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7 Rules ETF Day Traders Must Know
February 13, 2013 at 09:01 AM EST
ETFs are embraced by buy-and-hold investors and active traders alike for their unparalleled ease-of-use and cost efficiency. Short-term opportunities with lucrative risk/reward ratios often appear in the marketplace; however, only the savviest of traders take advantage of them and profit on a consistent basis [see 101 ETF Lessons Every Financial Advisor Should Learn]. Below are seven trading tips that all ETF day traders should have in their personal rule book if they want to increase their chance of success: 1. Write Down Your Trading Rules and Actually Follow Them. Easier said than done. Most traders fail because they don’t have a trading system in place that keeps them disciplined. Trading rules define how you find trade candidates, execute your strategy, take profits and cut losses. Making trades based on guesses, emotions or random strategies is simply gambling; use a well thought-out and tested trading plan instead. Most traders “know” they [...] Click here to read the original article on ETFdb.com. Related Posts: No Related Posts
ETFs are embraced by buy-and-hold investors and active traders alike for their unparalleled ease-of-use and cost efficiency. Short-term opportunities with lucrative risk/reward ratios often appear in the marketplace; however, only the savviest of traders take advantage of them and profit on a consistent basis [see 101 ETF Lessons Every Financial Advisor Should Learn]. Below are seven trading tips that all ETF day traders should have in their personal rule book if they want to increase their chance of success: 1. Write Down Your Trading Rules and Actually Follow Them. Easier said than done. Most traders fail because they don’t have a trading system in place that keeps them disciplined. Trading rules define how you find trade candidates, execute your strategy, take profits and cut losses. Making trades based on guesses, emotions or random strategies is simply gambling; use a well thought-out and tested trading plan instead. Most traders “know” they [...]
