The market has no rules, only tendencies Learn how to day trade

The biggest lesson in trading  is that the market has no rules, only tendencies. Learning the highest tendency and using that to leverage a position with very strict risk management is the key to trading.

1. You have to have a business strategy.

2. You have to have trading rules

3. Keep record to review and quantify your results (because your brain only remembers what it wants and makes up the rest)

4. Learn exactly where to get in and how to find targets.

5. Learn to read market direction and price action (indicators are for those that don’t know how to make money)

6. follow a trade strategy

7. know when to trade and when not to trade

8. Follow your plan

9. let the trades come to you

10. always trade with a stop and a target (no naked trading)

11. Master your strategy.

This foundation will keep you in the right direction.

Odds are you will not do the above. 95% of traders burn their accounts out in three months.

Find a profitable trader to mentor you.