Day trading strategies: the complete guide with all the advanced tactics for stock and options trading strategies. Find here the tools you will need to invest in the forex market

 Instruments to Trade 
What instruments will you be trading? List them all out here. You can even
take this a step further and list out the individual stocks you will be trading.
When starting out, it’s best to pick a single instrument and trade just that.
This doesn’t mean you go out and try to trade everything under the sun. You
build a base with one, then two instruments, and then expand outward.
Much like individuals, stocks have natures of their own in terms of liquidity
and volatility. Some stocks have certain tendencies, depending on the time
of the day.
You need to observe and learn all this in order to trade successfully, and
doing so one by one is the way to go about it.
 Markets and Timing 
Which markets will you be trading? When will you trade them? So it is
important for you to note down your session time and stick to it.
Which is the best session for beginners or busy people to trade? Well,
there’s no such thing as “best” to begin with. In terms of liquidity and best

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bang for your buck, the open is probably the best. The flip side to this is
that the volatility can be pretty extreme. Things pick up toward the end of
the day as well, so it’s not as if the open is the only worthwhile time to
trade.
The afternoon session is usually seen as something of a graveyard with a lot
of traders stepping out for lunch. Don’t just assume this is so. Observe the
market and check its tendencies. While the more active stocks tend to slow
down quite a bit, there are some instruments that provide easy pickings.
 Capital and Risk per Trade 
List out your trading capital and your risk per trade. If this reduced amount
is too less for you to buy or sell any stock, then focus on getting more
capital to start instead of increasing your risk per trade.
 Risk Limits 
What is your daily risk limit? Weekly, monthly, etc.? It is also a good idea
to execute a gain-protection plan. What this means is that if you have a
bunch of winners during the session (say two or more) or if you make a
certain percentage of your account during the session (say anything about
0.5%), then you could decide to stop trading during that session if your
gains dip below 0.25% or if you lose two more trades.
The idea is that you’ve made money during the session and you would like
to hang on to it. This is to protect a string of winners or a huge gain. Once
you’ve had a great day, it’s perfectly fine to set a lower loss limit in order to
protect some of it so that no matter what happens, you’ll end the day up.