Day Trading

Any person seeking to undertake day trading of penny stocks must develop a steadfast habit of trading using a structured set of rules. Otherwise, you may find yourself lost in a limitless maze of decisions that can be detrimental to your penny stock trading. Trading in general, and day trading in particular, creates a free form environment which allows you to make almost any type of decision whatsoever with respect to when and where to buy or sell a stock. Many of the reasons that day traders wash-out can be traced back to a few universal rules that many traders fail to put into practice. Whether you are new to day trading or a veteran looking for new ideas, the ten rules outlined below are worthy of strong consideration for incorporating into your trading plan.