| The world has never seen so many stock traders | | | | are paying a commission on every single trade. |
| than in our present time. All across the globe | | | | They might therefore end the day in the green, |
| thousands of newbie traders are following courses | | | | but after deducting trading costs the day's |
| in stock trading while you read this. Yet not many | | | | activities will show a loss. |
| of them make a long term career out of it, | | | | Another aspect that many traders neglect is to |
| because they find it hard to consistently make | | | | get sufficient rest. A tired trader is a bad trader. |
| money. Why this is so can almost always be | | | | If you sleep four hours per night and trade the |
| traced back to not following best day stock | | | | whole day, you are bound to be dead tired by 3 |
| trading principles. | | | | in the afternoon. And that is when you will make |
| One thing you should never forget is that a trader | | | | that mistake that might well wipe out your trading |
| does not operate in a world of certainties. A | | | | account. |
| trader operates in a world of uncertainties, of | | | | This might seem like advice for high school kids, |
| probabilities and possibilities. Nobody in the trading | | | | but it's not the case. You will be shocked to find |
| world can predict with any certainty that the price | | | | out how many underfed and overstressed |
| of a stock will start rising tomorrow at noon and | | | | traders there are who are just too scared to get |
| turn around again at 4pm in the afternoon. | | | | up and enjoy a meal because they fear that they |
| This uncertainty creates stress. And the only way | | | | won't be there when a profitable trade comes up. |
| you can deal with it is to try and minimize the | | | | This is simply not going to work in the long run. |
| level of uncertainty in your trading activities. Once | | | | You need to keep your brain well-rested. Get up |
| principle that works well for all professional traders | | | | every two hours and make yourself a cup of |
| is not to put all or even most of your trading | | | | coffee or have a juice. Take a walk in the garden |
| money into one stock ' no matter how sure you | | | | for five minutes. Your brain needs it ' the human |
| are that the price will go up. Diversify your | | | | brain can only function at full concentration level |
| portfolio and have at least ten stocks in your | | | | for about two hours at a time. |
| trading basket at any given time. | | | | By following a few best day stock trading |
| A further common mistake of newbie traders is | | | | principles, you will noticeably increase your chances |
| to over-trade. They literally do a trade every | | | | of being successful. A well nourished trader with |
| minute since they are deeply scared to not lose | | | | an alert mind obviously has a much better chance |
| out on any potentially profitable trade. What they | | | | to beat the market than a tired one living on junk |
| tend to forget is that trading is not free. They | | | | food! |