You should consider these factors.

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  • Be patient. Plan your trades, then trade your plan.
  • Never risk too much capital on one trade.
  • Look for scenarios where supply and demand are drastically imbalanced and use these as your entry points.
  • Always set price targets before you jump in.
  • Insist on a risk-reward ratio of at least 3:1 when setting your targets.
  • Be disciplined.
  • Don’t be afraid to push the “order” button.
  • Only day trade with money you can afford to lose.
  • Don’t limit day trading to stocks.
  • Don’t second-guess yourself, but do learn from experience.

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