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

Changing Strategies Frequently
Do you know how to ride a bike? If not, do you know someone who does?
Whether it’s you or somebody you know, learning how to ride a bike wasn’t

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instant. It took time and a couple of falls and bruises along the way.
But despite falls, scratches and bruises, you or that person you know stuck
to learning how to ride a bike and with enough time and practice, succeeded
in doing so. It was because you or the other person knew that initial failures
mean that riding a bike was impossible. It’s just challenging at first.
It’s the same with learning how to day trade profitably. You’ll need to give
yourself enough time and practice to master it. Just because you suffered
trading losses in the beginning doesn’t mean it’s not working or it’s not for
you. It probably means you haven’t really mastered it yet.
But if you quit and shift to a new trading strategy or plan quickly, you’ll
have to start again from scratch, extend your learning time, and possibly
lose more money than you would’ve if you stuck around to your initial
strategy long enough to give yourself a shot at day trading successfully or
concluding with certainty that it’s not working for you.
If you frequently change your day trading strategies, i.e., you don’t give
yourself enough time to learn day trading strategies, your chances of
mastering them become much lower. In which case, your chances of
succeeding in day trading becomes much lower, too.
Not Analyzing Past Trades
Those who don’t learn history are doomed to repeat it, said writer and
philosopher George Santayana. We can paraphrase it to apply to day traders,
too: Those who don’t learn from their day trading mistakes will be doomed
to repeat them.
If you don’t keep a day trading journal containing records of all your trades
and more importantly, analyze them, you’ll be doomed to repeat your losing
day trades. It’s because by not doing so, you won’t be able to determine

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what you’re doing wrong and what you should be doing instead in order to
have more profitable day trades than losing ones.
As another saying goes: if you always do what you always did, you’ll
always get what you always got. Unless you analyze your past day trades
on a regular basis, you’ll be doomed to repeating the same mistakes and
continue losing money on them.