Don't lose money daytrading the stock market

BY David Dalby

Their are many ways to lose money trading the stock market, daytrading is the FASTEST way to lose money because the trades are very frequent. So we need to limit are trades to a few that have a high probability of making money because the market is about to move in one direction or the other.

There is no point trading when the market is moving sideways, which it often does at lunchtime, most days you can just go to lunch.

Daytrading really is about three things

1. PRICE
2. TIME OF DAY
3. DIRECTION OF MARKET

A complete mastery of these three components is needed to successfully daytrade any market. For more information I recommend www.masterdaytrader.co.uk

David is a successful author and long time stock market trader with long term, med term and daytrading portfolios.

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