I finished trading today at a little bit over 11:30am (which is my mandatory latest finish time). I did OK, earned $38 after commission.
The good thing is: I didn’t loose money. The bad thing is: I didn’t follow the rule of risk management.
I have to create a mind map and put all my rules for trading in it. Risk management rules are deadly important. They guide me where I should enter a trade, what is my exit strategy, when I should be able to trade other stocks, etc.
I didn’t follow …
This is my blog for logging my day trading activities. I am determined to master day trading technique and I think the hardest part is to keep my emotion in check. I will use this space to document my progress in day trading, and lessons I learnt from doing day trading, success and failures I encountered each day, so that later on, I can check back my progress and share it with my family and friends.
All content on this site is provided for entertainment purposes only. Do not make any financial or trading decisions based upon the information presented on this website. Trading, investing in the stock market, and other topics discussed on this site are only opinions of author’s and other contributors’ and may not suit your own situation. Do your own research before making any financial decisions.