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Strategies & Market Trends : Momentum Daytrading - Tricks of the Trade

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To: Stephanie M who wrote (490)2/11/1998 9:40:00 PM
From: Ken Wolff  Read Replies (4) of 2120
 
Just a thought out of the blue, but those of you who are just starting to daytrade, I think the best advice one can possibly get is;

paper trade until the percentages are high enough to put real cash on the table. Most never do this, they jump right in and end up learning many expensive lessons, that would have otherwise been free.

Many see one or two plays that make money initially, feel like they HAVE to jump in...... one or two plays later they shake their heads and look at their losses and wonder what happened.

Paper trade first or pay the toll as you go....

Good Luck

Ken
mtrader.com
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