Day traders need confidence in a variety of ways. If you are not confident in yourself, you should run away from the markets. When you dig into the finer details of day trading, confidence should also be taken note of within how you are managing a current trade. Most beginner traders (myself included) when getting started focus on thinking “when to buy” and “when to sell” are the most important things. Don’t get me wrong, those skills are important, but when it comes to managing an active trade, it’s equally (if not more) important. When you find yourself in a trade and you are confident in it, particularly if you happen to gain even more confidence, then making this one move can really enhance your overall trade results. I won’t be using any theory here. I will be using a real life example from some of my personal trading. Let’s get to it!

Share This Post: