Do you know the daily struggles of day traders in stocks and forex? Well, in this short article we will discuss all the daily struggles of stocks and forex day traders and how can they turn those struggles into success, victories, profits and I will give you some tips how to make your trading more relax and calm.
Struggles simply means “a forceful effort to reach a goal or objective”. Therefore, a day trader has a goal or objective that needs to meet at the end of the day.
If the goal or objective meets too early, then a day trader can now rest or relax and stop doing trading. But if somehow in opposite, a day trader continues to struggle until he meets his trading objective for the day.
Stocks & Forex Day Traders Daily Struggles
Here are some of the daily struggles of stocks day trader and forex day trader.
1. Spotting the Right Entry – spotting the right trading entries is not easy. Entries are the main ingredients to become successful in day trading.
2. Perfect Positions – perfect positions simply means you are confident in the market and you will add positions until you meet your desired profits for the day.
3. Decision Making – doubts and clarity, fear and greed are somehow affects day trading decisions. Doubts because you have many “what if’s” questions. Fear because you don’t know what you’re doing.
4. Reward for the Day – you have to understand the risk and the reward in your day trading activities. If the reward will help you achieve you day trading goal, then decide to trade.
Useful Day Trading Tip: Make yourself very calm and confident in your day trading activities by simply respecting your system, strategy and the market!
Spotting the right entries will be very easy if you have developed a trading strategy whether you’re day trading forex or you’re a stocks day trader. Perfect positions simply means you are confident with the trend or in your trades.
Decision making is very hard especially when you have target objective for the day. A simple $1 per day is very easy objective but risking $1,000 to make $2,000 for the day is a different story.
I hope you like this short article about day trading forex and stocks. Share it with your friends. What about you? What is your daily struggles as a forex and stocks trader? Leave a comment below.
Everyday my struggle as a day stock trader is asking myself “How do I find the best stocks to day trade?” Anyway, do you have have a day trading rules under $25 trading capital? Thanks for your stocks and forex trading tips..