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1) Treating Day Trading Like a Hobby Versus a Business
Author:
Leroy Rushing
Category:
Finance
First, let's start off by understanding that there is no such thing as a day trading hobby. Traders must have superior trading habits that come from knowing their strategies and their trading. Trading discipline and making only quality trades is something that comes from experience that can only be created from an active role in the financial markets. The active, professional trader is far more profitable due to experience and knowledge from con...
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2) Learn to be a Day Trader - Not a Daily Trader
Author:
Leroy Rushing
Category:
Finance
A daily trader focuses on trading once a day, while a day trader focuses on trading stocks throughout the day. Though in context the difference may seem small, the trading discipline and trading success that comes out of taking trading seriously is done best by day traders.
The active, professional trader
A daily trader is more interested in trading daily, not focusing on profits or on quality of trades, but merely the frequency. The active, professional trader is akin to a day tra...
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3) 5 Steps to Understanding Volume and Liquidity
Author:
Leroy Rushing
Category:
Finance
Understanding that volume and liquidity will boost trading profits puts you one step closer to financial freedom. The active, professional trader should know how to act in any market, liquid or illiquid.
1. High Volume Means High Liquidity
Stocks with a high volume are very liquid, not to mention they have lower spreads between the bid and ask prices. Technical analysis works best on liquid stocks because trends are more fluid and give...
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4) 5 Guidelines For Evaluating Your Trading As a Business
Author:
Leroy Rushing
Category:
Finance
Trading is just as much of a business as any other industry. Treating what you do as a business will help you improve your trading, allowing you to trade with less emotion. Constantly set trading goals to work towards, just as you would create goals for any business. Here are a few tips to improve your trading as a business, helping you reach your trading goals.
1. Your Trading Plan is Your Business Plan - Your complete trading plan is much like a business plan. Included in you...
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5) 8 Ways To Be a Better Trader
Author:
Leroy Rushing
Category:
Finance
Even the best traders in the market have trading sessions that are less than optimal. Human nature dictates that we make mistakes, and trading the stock market is no exception. Subsequently, there is always room for improvement, whether you are a novice trader or a seasoned veteran.
1. Stick to Your Guns - Don't try to run from the market. The only way to boost trading profits is to stay in the game and keep trading. Running from the trades and the action will keep you out of th...
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