If you want to have success as a day trader and make money consistently online, you need to have rules. One of the most important rules that must be included within any kind of day trading stock strategy is understanding that a stock owes you nothing. What do I mean? Just because you find a stock giving you a technical trading set-up that you find to be extremely attractive, does not mean you will be rewarded. There will be times in your trading (as you’ll see in this video) where you will become very confident of something and have extreme faith that the stock will behave in a certain manner only to have it…. well, not behave like you want. When I was a new day trader and just getting started as a beginner I fell into this trap on several occasions. I would find a beautiful stock chart set-up, and then almost develop a sense of entitlement as if the stock “owed me” money. This can be very dangerous and you need to know how to handle these situations as a day trader, which I’ll show you in this video.

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