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What Is Trading?

Did you know that a day trader's place of business is not the office or desk, but the trading platform? A pattern day trader is defined as any customer who executes 3 or more same day trades - Day Trading.

The trading plan should consist of stop loss and profit target levels, so that your trade is planned to be taken out early when the market goes against you and yet also there is a profit target to aim for if the market goes in your direction.

You can put a dollar amount on what you will allow yourself to lose in one day, but you must stick to it. Many day traders make the mistake of holding onto stock too long and rather than sell when the stock initially started losing money, they hold onto it thinking the market will change and they can make back what they lost.

Where stocks are held for a number of days, weeks or even months, but in strong bull markets some stocks will rise steadily for days on end, making the intra day trend follower a very happy chappy - trading indicators. For more infomation, please visit our website https://renkokings.com/