August 26, 2011

The Best Strategy for a Beginner Day Trader

Beginner Day Trading Strategies:
An experienced trader can FEEL the market.
A new trader cannot FEEL the market.
An experienced trader can use his/her EXPERIENCE to anticipate problems before they happen.
A new trader does not have the experience yet.
This is why we need to use a tailored approach to new/beginner traders.
–          Keep the variables to a minimum
–          Make it as simple as possible
–          Easy to obtain goals.
–          Specific Instructions
Custom trade plan will allow me to tailor-fit a plan of attack that will use these main objectives.
Trade  1 market, 1 timeframe, and take it slow while you learn it.
“Jack of all trades is a master of NADA!!!”
Keep it simple by using only the needed indicators and charts.
My goal is 30 ticks per contract.
Very specific instructions to tell me EXACTLY WHAT TO DO AND WHEN TO DO IT.
Pace of tape EURO Template was updated last Friday.

    schooloftrade

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