/biz/ - Business & Finance

>>19702574
you can study and practice all you want but the learning begins once you actually have skin in the game.

given that you don’t have $25,000 equity, you’re going to be limited to 4 day trades per calendar week, so understand that you’re going to be swing trading.

1.) the biggest thing you need to know is to never sell at a loss. even if you have to have $500 tied up for weeks, wait for that -25% to turn to +5% before you sell.


2.) it’s better to sit on cash waiting for a decent entry than to blindly rush into a “trade”.

3.) don’t bully yourself for selling at a profit. sure you made 10% when you could have made 20%, but the market also could have dipped. it’s all about consistency over time.