for general consumption, and a lot of the advice they give is actually sound. Our own day trading tips are a ...

 
 
 
 

consolidation of these and many years of experience of our own, bought at some cost, and you can read them in full on the day trading course available on this website.

 

Day Trading Tips - the list

Surefirething's Day Trading Tips boil down to the 10 golden rules, which you can read in the online day trading course. They are summarised as follows:-

 

  • KNOW YOUR MARKET
  • PREPARE FOR THE DAY
  • STICK TO YOUR PLAN
  • DON'T BE GREEDY
  • TAKE A LOSS WHERE NECESSARY
  • DON'T CHASE THE MARKET
  • DON'T OVERTRADE
  • TRADE WITH THE TREND
  • CARE MORE ABOUT PROTECTING YOUR CAPITAL THAN INCREASING PROFITS
  • BE WARY AROUND NEWS ANNOUNCEMENTS

These 10 day trading tips may seem fairly obvious to you now you have read them, but you would be AMAZED at how many people forget one or more in th eheat of the trade, and pay the consequences!

Good luck with your trading!