Top 16 Day trading Tips You Should Know

Day trading (also known as intraday trading or short-term trading) is one of the most misunderstood trading techniques. The rapid pace at which investment positions move within a single trading day gives the impression that day trading is riskier or more volatile than other types of trading. Let's put that to the test with an overview of some helpful strategic trading tips for beginners and intermediate traders, and discuss how day trading really works.

These day trading tips can help traders of all experience levels create daily trading strategies for their portfolios.

Top 16 Day trading Tips


Checklist for day trading tips & tricks

Top 16 Day Trading Tips

With tons of tips and tricks out there, what are the top 10 things you should know about?

1. Always have a plan

Top 16 Day trading Tips


The most important of all day trading tips. Don't risk real money until you have a plan of action. This means you need to know what you are buying and selling, how much you are going to trade, and when you are going to trade it. A trader without a plan is a pig headed for an expensive slaughter.

2. Use current technologies

Top 16 Day trading Tips


Since there are thousands of other traders out there, you need to use all the resources around you to stay one step ahead. Apart from that, charting platforms offer a variety of ways to analyse the markets. You can also compare your strategy to historical data to fill in any cracks. Mobile apps also ensure you have instant access to the market almost anywhere. Always try to learn advance trading methods like order flow analysis , order flow analysis help you to see what big players planning , you can read about order flow here.