Day Trader |
Price |
1. Check Item Price
Before you start to buy or sell your item, you need to check the price first. If there is a graph/chart, then see the chart. Going to up or going to down. If the chart going to down, then wait until get the lower. Then buy some item, Don't use all of your money to buy. If the price going up then wait until get the higher. After that, Sell your item. don't sell all your item. Just sell some of your item. If the price going up and down. Then see the chart again and decide your choice, use your heart for it.
Fee |
2. Check The Fee
Some company change the fee without being noticed by the users. So, you need to check it and decide the minimum price for selling item to get profit.
Don't Panic |
3. Don't Panic
Many day trading got panic after they see the price going down after he/she buy item or the price going up after he/she buy item. To be day trading please don't be like that. You need more patient to get enough profit. Although it take all your time.
Always Update |
4. Always Update
A day trader must know where they was trading, must know what going on of the company. Will they create a new/good product or not. You need to collect all information about the company ( Daily ). From the company and from you friend, because this is the important thing.
General Thing |
5. General Thing
- Buy Low then Sell High
A day trader must know this before try to trade, because this is a impotant thing too. Don't for get.
- Cut Loss
This is important thing too. If the price of item going down and down. Then you decide two thing :
a. Sell all your item.
b. Wait until the price going up.
6. Make Sure You Have Two Things at Your Pocket
Money and Item. This is important for me, because if you have that you can play as much as i can to get optimum profit. Deferrent if you have only one thing. You must wait for a long time if the price going down and down after you buy the item/going up and up after you sell all item.
OK. I think that is all that i can write for you. I hope that can help you to get some profit.
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Thank you for reading this article : Day Trading Tips
Very helpful tips and definitely one worth sharing.
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