Hi there hope you're all doing great, hope you will enjoy your few time spent reading this article, will love to see your suggestion and opinion thanks.
Trading as you might probably know requires lot of informative research, practice, discipline, resilience and phycological strategies.
Without these basic foundation and solid background beginners might lose their invested cash on their trading.
These strategy mostly applies to those traders interested in day trading which is buying and selling financial investment in the day and not long term trading.
Get daily information: information such as economic outlook, interest rate of countries and stock these factor plays a major role in day trading as a trader before placing any trade these information need to be looked up to before placing any trade for the day.
How much capital are you risking: daily accepted capital a day trader need to put at risk ranges from 1%-2% of their invested capital these will minimize the risk of loosing up all capital on a particular trade.
Stick to the plan: this part is very important in all trading activities without a proper plan traders might place unnecessary position they aren't supposed to place which can affect users account drastically, in these area a lot of traders have used up all their invested cash simply because they did not stick to their trading plan, greed is a major factor in trading so Make sure stop loss are always well placed in any open positions.
Your opinion and suggestions are most welcome do follow I will gladly follow back @mccoy02