The Keys to Successful Day Trading
The ability to adjust to ever changing market conditions is just one of the traits of a successful trader. In truth, there are actually quite a few. Something that I've found helpful is taking the time to look at other successful traders and trying to identify characteristics that may have contributed to their success. In addition to being able to adapt there are about 8 more things I have observed which include...

Money Management while Day Trading
There really are a lot of ways to make money in the market. There are tons of seminars and books out there that will tell you how others have done it. When it gets right down to it however, the most critical part of making money is the art of not losing much. Your always going to take stops and lose some, but you don't want to lose much, because you won't make a penny tomorrow if you go broke today.

The New Day Trading Rules
Beginning September 28, 2001 margin rules and requirements for one group of traders changed dramatically. The new rules apply to traders categorized as Pattern Day Traders (PDTs) who are defined as traders who make 4 or more day trades within a 5 day period, unless his/her day-trading activities do not exceed 6% of his/her total trading activity for that time period.

Protective Stops while Day Trading
When learning how to trade, the first thing you need to know are the basics. These include recognizing the basic trend in a stock, the basic long and short setups, when to enter a trade based on the daily setup and where to place stops. Once you know these, one of the next steps is to learn how to protect profits and limit losses by adjusting your stops using trailing stops.

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