Day Trading Rules Every Beginner MUST KNOW

- In the world of trading, we constantly hear people sharing their rules saying: "Do this, don't do that, well I do this." These conversations can make you feel overwhelmed and leave you wondering, "How am I supposed to become profitable?" Today I share how to overcome this overwhelming feeling and develop YOUR own rules! Don't base your success on following someone else's rules. Remember, it's okay to struggle; we have all been there, but reaching consistency is worth it!

Favorite Books & Equipment

The B The Trader Show can be found now on all podcast platforms

DISCLAIMER: I am not a financial adviser nor a CPA. These videos are for educational and entertainment purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am just sharing my opinion with no guarantee of gains or losses on investments.

AFFILIATE DISCLOSURE: I only recommend products and services I truly believe in and use myself. Some of the links on this webpage are affiliate links, meaning, at no additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. Commissions earned will be used towards growing this channel.

[Bluel]

1# cut losses quickly and intelligently
2# trade max 1h
3# 3 losses = end of trading
4# don't chase and wait for another setup
5# don't focus on money but on process

[carlmoot]

1. read books, watch videos, on trading, for two weeks,
2. choose a style (day trading, swing trading), start trading,
3. keep doing the same thing, strategy, if profitable,
4. after three months, evaluate and change what you are doing if not profitable overall
5. keep track of all your trades so you know which ones were profitable, which ones were not, and why...

[Roadtoriches-ydnm]

This truly helped me ahaha, its crazy how when most traders start out, because every story seems the same, go through multiple discords, and use others peoples rules while constantly always finding new strategy’s, watching tons of videos. Taking more losses than wins, and then this when every traders story changes, 2 groups, 1st group gives up on trading because they got tired of loosing money, the second group is like im tired of loosing, i really need to figure this out, those are the hungry traders, and that’s when they go off on there own start finding there own ways on how to beat the market, every mind thinks different, but ill bet that if you don’t give up and put a lot of dedication into trading, some day your profits are going to be zooming, the only way to learn is to stay trading! I’m still working on it, but every day i seem to get better and better!

[desertbebe]

Another amazing and timely video. I have been drowning in “rules” videos and they are all over the place. Thank you for the reality check!

[maybelater]

Number one rule .cutting losses quickly. An if i don't. I have to buy the dips. An size up, on my stock.

[grumpytrade]

Remove P/L from positions trade the chart.

[hugavet]

Broke them all in one day. Lost 28000! Emotions clouded my logic

[jimmyn]

Number 1 rule: never use a mental stop

[frankberardi]

Great advice. Process over Profit. This one sentence will help many new traders.

[Sassa]

thanks man most of your videos are very insightful .

[urayo]

Thank you !! I have to say that you are right about all the areas and examples given in following others and how they may not or may work for you, however the only way an individual is gonna find out which system works best for them is by trial and error but, most people don't want to do that because of the risks involved. Preferably a basic plan should to be learned.... What are basic rules of thumb for beginners to follow when starting out in trading?

[ii]

You re the best, bro. Do you not have anything on taking profit early?

[michaelsullivan]

Very good advice. I have a few hard and fast rules and a few soft rules guided by the situation. I have learned them the hard way. I am a slow learner but I'm a good learner.

[Justin]

I stuck to my rules today bro😁🤙. What about you Alex?

[waheed]

You ate awesome man I have been trading for 6 months on loss side, one reason I watch those live trading YouTube videos and make me confused

[cheetahpsg]

Great stuff. Subtle point that people miss about rules and trading. . .

[urbandecay]

My rule is buy high and sell low. Works every single time!!

[josephpinheiro]

Any chance you can explain how the tax system works, do you have any strategies to reduce tax or is the lower tax in different states?

[robbylink]

This was real good. Lots of people need to hear this .

[TRADINGARMOR]

Any day that you stick to your plan and follow your rules is a good trading day, red or green.