Sunday, August 31, 2008

Improving at Day Trading Continuously

Preparing for the day as usual. I may be a bit late to office, which usually means that I am not fully prepared. I feel prepared if I am at least 45 minutes before the open and have a look at the daily and hourly charts. This, despite the fact that I may have seen it on Saturday. A lot depends on the global markets these days. So one eye is always on those markets and the markets in Asia opening earlier than ours. There is great risk in keeping overnight positions if one does not have a respectable stop loss. Intra day swing trades are far safer in some ways provided trading expenses are at a minimum (for example, US commission rates)

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