Day trading is not for the 'faint-hearted' and as with any type of trading you will need to optimize every opportunity to educate yourself about the Market and also about Yourself.

The day trading environment is fast paced and can be very stressful for the trader who is not well prepared. Success comes to those who are focused, disciplined and have tenacity.

The 7 Key Tips for education about the market required for succeeding with day trading:

Learn, learn and then learn some more about the market.Learn, learn and learn some more about different trading strategies.Paper trade, paper trade and then paper trade some more.Start trading with real money in small positions.Transitions to larger positions once confidence and small successes are achieved.Go back and repeat steps 1-5...see below

The 5 Key Tips for developing the traits required for succeeding with day trading:

Learn, learn and then learn some more about yourself and what makes you tickLearn, learn and learn some more about any unwanted behaviors, attitudes and beliefs identified in 1.Identify and utilize different ways and tools to change those unwanted behaviors, attitudes and beliefs.Go back and repeat steps 1-3...see below

Every trader that ever there was have all had obstacles to overcome before succeeding as traders. Those who are successful have continued to work on their market education and have continued working on themselves.

There will always be things that we need to work on and we need to look at trading as an opportunity to learn and grow as a person as well as a trader.

Optimize the opportunity of experience and LEARN from everything.

You can maximize the experiences gained in trading by building on the positive and learning from mistakes. How you think about every trading experience, good or bad or what you deem as good or bad, will influence your trading.

Maybe you take early losses and have not put things in place to ensure that the inevitability of losses is managed?

Have you reached a plateau and now you are moving away from what you know works and are getting scared by the unknown?

That brings me to the summary of Tips for Day Trading Success and this also addresses the above points not yet covered:
Develop a robust Trading Plan that suits YouStick to that Trading Plan!

The best thing you can do as a trader is to seek out more knowledge, be discerning in what you take on board, but know that if you give your trading and yourself the focus and determination needed to succeed and have the right tools and people around you, the trading journey can be one of the most rewarding and exciting ways to give you the money and lifestyle you want for yourself and your family.

The development of your trading plan and the ability to stick to that plan can be the hardest component of trading, but once you have those things in place, those rewards will surely come.

Karen Oates is a seasoned options trader and mindset coach who excels at helping traders understand themselves and the stock market by using a 'keep it simple' trading plan and the mind tools of success through mastery of mindset, focus, behaviors, beliefs and strategies.

Karen is certified as a:
Master NLP Practitioner
Master Results Coach
Performance Consultant
Specializing in Advanced Subconscious Reprogramming and Master Hypnosis

Check out how you can use the best tools and techniques to become the successful trader you want to be!
http://www.outofmymindtrading.com/

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