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

Rule for Success #1 – Have Realistic Expectations
It is sad to say that many people who enter the options trading industry are
doing so to make a quick buck. Options trading is not a get-rich-quick
scheme. It is a reputable career that has made many people rich but that is
only because these people have put in the time, effort, study and dedication
to learning the craft and mastering it. Mastery does not happen overnight
and beginner options day traders need to be prepared for that learning curve
and to have the fortitude to stick with day trading options even when it
becomes tough.
Losses are also part of the game. No trading style or strategy will guarantee
gains all the time. In fact, the best options traders have a winning
percentage of about 80% and a losing average of approximately 20%. That
is why an options day trader needs to be a good money manager and a good
risk manager. Be prepared for eventual losses and be prepared to minimize
those losses.

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Rule for Success #2 – Start Small to Grow a Big Portfolio
Caution is the name of the game when you just get started with day trading
options. Remember that you are still learning options trading and
developing an understanding of the financial market. Do not jump the gun
even if you are eager. After you have practiced paper trading, start with
smaller options positions and steadily grow your standing as you get a lay
of the options day trading land. This strategy allows you to keep your losses
to a minimum and to develop a systematic way of entering positions.

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Rule for Success #3 – Know Your Limits
You may be tempted to trade as much as possible to develop a winning
monthly average but that strategy will have the opposite effect and land you
with a losing average. Remember that every options trader needs careful
consideration before that contract is set up. Never overtrade and tie up your
investment fund.

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