Beginning Day Trading - Tips For Beginner Day Traders

Rules Every Day Trader Should Follow

1. Never sell Short a strong stock at the High of the day. (Top Picking)

2. Never open a Long position at the Low of the Day. (Bottom Picking)

3. Never stay in a position more than 5 minutes if it is not doing what you thought it would do.

4. Avoid playing stocks that trade Less than 500k shares/daily. (Low Volume)

5. Play Stocks around whole numbers especially 5, 10, 15, 20, 25 and so on. The 50 cent mark also have support and resistance. These numbers offer extra support and resistance to protect your entry point in a stock.


Following these simple rules will help prevent a catastrophic move in your part when you begin trading. These rules are etched in the stone of the holy grail of day trading moves.

Use Simple patterns that have shown previous support or resistance at levels and enter at these levels only after indication of a reoccurrence of what happened last time at this point is going to happen again. (This is called waiting for confirmation after pattern reoccurrence recognition)

Remember things have a tendency to reoccur at points in a stock and everybody looking at this expects a reoccurrence. Play of this as odds are in your favor.

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