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Day Trading World

Day Trading Tips for Success

A Weekly E-Mail Discussion by Trading Pro's

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Trading Leverage - Part 3


--->Which is the best way to place orders? I have been placing stop-buy orders and stop-sell orders.

This is relative to each trade...stop buy and sells will work for now.

--->I want to fine tune my skills to a system...

Good, you seem to have a passion for trading and that is a big component of ultimate success. One trait that is common in EVERY successful trader that I have ever met is that they all work very, very hard. They study, they watch, they search and they wait for the right opportunities. Many put in 10-12 hour days. The only people who think that they can get rich quick are the newer traders. The traders that are getting rich have all taken the time needed to build the skills you need to excel.

--->I would like to start doing this full time.

I think you should, but I don't think you should try to make a living from the markets quite yet. What I mean is that you should study and progress full time as a trader but derive your income from another source until you are completely ready and already extracting what you need from trading to survive.


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